NATGATE
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.38
- Day 1 open
- RM 0.81
- Day 1 close
- RM 1.00
- Current price
- RM 0.965
- Day 1 open %
- +113.2%
- Day 1 close %
- +163.2%
- Since listing
- +154.0%
- Oversubscription
- 16.49x
- Market cap
- RM 788.1 M
- Offer size
- 725.88 M
- Enlarged shares
- 2073.93 M
- Float
- 35%
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) | 103.7 M | 14.3% |
| Bumiputera / MITI | 259.24 M | 35.7% |
| Private placement | 259.242 M | 35.7% |
| New shares issued | 435.53 M | 60.0% |
| Offer for sale | 290.35 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 +163.2% sits at P95 of its board · This IPO's since-listing of +154.0% sits at P88 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| LSH | 21 Mar 2025 | RM 0.88 | -5.7% | +111.4% | RM 737.8 M |
| KOPI | 23 Jan 2025 | RM 0.44 | +98.9% | +184.1% | RM 880.0 M |
| SAG | 05 Jun 2025 | RM 0.62 | +12.9% | +32.3% | RM 620.0 M |
| ELRIDGE | 22 Aug 2024 | RM 0.29 | +37.9% | +244.8% | RM 580.0 M |
| AQUAWALK | 19 Nov 2025 | RM 0.31 | +22.6% | +12.9% | RM 571.3 M |
| CBHB | 16 Jan 2025 | RM 0.28 | +19.6% | +50.0% | RM 526.6 M |
| UNITRAD [NS] | 14 Jun 2022 | RM 0.32 | -6.2% | -25.0% | RM 500.0 M |
| GTA | 08 Sep 2026 | RM 0.35 | -4.3% | -28.6% | RM 452.0 M |
Audit
No audit published for this IPO.