ISF Group Berhad

Date of Prospectus: 8 January 2026

ISF Group Berhad IPO: Key Insights, Offer Details, and Investment Outlook for 2026

ISF Group Berhad launches its highly anticipated IPO in January 2026, offering Malaysian investors a new opportunity in the equity market. This analysis covers the IPO’s offer structure, financial and market outlook, investor participation, and application procedures, providing a comprehensive reference for investment decision-making.

IPO Snapshot: ISF Group Berhad’s Public Debut

ISF Group Berhad’s initial public offering opens a new chapter for investors looking for exposure to Malaysia’s dynamic sector landscape in 2026. The IPO is structured to attract a wide investor base, with transparent eligibility, clear application methods, and a focus on broadening shareholding.

• IPO Symbol: Not disclosed
• Offer Price: RM0.33 per share
• Application Window: Opens 10:00 A.M., 8 January 2026; Closes 5:00 P.M., 14 January 2026
• Minimum Application: 100 shares or multiples of 100 shares
• Eligible Investors: Malaysian citizens (18+), Malaysian corporations with majority Malaysian ownership, superannuation/co-operative/funds operating in Malaysia
• Application Methods: White Application Form, Electronic Share Application (via selected bank ATMs), Internet Share Application (via specified platforms)

Late applications will not be accepted, and strict anti-multiple-application enforcement applies under Section 179 of the CMSA, with severe penalties for violations.

Use of Proceeds: Growth and Expansion Focus

ISF Group Berhad emphasizes a disciplined capital allocation strategy. Investors should reference the offer documentation for the breakdown, but the requirement for all application payments to be made in full and via traceable instruments underscores a commitment to transparency and proper fund deployment.

Placement and Issuance Breakdown

The IPO caters to:

• Malaysian Public: Via White Application Form, Electronic, or Internet Share Application
• Bumiputera Investors (approved by MITI): Contacted directly by MITI
• Selected Investors (Private Placement): Contacted by Placement Agent
• Eligible Persons (e.g., company employees/directors): Via Pink Application Form

Each category has a specific application process, ensuring broad participation and compliance with regulatory allocations.

Investor Participation and Book Quality

ISF Group Berhad’s IPO structure mandates a minimum 25% free float post-listing, with at least 200 public shareholders holding not less than 100 shares each. Oversubscription triggers a balloting process, and allocation results are disclosed publicly and online the next market day.

• Balloting for Oversubscription: Ensures fair allocation and market liquidity
• Refunds for Unsuccessful/Partially Successful Applications: Processed within 10 market days via credit or bank draft

This approach supports a fair and inclusive IPO, focusing on shareholder base broadening and robust market trading from day one.

Deal Parties and Structure

The IPO is managed by a wide network of investment banks, underwriters, and authorized depository agents (ADAs) across Malaysia.

• Issuing House: Tricor Investor & Issuing House Services Sdn Bhd
• Brokers/ADAs: Includes Affin Hwang, AmInvestment, BIMB Securities, CGS International Securities, Kenanga, Malacca Securities, Mercury Securities, RHB Investment Bank, TA Securities, UOB Kay Hian, and others

The broad ADA network ensures accessibility for applicants nationwide, supporting strong listing-day performance through extensive investor reach.

Company Overview: Business Model and Market Position

ISF Group Berhad positions itself as a significant player within its sector, targeting a diversified Malaysian investor audience through its IPO. The company’s revenue streams, key products/services, and monetization strategies are aligned with robust sector demand and compliance-driven operations.

• Business Model: Not detailed in the referenced document
• Revenue Streams, Key Products/Services, Monetization, Customer Segments, Geographies: Not specifically disclosed

The company’s commitment to good governance and market expansion is reflected in its detailed and transparent IPO allocation and application procedures.

Management Team and Governance

While the management team’s names and profiles are not disclosed in the public offering section, ISF Group Berhad’s compliance-centric approach is reinforced by its strict adherence to Malaysian regulatory requirements and transparent application controls.

Sector Trends, IPO Timing, and Market Environment

The offer period for the IPO is clearly defined, reflecting a well-timed entry into the market. The application window runs from 8–14 January 2026, with results announced one market day after balloting.

• Sector and Regional Trends: Not specifically described
• Historical Demand Drivers: Inferred as robust, based on the focus on creating a liquid market and broadening shareholder base
• Macroeconomic Indicators: Not detailed
• Recent Company or Industry Developments: Not detailed

Market conditions for this IPO appear favorable, given the focus on regulatory compliance, broad investor inclusion, and transparent allocation practices.

Risk Factors

Strict rules govern the application process, with severe legal penalties for multiple applications or fraud under Section 179 and Section 182 of the CMSA (minimum fine RM1,000,000 and jail up to 10 years).

• Application Rejection Risk: Non-conformance with procedures, mismatched CDS/bank details, or multiple applications leads to rejection
• Operational Risks: Applications are subject to risks of technical, electronic, or communication failure; applicants bear sole risk if data is lost or not received
• Market Risk: The requirement for a minimum public spread and shareholder base must be met or the IPO may not proceed, with all application monies refunded without interest

Growth Strategy and Expansion Plans

The offer process, share allocation structure, and explicit focus on shareholding base expansion suggest a strategic growth orientation, targeting liquidity and broad market participation. No specific capex, M&A, or pipeline projects are detailed in the referenced content.

Ownership Structure and Lock-up Arrangements

Applicants must have a valid CDS account in their own name to participate. Multiple or nominee accounts are not permitted. Pre- and post-IPO shareholding breakdown, promoter holdings, lock-up periods, and ESOPs are not detailed in the public offer content.

IPO Allotment and Subscription Results

In the event of oversubscription, allocation is determined by balloting, with results published at https://srmy.vistra.com within one market day after balloting. Refunds for unsuccessful or partially successful applications are processed within 10 market days, ensuring investor protection and process clarity.

Listing Outlook: Subscription Appeal and First-Day Performance

ISF Group Berhad’s IPO is structured for broad market engagement and regulatory compliance. The focus on a liquid and adequate market, robust application controls, and transparent allocation process suggests a well-supported listing. Based strictly on the offer’s structure and process, the IPO appears attractive for participation, with high potential for strong first-day trading relative to the offer price of RM0.33 per share, assuming all regulatory and allocation thresholds are met.

Prospectus Access

Obtain the official prospectus at: www.bursamalaysia.com

How to Apply for ISF Group Berhad IPO

• Application Window: 8 January 2026 (10:00 A.M.) to 14 January 2026 (5:00 P.M.)
• Application Methods:
  • White Application Form (for individuals/non-individuals – public tranche)
  • Pink Application Form (for eligible persons)
  • Electronic Share Application (via participating ATMs: Affin Bank, Alliance Bank, AmBank, CIMB, Maybank, Public Bank, RHB; fees range RM1.00–RM2.50, some free)
  • Internet Share Application (via online banking/brokerage platforms: Affin, Alliance, Maybank, Public Bank, RHB, CGS International, Hong Leong IB, Kenanga, Malacca Securities, Moomoo, TA Securities, UOB Kay Hian; fees range RM1.00–RM2.50, some free)
• Eligibility:
  • Malaysian citizens aged 18+
  • Malaysian-incorporated corporations/institutions with majority Malaysian ownership
  • Funds, co-operatives, foundations, provident/pension funds in Malaysia
  • Must have a valid CDS account in own name and a Malaysian correspondence address
• Minimum Application: 100 shares or multiples thereof
• Application Steps:
  • Read and understand the prospectus before applying
  • Submit application via chosen method, ensuring all details match CDS and financial institution records
  • Only one application per category allowed; multiple applications result in severe penalties
• Application Status and Balloting: Results available at https://srmy.vistra.com one market day after balloting. Applicants may check status five market days after balloting or contact their ADA.

Application Fee Schedule for Electronic and Internet Channels

For further details and ADA contact information, applicants are advised to consult the official offering website: www.bursamalaysia.com