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ANEKA

ACE Shariah MITI

Listed 20 Oct 2020 · Construction · Kuala Lumpur · Adviser: Alliance Investment Bank Berhad

Key figures

IPO price
RM 0.33
Day 1 open
RM 0.35
Day 1 close
RM 0.29
Current price
RM 0.13
Day 1 open %
+6.1%
Day 1 close %
-12.1%
Since listing
-60.6%
Oversubscription
12.70x
Market cap
RM 177.6 M
Offer size
139.89 M
Enlarged shares
538.1 M
Float
26%

Offer structure

TrancheShares% of offer
Malaysian public (balloting)26.91 M19.2%
Bumiputera / MITI53.81 M38.5%
Private placement45.721 M32.7%
New shares issued139.89 M100.0%

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 -12.1% sits at P9 of its board · This IPO's since-listing of -60.6% sits at P6 of its board

Peers — ACE

SymbolListedIPO priceDay 1 closeSince listingMarket cap
AMS 23 Apr 2026 RM 0.29 +5.2% +56.9% RM 177.5 M
NESTCON 29 Jun 2021 RM 0.28 +14.3% +12.5% RM 180.3 M
ADB [NS] 09 May 2023 RM 0.33 +127.3% +115.1% RM 181.7 M
3REN [NS] 06 Nov 2024 RM 0.28 +41.1% +48.2% RM 182.0 M
PSP 04 Dec 2025 RM 0.16 -9.4% -9.4% RM 171.0 M
TSA 02 Feb 2024 RM 0.55 +4.5% +30.9% RM 170.1 M
KJTS 26 Jan 2024 RM 0.27 +85.2% +370.4% RM 185.8 M
XPB 24 Sep 2025 RM 0.20 +12.5% -17.5% RM 186.9 M

Audit

No audit published for this IPO.