EFRAME
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.28
- Day 1 open
- RM 0.345
- Day 1 close
- RM 0.37
- Current price
- RM 0.355
- Day 1 open %
- +23.2%
- Day 1 close %
- +32.1%
- Since listing
- +57.8%
- Oversubscription
- 40.23x
- Market cap
- RM 91.0 M
- Offer size
- 65 M
- Enlarged shares
- 325 M
- Float
- 20%
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) | 16.25 M | 25.0% |
| Bumiputera / MITI | 32.5 M | 50.0% |
| Private placement | 13 M | 20.0% |
| New shares issued | 65 M | 100.0% |
| Offer for sale | 32.5 M | 50.0% |
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 +32.1% sits at P65 of its board · This IPO's since-listing of +57.8% sits at P76 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| ASM | 02 Jul 2025 | RM 0.17 | -2.9% | -17.6% | RM 90.9 M |
| SRKKAI | 09 Jul 2026 | RM 0.32 | +90.6% | +37.5% | RM 90.9 M |
| LIFTECH | 30 Jun 2026 | RM 0.29 | -17.2% | -39.7% | RM 91.3 M |
| MOBILIA | 23 Feb 2021 | RM 0.23 | +141.3% | -26.9% | RM 92.0 M |
| HSSBAKERY | 23 Jun 2026 | RM 0.18 | +0.0% | -27.8% | RM 90.0 M |
| MINOX | 17 Oct 2023 | RM 0.25 | +48.0% | -28.6% | RM 90.0 M |
| SEMICO | 13 Jan 2026 | RM 0.25 | +50.0% | +150.0% | RM 90.0 M |
| COSMOS [NS] | 06 Oct 2022 | RM 0.35 | +60.0% | -17.1% | RM 89.8 M |
Audit
No audit published for this IPO.