Swift Energy Technology Berhad IPO: Expansion Plans & Investment Opportunities

​Explore Swift Energy Technology Berhad’s IPO, raising RM70.06 million to expand facilities, enhance R&D in Shah Alam, and grow into Indonesia. Learn about its business activities, key markets, and industries served.

Swift Energy Technology Berhad will be listed on Bursa Malaysia next year. 08/01/2025

Swift Energy Technology Berhad is gearing up for its Initial Public Offering (IPO), aiming to raise RM70.06 million through the issuance of 250.2 million new shares and an offer for sale of 50.04 million existing shares. This strategic move positions the company as a growing force in renewable and industrial energy solutions, while also highlighting its expansionary vision across Southeast Asia and beyond.

Business Activities and Revenue Streams
Swift Energy Technology Berhad specializes in industrial automation and power systems through:

• Process Control Systems
• Power Distribution Systems
• EX Solar PV Systems
• Other advanced automation systems

Additionally, the company offers:

• Distribution of Power and Industrial Electrical Products
• Technical Services Provision

Key User Industries
Swift Energy serves a range of industries, primarily focusing on:

1. Major User Industries:
   • Oil and Gas
   • Grains, Edible Oils, and Food Processing
2. Other Industries:
   • Utilities
   • Other specialized industrial sectors

Geographic Markets
Swift Energy operates in diverse geographic regions, with a strong presence in:

1. Major Markets:
   • Malaysia
   • China
   • Thailand
   • Singapore
2. Emerging and Secondary Markets:
   • South Africa
   • Indonesia
   • Ghana
   • Vietnam
   • Papua New Guinea
   • Other markets

Distribution Channels and Customer Base
The company utilizes a mix of direct and indirect distribution channels:

1. Indirect Distribution:
   • EPCC (Engineering, Procurement, Construction, and Commissioning) Companies
   • Engineering Firms
   • Resellers
2. Direct Distribution:
   • Manufacturing and Processing Plant Owners/Operators
   • Equipment Manufacturers

IPO Proceeds Allocation
The funds raised will be directed toward:

• Expanding fabrication and R&D facilities in Shah Alam
• Market expansion into Indonesia, including establishing a subsidiary and office in Jakarta
• Debt repayment, working capital needs, and IPO-related expenses

Conclusion
​Swift Energy Technology Berhad is uniquely positioned to cater to industrial automation and power system needs across diverse markets and industries. The IPO represents a significant step forward, enabling the company to drive innovation, expand operations, and strengthen its market presence in the renewable energy and industrial sectors.

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To apply for an IPO in Malaysia, you need a 15-digit Direct CDS Account Number.

Steps to Register for a Direct CDS Account:

1. Download the M+ Global app.
2. Complete the sign-up process online.
3. Select the Malaysia Market option.
4. Enter the invitation code: UBZQ.
5. Pay RM11 to register your Bursa Direct CDS number.
6. Wait for an email confirmation of your account.

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Take control of your IPO investments today with a Direct CDS Account!