AQUAWALK
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.31
- Day 1 open
- RM 0.30
- Day 1 close
- RM 0.38
- Current price
- RM 0.35
- Day 1 open %
- -3.2%
- Day 1 close %
- +22.6%
- Since listing
- +12.9%
- Oversubscription
- 6.22x
- Market cap
- RM 571.3 M
- Offer size
- 737.2 M
- Enlarged shares
- 1843 M
- Float
- 40%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 92.15 M | 12.5% |
| Bumiputera / MITI | 230.38 M | 31.3% |
| Private placement | 409.989 M | 55.6% |
| New shares issued | 368.6 M | 50.0% |
| Offer for sale | 368.6 M | 50.0% |
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 +22.6% sits at P58 of its board · This IPO's since-listing of +12.9% sits at P59 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| ELRIDGE | 22 Aug 2024 | RM 0.29 | +37.9% | +244.8% | RM 580.0 M |
| CBHB | 16 Jan 2025 | RM 0.28 | +19.6% | +50.0% | RM 526.6 M |
| SAG | 05 Jun 2025 | RM 0.62 | +12.9% | +32.3% | RM 620.0 M |
| UNITRAD [NS] | 14 Jun 2022 | RM 0.32 | -6.2% | -25.0% | RM 500.0 M |
| GDGROUP | 16 Apr 2026 | RM 0.45 | -11.1% | -11.1% | RM 450.0 M |
| LSH | 21 Mar 2025 | RM 0.88 | -5.7% | +111.4% | RM 737.8 M |
| NATGATE | 12 Jan 2023 | RM 0.38 | +163.2% | +154.0% | RM 788.1 M |
| SNS | 02 Sep 2022 | RM 0.25 | +6.0% | +102.0% | RM 403.2 M |
Audit
No audit published for this IPO.