HEGROUP
ACE
Shariah
Key figures
- IPO price
- RM 0.28
- Day 1 open
- RM 0.43
- Day 1 close
- RM 0.325
- Current price
- RM 0.31
- Day 1 open %
- +53.6%
- Day 1 close %
- +16.1%
- Since listing
- +10.7%
- Oversubscription
- 63.35x
- Market cap
- RM 123.2 M
- Offer size
- 130.89 M
- Enlarged shares
- 440 M
- Float
- 29.75%
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 M | 16.8% |
| Private placement | 97.89 M | 74.8% |
| New shares issued | 86.89 M | 66.4% |
| Offer for sale | 44 M | 33.6% |
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 +16.1% sits at P54 of its board · This IPO's since-listing of +10.7% sits at P58 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| KEEMING | 12 Feb 2026 | RM 0.38 | +129.0% | +563.2% | RM 123.5 M |
| ELSA | 16 Jun 2026 | RM 0.23 | +19.6% | -8.7% | RM 123.8 M |
| SBS | 20 Jan 2026 | RM 0.25 | -4.0% | -54.0% | RM 122.5 M |
| PENTECH | 15 Jun 2026 | RM 0.20 | +30.0% | +70.0% | RM 124.0 M |
| TOPMIX | 23 Apr 2024 | RM 0.31 | +35.5% | +48.4% | RM 122.1 M |
| MSB | 15 Apr 2025 | RM 0.20 | -15.0% | -57.5% | RM 122.0 M |
| MMCS | 11 Jun 2026 | RM 0.22 | +2.3% | +54.5% | RM 124.7 M |
| SUM | 18 Jun 2026 | RM 0.28 | +87.5% | +171.4% | RM 126.0 M |
Audit
No audit published for this IPO.