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AGMO

ACE Shariah

Listed 18 Aug 2022 · Technology · Selangor · Adviser: Kenanga Investment Bank Berhad

Key figures

IPO price
RM 0.26
Day 1 open
RM 0.775
Day 1 close
RM 0.785
Current price
RM 0.355
Day 1 open %
+198.1%
Day 1 close %
+201.9%
Since listing
+36.5%
Oversubscription
120.15x
Market cap
RM 84.5 M
Offer size
85 M
Enlarged shares
325 M
Float
26.15%

Offer structure

TrancheShares% of offer
Malaysian public (balloting)16.25 M19.1%
Private placement62.25 M73.2%
New shares issued85 M100.0%
Offer for sale0 M0.0%

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 +201.9% sits at P98 of its board · This IPO's since-listing of +36.5% sits at P65 of its board

Peers — ACE

SymbolListedIPO priceDay 1 closeSince listingMarket cap
ACO 18 Mar 2020 RM 0.28 -42.9% -30.4% RM 84.0 M
MNHLDG 28 Apr 2022 RM 0.21 +11.9% +623.8% RM 85.8 M
TCS 23 Jul 2020 RM 0.23 +95.7% -33.3% RM 82.8 M
MBN [NS] 25 Jul 2023 RM 0.21 +28.6% -54.8% RM 81.1 M
OPTIMAX 18 Aug 2020 RM 0.30 +126.7% +280.0% RM 81.0 M
KHB [NS] 08 Oct 2024 RM 0.20 +7.5% -45.0% RM 80.5 M
COSMOS [NS] 06 Oct 2022 RM 0.35 +60.0% -17.1% RM 89.8 M
MINOX 17 Oct 2023 RM 0.25 +48.0% -28.6% RM 90.0 M

Audit

No audit published for this IPO.