ICT Zone Asia Berhad IPO's Analysis

ICT Zone Asia Berhad

ICT Zone Asia Berhad, incorporated in 2019 and headquartered in Kuala Lumpur, Malaysia, is a leading provider of end-to-end ICT solutions. The company’s core activities encompass technology financing, trading of ICT hardware and software, and delivering advanced cloud solutions tailored to meet the needs of diverse clients. Serving government-linked entities, enterprises, and retail customers, ICT Zone integrates flexible leasing and rental models with ICT consultancy, implementation, and lifecycle management services. With a robust portfolio that includes its innovative DaaS 360 platform and strategic collaborations with global ICT brands, the company is at the forefront of driving digital transformation and supporting Malaysia’s evolving digital ecosystem.

IPO Details
Market: ACE
Principal Adviser: Malacca Securities Sdn Bhd
Issuing House: Malaysian Issuing House (MIH)
Shariah Status: SC (Yes)
Listing Price: 0.2
PE Ratio: 18.3-22.0
    PE (FYE): 21.74
    PE (FPE Annualised): 21.98
    PE (Hybrid): 18.34
MITI allocation?: Yes
Closing Date: 20-May-2025
Balloting Date: 22-May-2025
Listing Date: 03-Jun-2025
Oversubscription rate: 2.89x
Average Analysts FV :
TA (0.24), RHB (0.30)
iSaham IPO Score :
Market Cap: 159.09 M
Number of Shares: 795.45 M
IPO Allocations No. of Shares %
Malaysian Public 39.77 M 5.0%
Bumiputera shareholders approved by MITI 99.43 M 12.5%
Eligible Directors and employees 4.1364 M 0.52%
Private placement to selected investors and others 10.6591 M 1.34%
Total Allocations 154.00 M 19.36%

Offer for Sales of 21.00 M existing shares representing 2.64% enlarged shares.

Public Issue of 133.00 M new shares representing 16.72% enlarged shares.

Median Sectors PE: N/A
Median Peers PE:
Utilisation of Proceeds
Purpose Amount (RM'000) %
Expansion Expansion of the technology financing solutions business 21,000 78.95
Working capital Sales and marketing expenditures 1,500 5.64
Listing expenses Estimated listing expenses 4,100 15.41
Total 26,600 100
Analyst Highlights
Date Analyst Highlights
20-May-2025
RHB
  • Allocates MYR21m of its IPO proceeds to expand its high-margin TechFin solutions.
19-May-2025
TA
Utilisation of Proceeds
Business Segments
Geographical Segments
Major Customers
Profit After Tax (PAT) by Financial Year Ended
SWOT Analysis
No Available Pro Insight yet
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