ELRIDGE
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.29
- Day 1 open
- RM 0.34
- Day 1 close
- RM 0.40
- Current price
- RM 1.00
- Day 1 open %
- +17.2%
- Day 1 close %
- +37.9%
- Since listing
- +244.8%
- Oversubscription
- 28.78x
- Market cap
- RM 580.0 M
- Offer size
- 700 M
- Enlarged shares
- 2000 M
- Float
- 35%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 80 M | 11.4% |
| Bumiputera / MITI | 250 M | 35.7% |
| Private placement | 350 M | 50.0% |
| New shares issued | 350 M | 50.0% |
| Offer for sale | 350 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 +37.9% sits at P69 of its board · This IPO's since-listing of +244.8% sits at P94 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| AQUAWALK | 19 Nov 2025 | RM 0.31 | +22.6% | +12.9% | RM 571.3 M |
| SAG | 05 Jun 2025 | RM 0.62 | +12.9% | +32.3% | RM 620.0 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 |
| LSH | 21 Mar 2025 | RM 0.88 | -5.7% | +111.4% | RM 737.8 M |
| GDGROUP | 16 Apr 2026 | RM 0.45 | -11.1% | -11.1% | RM 450.0 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.