BWYS
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.22
- Day 1 open
- RM 0.32
- Day 1 close
- RM 0.35
- Current price
- RM 0.21
- Day 1 open %
- +45.5%
- Day 1 close %
- +59.1%
- Since listing
- -4.5%
- Oversubscription
- 48.51x
- Market cap
- RM 225.6 M
- Offer size
- 256.3 M
- Enlarged shares
- 1025.21 M
- Float
- 25%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 51.26 M | 20.0% |
| Bumiputera / MITI | 128.15 M | 50.0% |
| Private placement | 15.3777 M | 6.0% |
| New shares issued | 256.3 M | 100.0% |
| Offer for sale | 100 M | 39.0% |
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 +59.1% sits at P78 of its board · This IPO's since-listing of -4.5% sits at P50 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| BETA | 26 Oct 2022 | RM 0.50 | +42.0% | +0.0% | RM 225.0 M |
| MERSEC [NS] | 19 Sep 2023 | RM 0.25 | +20.0% | +26.0% | RM 223.2 M |
| LGMS | 08 Jun 2022 | RM 0.50 | +69.0% | +8.0% | RM 228.0 M |
| GDB | 27 Mar 2018 | RM 0.35 | -7.1% | +61.7% | RM 218.8 M |
| COLFORM | 10 Feb 2025 | RM 0.36 | +8.3% | -18.1% | RM 216.0 M |
| SYNERGY | 01 Jun 2023 | RM 0.43 | -18.6% | -27.9% | RM 215.0 M |
| PLYTEC | 15 Nov 2023 | RM 0.35 | -7.1% | -58.6% | RM 212.1 M |
| PMCK | 09 Jul 2025 | RM 0.22 | +4.5% | -15.9% | RM 239.9 M |
Audit
No audit published for this IPO.