Kuala lumpur: LifTech Group Bhd's initial public offering (IPO) shares made available to the Malaysian public were oversubscribed by 18.92 times ahead of its listing on the ACE Market of Bursa Malaysia on June 30, 2026.

According to BERNAMA News Agency, the industrial lifting and handling equipment company stated in a filing with Bursa Malaysia that a total of 5,636 applications for 314.74 million issue shares, valued at RM91.3 million, were received from the Malaysian public for the 15.80 million issue shares made available for application.

For the Bumiputera portion, a total of 2,960 applications for 161.55 million issue shares were received, which represents an oversubscription rate of 19.45 times. For the public portion, a total of 2,676 applications for 153.24 million issue shares were received, representing an oversubscription rate of 18.40 times.

LifTech reported that a total of 7.24 million issue shares allocated to eligible persons were fully subscribed. Additionally, the 32.63 million issue shares made available via private placement to selected investors were also fully allotted.

A total of 39.37 million IPO shares allocated to selected Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI) were fully placed out. In the private placement to Bumiputera investors approved by MITI and selected investors, a total of 72 million shares was allocated to 202 investors.