BETA
ACE
Shariah
Key figures
- IPO price
- RM 0.50
- Day 1 open
- RM 0.615
- Day 1 close
- RM 0.71
- Current price
- RM 0.50
- Day 1 open %
- +23.0%
- Day 1 close %
- +42.0%
- Since listing
- +0.0%
- Oversubscription
- 17.06x
- Market cap
- RM 225.0 M
- Offer size
- 112.5 M
- Enlarged shares
- 450 M
- Float
- 25%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 22.5 M | 20.0% |
| Private placement | 76.5 M | 68.0% |
| New shares issued | 67.5 M | 60.0% |
| Offer for sale | 45 M | 40.0% |
Board context: ACE
Across 217 ACE IPOs in the database: median day-1 close +13.5% (P25 +0.0%, P75 +45.7%), median since-listing -8.0%. 71.0% closed day 1 above their IPO price.
This IPO's day-1 close of +42.0% sits at P74 of its board · This IPO's since-listing of +0.0% sits at P55 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| BWYS | 22 Jul 2024 | RM 0.22 | +59.1% | -4.5% | RM 225.6 M |
| MERSEC [NS] | 19 Sep 2023 | RM 0.25 | +20.0% | +26.0% | RM 223.2 M |
| LGMS | 08 Jun 2022 | RM 0.50 | +69.0% | +8.0% | RM 228.0 M |
| GDB | 27 Mar 2018 | RM 0.35 | -7.1% | +61.7% | RM 218.8 M |
| COLFORM | 10 Feb 2025 | RM 0.36 | +8.3% | -18.1% | RM 216.0 M |
| SYNERGY | 01 Jun 2023 | RM 0.43 | -18.6% | -27.9% | RM 215.0 M |
| PLYTEC | 15 Nov 2023 | RM 0.35 | -7.1% | -58.6% | RM 212.1 M |
| PMCK | 09 Jul 2025 | RM 0.22 | +4.5% | -15.9% | RM 239.9 M |
Audit
No audit published for this IPO.