Inspace Creation Berhad IPO Application Procedures: A Comprehensive Investor Guide

Key Points for Investors

• IPO Application Window: The IPO for Inspace Creation Berhad opens at 10:00 a.m., 13 April 2026 and closes at 5:00 p.m., 22 April 2026. Late applications will not be accepted, and any changes to these dates will be publicly announced.
• Application Methods:
  • Malaysian Public (Individuals): White Application Form, Electronic Share Application (ATM), or Internet Share Application.
  • Malaysian Public (Non-individuals): White Application Form only.
  • Eligible Persons (employees, etc.): Pink Application Form only.
  • Private Placement: Placement Agent will contact selected investors directly.
• Eligibility Criteria:
  • Applicants must have a Central Depository System (CDS) account registered in their own name and a correspondence address in Malaysia.
  • Applications must be for a minimum of 100 IPO shares, or multiples of 100.
  • Malaysian citizen, corporation with majority Malaysian directors and shareholders, or Malaysian-based funds and institutions.
  • Applicants cannot be directors or employees (or their immediate family members) of the Issuing House.
  • Strict prohibition against multiple applications in the same category — offenders face up to RM1,000,000 fine and 10 years jail under Section 182 of the CMSA.
• Application Procedures:
  • White Application Form: Obtain from TA Securities, participating Bursa Securities organizations, banks, the Issuing House, or the Company; submit by post or hand before deadline with full payment and required documents.
  • Electronic Share Application: Malaysian individuals only, via ATM of participating banks, with processing fees ranging from free to RM2.50 depending on the bank.
  • Internet Share Application: Via designated bank/broker websites, fees vary from free to RM2.50.
• Payment: IPO price is RM0.25 per share. Payment must be made in full, and details must match CDS account information.
• Handling of Applications:
  • Applications may be rejected for discrepancies, incomplete information, or improper payment.
  • In case of over-subscription, a ballot will be held to ensure fair allocation and to broaden the investor base.
  • Refunds for unsuccessful or partially successful applications will be processed within 10 market days after balloting.
  • Shares will be credited directly to CDS accounts. No physical share certificates will be issued.
• Listing Requirements: At least 25% of Inspace Creation Berhad’s issued share capital must be held by at least 200 public shareholders with minimum 100 shares each upon listing. Failure to meet this requirement may halt the listing and trigger full refunds.
• Price-Sensitive Information:
  • If the IPO is over-subscribed, shares may be allocated via ballot, potentially limiting retail investors’ allocations.
  • If under-subscribed, underwriters are bound to take up the unsold shares, ensuring the IPO proceeds but possibly affecting aftermarket liquidity and price.
  • Strict compliance requirements and rejection risks mean that investors should ensure all details are accurate, especially regarding CDS account and payment information.
  • Any delay or failure to meet the minimum public spread requirement could result in IPO cancellation, which would be a major price-moving event.
• Risks & Technical Issues:
  • Applications via ATM or internet are subject to risks such as technical failures, data corruption, or communication errors. If an application is not received, no claims can be made against the Company or Issuing House.
• Enquiries & Support: Investors can check application status on the Issuing House website after allotment. A detailed list of Authorised Depository Agents (ADAs) across Malaysia is provided for support.

Important Shareholder Information & Potential Price Sensitivities

• Over/Under-Subscription Impact: Over-subscription may signal strong demand and could positively impact post-listing share price. Under-subscription, filled by underwriters, may signal weak demand and could pressure the share price after listing.
• Public Spread Requirement: Any failure to meet Bursa’s listing requirement of minimum 25% public spread and 200 shareholders could halt the IPO’s listing, a highly price-sensitive event.
• Strict Anti-Multiple Application Rules: Regulatory enforcement of CMSA rules means serious consequences for improper applications; this ensures fair allocation but may penalize careless applicants.
• No Physical Shares: All IPO shares will be credited to CDS accounts; no physical certificates. This is in line with Bursa Malaysia’s electronic trading requirements.
• Refund Process: Refunds for unsuccessful applicants will be processed promptly, but investors must ensure their bank and CDS account details are current to avoid delays.
• Technical Risks: Applications via electronic means are subject to risks (e.g., ATM failures, internet outages); missed applications due to such issues cannot be claimed.

Investor Action Points

1. Ensure you have a valid CDS account and all personal details are up-to-date with Bursa Depository.
2. Choose your preferred application method and follow instructions precisely; ensure payment matches application details.
3. Apply for a minimum of 100 shares or multiples thereof; avoid multiple applications to prevent regulatory penalties.
4. If applying via electronic or internet methods, ensure sufficient funds and follow all on-screen instructions.
5. Monitor announcements from Inspace Creation, Bursa Malaysia, and the Issuing House for any changes to IPO timing or procedures.
6. If over-subscription occurs, allocation will be by ballot — not all applicants may get their desired amount.
7. After allotment, check your CDS account and Issuing House website for confirmation.

Disclaimer

This article is intended for informational purposes only and does not constitute investment advice or a solicitation to buy or sell securities. Investors should read the official Inspace Creation Berhad prospectus and consult with their financial advisor before making any investment decisions. The content herein is based on official IPO procedures and may change subject to regulatory or company announcements.

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