Kuala Lumpur, 9 April 2026 – Inspace Creation Berhad (“Inspace Creation” or the “Group”), a growing player in Malaysia’s interior fitting-out industry, has taken a significant step toward its public listing after signing an underwriting agreement with TA Securities Holdings Berhad ahead of its planned debut on the ACE Market of Bursa Malaysia Securities Berhad.
The agreement will see TA Securities underwrite 26.97 million new shares, reinforcing investor confidence as the Group prepares to tap the capital market to accelerate its expansion strategy.
IPO Structure Signals Growth Ambitions
Inspace Creation’s IPO will comprise a public issue of 68.50 million new ordinary shares, representing approximately 18.55% of its enlarged share capital of 369.30 million shares. This will be complemented by an offer for sale of 29.30 million existing shares, equivalent to 7.93% of the enlarged base.
The allocation reflects a balanced approach to broadening investor participation while securing institutional backing:
- Malaysian public: 18.47 million shares (5.00%)
- Eligible directors and employees: 8.50 million shares (2.30%)
- Private placement (new shares): 41.53 million shares (11.25%)
- Offer for sale (existing shares): 29.30 million shares (7.93%) via private placement
Building a Niche in Interior Fit-Out Services
With over eight years of operational experience, Inspace Creation has built a reputation as a comprehensive interior fitting-out solutions provider, particularly for commercial office spaces. Its capabilities span project planning, design conceptualisation, build execution, and post-completion maintenance.
Through its subsidiary, IDPM Sdn Bhd, the Group holds a Grade 7 certification from the Construction Industry Development Board, enabling it to undertake projects of unlimited value nationwide.
To date, Inspace Creation has completed more than 100 projects with a cumulative contract value of approximately RM150 million. Its portfolio includes high-profile developments in key commercial zones such as the Tun Razak Exchange (TRX) and Bukit Bintang, reinforcing its presence in Malaysia’s prime business districts.
Positioning for Expansion Beyond Klang Valley
Executive Director Wong Chong Siong said the underwriting agreement marks a critical milestone in the Group’s journey toward becoming a listed entity.
He noted that proceeds from the IPO will strengthen the Group’s financial capacity, enabling it to pursue larger-scale projects and expand into new commercial segments and regional markets beyond the Klang Valley.
As of 28 July 2025, the Group reported an unbilled order book of RM21.22 million, providing near-term earnings visibility and supporting its growth outlook.
Industry Tailwinds Support Growth Trajectory
Malaysia’s interior fitting-out industry is projected to expand steadily, with the value of work done for building completion and finishing works expected to grow from RM2.0 billion in 2024 to RM2.7 billion by 2027, reflecting a compound annual growth rate (CAGR) of 10.5%.
This growth is underpinned by increasing demand for modern, efficient corporate workspaces, rising commercial property activity, and sustained inflows of both domestic and foreign investment into Malaysia’s services sector.
Against this backdrop, Inspace Creation’s listing comes at a time when Bursa Malaysia’s ACE Market continues to attract mid-sized growth companies seeking capital to scale operations and enhance market visibility.
TA Securities will act as Principal Adviser, Sponsor, Sole Placement Agent, and Sole Underwriter for the IPO, underscoring its central role in guiding the Group’s listing journey.
