UNIPAC United Asiapac Energy Berhad
ACE
Shariah
Key figures
- IPO price
- RM 0.35
- Day 1 open
- RM 0.35
- Day 1 close
- RM 0.31
- Current price
- RM 0.235
- Day 1 open %
- +0.0%
- Day 1 close %
- -11.4%
- Since listing
- -32.9%
- Oversubscription
- 21.02x
- Market cap
- RM 192.5 M
- Float
- 25.31%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % |
|---|---|---|
| Malaysian Public via balloting | 27.5 M | 5% |
| Eligible Persons | 10 M | 1.82% |
Source: company prospectus, PDF page 42.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Acquisition of well intervention tools and equipment | 23,260 | 47.7% |
| Recruitment of engineers for the introduction of new well intervention solutions | 2,400 | 4.9% |
| Acquisition of a new corporate office | 5,500 | 11.3% |
| Repayment of bank borrowing | 2,843 | 5.8% |
| Expansion of workforce | 5,280 | 10.8% |
| Working capital | 4,544 | 9.3% |
| Estimated listing expenses | 4,900 | 10.1% |
Source: company prospectus, PDF page 49.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2026 | 39,062 | 11,329 | 29.00% | 2.06 |
| FYE2023 | 32,498 | 3,262 | 10.04% | 0.59 |
| FYE2024 | 44,434 | 5,140 | 11.57% | 0.93 |
| FYE2025 | 36,950 | 6,981 | 18.89% | 1.27 |
Latest-FY revenue growth: -16.84%. PE at the IPO price: 27.56. Source: company prospectus (verified excerpts), PDF page 38.
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 -11.4% sits at P11 of its board · This IPO's since-listing of -32.9% sits at P23 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| PTRB | 27 Sep 2022 | RM 0.36 | +2.8% | -20.8% | RM 192.6 M |
| SBH | 08 Apr 2024 | RM 0.22 | +15.9% | -13.6% | RM 195.4 M |
| IAB | 27 Oct 2025 | RM 0.36 | +81.9% | +154.2% | RM 198.0 M |
| XPB | 24 Sep 2025 | RM 0.20 | +12.5% | -17.5% | RM 186.9 M |
| KJTS | 26 Jan 2024 | RM 0.27 | +85.2% | +370.4% | RM 185.8 M |
| SSF | 12 Oct 2023 | RM 0.25 | +6.0% | +62.0% | RM 200.0 M |
| PPJACK [NS] | 01 Apr 2022 | RM 0.30 | +31.7% | +203.3% | RM 200.4 M |
| CLOUDPT | 29 May 2023 | RM 0.38 | +35.5% | +71.0% | RM 202.0 M |
Audit
No audit published for this IPO.