SKA Capital's IPO Oversubscribed 80.42 Times Ahead of 11 November Listing

SKA Capital's ACE Market IPO closed 80.42 times oversubscribed for the Malaysian public, Bursa filings show. The power-infrastructure contractor priced its shares at 43 sen; it debuts on 11 November 2026.

How the demand broke down

• 25,026 applications were filed for the public portion, worth RM1.57 billion in total.
• Every private-placement tranche was fully taken up — 111.93 million Bumiputera-investor shares and a separate selected-investor allocation.
• The 8.95 million eligible-persons shares — for directors, staff and contributors — were fully subscribed too.

What's changed since the price was set

• SKA Rekabina accepted RM89.28 million in new TNB contracts on 26 October — cabling and substation work in three states.
• That adds to a RM313.4 million order book already secured before the listing.
• PublicInvest forecasts 27% compound annual earnings growth over three years behind its fair-value view.

We first covered the pricing and timetable in What Is SKA Capital's IPO Price, and When Do Applications Close?. See every open and upcoming Bursa listing on Rates.my's IPO calendar, or compare brokers before the shares start trading.

What to watch

• 11 Nov 2026SKA Capital lists on Bursa's ACE Market at an indicative RM385.1 million market cap.
• Your CDS statementCheck your broker's app or CDS account for your actual share allotment.
• 5 Nov 2026Bank Negara's final 2026 MPC meeting.

Sources & further reading

• The Star — SKA Capital's ACE Market IPO oversubscribed 80.42 times (29 Oct 2026)
• The Edge Malaysia — SKA Capital's ACE Market IPO oversubscribed by 80.42 times (29 Oct 2026)
• The Edge Malaysia — PublicInvest values ACE Market-bound SKA Capital at 70 sen (26 Oct 2026)
• The Star — SKA Capital bags RM89mil TNB contracts (27 Oct 2026)
• Rates.my — What Is SKA Capital's IPO Price, and When Do Applications Close?
• Rates.my — Malaysia IPO calendar