KUALA LUMPUR, 06 October 2025 – Powertechnic Group Berhad, a specialist in crane, hoist, and elevator systems, has launched its initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad, aiming to raise RM22.05 million to fund automation investments and market expansion across Malaysia and Southeast Asia.
With more than 23 years of industry experience, Powertechnic provides end-to-end solutions for lifting and handling systems, from engineering design, fabrication, assembly, installation, and commissioning to maintenance and repair services. The Group’s diverse product range serves industrial, commercial, and residential markets in Malaysia and Singapore, backed by strong in-house engineering capabilities under its proprietary “Powertechnic” brand.
IPO Details and Proceeds Allocation
Under the IPO, 63.00 million new shares will be issued at RM0.35 per share, bringing the Company’s expected market capitalisation to RM108.62 million upon listing. The RM22.05 million raised will be allocated as follows:
- RM4.50 million – New product showrooms, sales offices, and marketing activities
- RM3.80 million – Capital expenditure for automation and new machinery
- RM2.80 million – Repayment of bank borrowings
- RM6.65 million – General working capital
- RM4.30 million – Listing expenses
Applications for the Public Issue opened on 6 October 2025 and will close on 14 October 2025, with Powertechnic’s listing scheduled for 28 October 2025.
TA Securities Holdings Berhad serves as the Principal Adviser, Sponsor, Underwriter, and Placement Agent for the IPO.
Strengthening Capacity Through Automation
“The launching of our prospectus marks an exciting new chapter for Powertechnic,” said Mr. Ivan Na Keh Chai, Managing Director of Powertechnic Group Berhad.
“The IPO will empower us to enhance our production capabilities through automation, strengthen our market presence in Penang, Sarawak, Singapore, and Indonesia, and reinforce our commitment to delivering reliable lifting systems. We are dedicated to driving sustainable growth and creating long-term value for our stakeholders.”
Echoing the sentiment, Mr. Choo Chee Yong, Executive Director of Powertechnic, added:
“This launch is a testament to the hard work and resilience of our team. With the IPO proceeds, we are not only expanding our footprint but also investing in automation that will enhance efficiency and elevate the value we bring to clients.”
Mr. Ku Mun Fong, Head of Corporate Finance at TA Securities Holdings Berhad, noted:
“Powertechnic’s track record, business model, and experienced management team position it well for sustainable growth. The company’s strategic direction aligns with opportunities in Malaysia’s growing construction and manufacturing sectors.”
Industry Outlook
Malaysia’s lifting and handling equipment industry is poised for long-term growth, supported by the New Industrial Master Plan 2030 (NIMP 2030). The manufacturing and related services sector is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030, while the general industrial machinery and equipment segment is forecast to grow at 8.0% by 2027.
With Malaysia’s economy projected to expand between 4.0% and 4.8% in 2025, demand for safe, efficient, and customisable lifting solutions is expected to rise, providing a strong foundation for Powertechnic’s growth and innovation roadmap.
