IPO Insights

Insights Analytics Berhad

Insights Analytics Berhad is a technology solutions provider primarily involved in the supply of water technology solutions for water management across the utility supply chain, from treatment to distribution, mainly in Sarawak. The Group also provides intelligent asset management solutions for customers in other industries such as hospitality, transportation, and construction. Through its key subsidiary, Exxor Technologies, the company offers its in-house intelligent water management solution, the Intelli Water System, which utilizes IoT, data analytics, and AI to optimize water operations. Other subsidiaries include Intelli Technologies, which focuses on software development, and the dormant Exxor Data Solutions, intended for future data hosting services. The Group also holds an interest in an associated company, Intelli Technology Joint Stock Company in Vietnam.

IPO Details
Market: ACE
Principal Adviser: M & A Securities Sdn Bhd
Shariah Status: SC (Yes)
Listing Price: 0.36
PE Ratio: 10.4
    PE (FYE): 10.4
    PE (FPE Annualised): -
    PE (Hybrid): -
MITI allocation?: Yes
Closing Date: 13-Oct-2025
Balloting Date: 15-Oct-2025
Listing Date: 27-Oct-2025
Oversubscription rate: 53.62x
Average Analysts FV*:
TA (0.55), Mplus (0.68), Tradeview (0.48), Public Invest (0.60), Kenanga (0.88)
iSaham IPO Score***:
Market Cap: 198.00 M
Number of Shares: 550.00 M
IPO Allocations No. of Shares %
Malaysian Public 27.50 M 5.0%
Bumiputera shareholders approved by MITI 68.75 M 12.5%
Eligible Directors and employees 11.0 M 2.0%
Private placement to selected investors and others 41.25 M 7.5%
Total Allocations 148.50 M 27.0%

Offer for Sales of 27.50 M existing shares representing 5.0% enlarged shares.

Public Issue of 121.00 M new shares representing 22.0% enlarged shares.

Median Sectors PE: N/A
Median Peers PE:
Utilisation of Proceeds
Purpose Amount (RM'000) %
Expansion Expansion of corporate office in Sarawak with a mini data centre 4,400 10.1
Expansion Expansion of IT operations 1,860 4.3
Expansion Expansion of West Malaysia branch office 1,212 2.8
Working capital General working capital 22,181 50.9
Others Strategic investments, mergers and acquisitions opportunities 9,000 20.7
Listing expenses Estimated listing expenses 4,907 11.2
Total 43,560 100
Utilisation of Proceeds
SWOT Analysis

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