ALPHA [NS]
ACE
MITI
Key figures
- IPO price
- RM 0.32
- Day 1 open
- RM 0.32
- Day 1 close
- RM 0.32
- Current price
- RM 0.30
- Day 1 open %
- +0.0%
- Day 1 close %
- +0.0%
- Since listing
- -6.2%
- Oversubscription
- 1.73x
- Market cap
- RM 1.56 B
- Offer size
- 1458 M
- Enlarged shares
- 4860 M
- Float
- 30%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 194.4 M | 13.3% |
| Bumiputera / MITI | 607.5 M | 41.7% |
| Private placement | 631.8 M | 43.3% |
| New shares issued | 364.5 M | 25.0% |
| Offer for sale | 1093.5 M | 75.0% |
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 +0.0% sits at P26 of its board · This IPO's since-listing of -6.2% sits at P48 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| KOPI | 23 Jan 2025 | RM 0.44 | +98.9% | +184.1% | RM 880.0 M |
| NATGATE | 12 Jan 2023 | RM 0.38 | +163.2% | +154.0% | RM 788.1 M |
| LSH | 21 Mar 2025 | RM 0.88 | -5.7% | +111.4% | RM 737.8 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 |
Audit
No audit published for this IPO.