CHEEDING
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.36
- Day 1 open
- RM 0.70
- Day 1 close
- RM 0.735
- Current price
- RM 0.795
- Day 1 open %
- +94.4%
- Day 1 close %
- +104.2%
- Since listing
- +120.8%
- Oversubscription
- 40.87x
- Market cap
- RM 287.0 M
- Offer size
- 208 M
- Enlarged shares
- 797.26 M
- Float
- 26.09%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 39.86 M | 19.2% |
| Bumiputera / MITI | 99.66 M | 47.9% |
| Private placement | 60.311 M | 29.0% |
| New shares issued | 143 M | 68.8% |
| Offer for sale | 65 M | 31.2% |
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 +104.2% sits at P89 of its board · This IPO's since-listing of +120.8% sits at P86 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| CNERGEN | 24 May 2022 | RM 0.58 | +0.0% | -27.6% | RM 288.8 M |
| SET | 08 Jan 2025 | RM 0.28 | +41.1% | -26.8% | RM 280.2 M |
| WENTEL | 06 Feb 2024 | RM 0.26 | +7.7% | +11.5% | RM 299.0 M |
| THMY | 23 Oct 2025 | RM 0.31 | +193.6% | +190.3% | RM 275.3 M |
| SCGBHD | 16 Oct 2020 | RM 0.34 | -2.9% | +514.7% | RM 272.0 M |
| CREST | 09 Oct 2024 | RM 0.35 | +0.0% | -41.4% | RM 303.0 M |
| PMW | 18 Nov 2025 | RM 0.34 | +1.5% | -10.3% | RM 303.3 M |
| CENGILD | 18 Apr 2022 | RM 0.33 | +40.9% | -34.8% | RM 270.2 M |
Audit
No audit published for this IPO.