ADNEX Adnex Group
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.20
- Day 1 open
- RM 0.25
- Day 1 close
- RM 0.25
- Current price
- RM 0.385
- Day 1 open %
- +25.0%
- Day 1 close %
- +25.0%
- Since listing
- +92.5%
- Oversubscription
- 3.23x
- Market cap
- RM 100.0 M
- Offer size
- 130 M
- Enlarged shares
- 500 M
- Float
- 26%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 25 M | 19.2% |
| Bumiputera / MITI | 62.5 M | 48.1% |
| Private placement | 27.5 M | 21.2% |
| New shares issued | 90.5 M | 69.6% |
| Offer for sale | 39.5 M | 30.4% |
Board context — ACE
Across 204 ACE IPOs in the database: median day-1 close +14.7% (P25 +0.0%, P75 +48.0%), median since-listing -4.3%. 74.0% closed day 1 above their IPO price.
This IPO's day-1 close of +25.0% sits at P59 of its board · This IPO's since-listing of +92.5% sits at P82 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| TECHSTORE | 18 Feb 2025 | RM 0.20 | +10.0% | +42.5% | RM 100.0 M |
| RAMSSOL | 13 Jul 2021 | RM 0.45 | +13.3% | +122.0% | RM 100.4 M |
| JSSOLAR | 23 Sep 2025 | RM 0.31 | +29.0% | -12.9% | RM 100.8 M |
| SAMAIDEN | 15 Oct 2020 | RM 0.48 | +67.7% | +409.4% | RM 100.8 M |
| HKB | 09 Jun 2025 | RM 0.16 | -9.4% | -3.1% | RM 99.2 M |
| TRIMODE | 14 May 2018 | RM 0.61 | -13.9% | -72.1% | RM 101.3 M |
| KGW | 01 Aug 2023 | RM 0.21 | +9.5% | -14.3% | RM 101.4 M |
| AGRICOR | 21 Jun 2024 | RM 0.50 | +75.0% | -12.0% | RM 101.4 M |
Audit
No audit published for this IPO.