SRKK AI Bhd's initial public offering (IPO) saw its retail tranche oversubscribed 312.3 times ahead of its ACE Market listing on July 9, 2026. The company received 29,428 applications worth RM1.4 billion for the 14.2 million shares made available to the Malaysian public, marking the highest oversubscription rate for IPOs on Bursa Malaysia in 2026 to date. SRKK AI ED and CEO Yew Lip Sin attributed the strong response to investor confidence in the group’s growth prospects and AI-driven business model, noting the listing would support expansion in artificial intelligence solutions across Southeast Asia and deepen services for its existing client base of more than 1,600 customers. The company plans to raise RM20.48 million from the IPO, with proceeds allocated mainly to AI development initiatives, including AI labs and an AI academy, as well as product development in analytics and business intelligence. Other allocations include RM1.84 million for expansion into Indonesia, RM3.70 million for an in-house security operations centre, RM1.80 million for branding and marketing, RM4.64 million for working capital, and RM4.50 million for listing expenses. AI-related solutions accounted for about 11% of revenue, or RM11.8 million, in FY2025.