GDB
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.35
- Day 1 open
- RM 0.36
- Day 1 close
- RM 0.325
- Current price
- RM 0.38
- Day 1 open %
- +2.9%
- Day 1 close %
- -7.1%
- Since listing
- +61.7%
- Oversubscription
- 43.00x
- Market cap
- RM 218.8 M
- Offer size
- 162.5 M
- Enlarged shares
- 625 M
- Float
- 26%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 12.5 M | 7.7% |
| Bumiputera / MITI | 71.88 M | 44.2% |
| Private placement | 63.125 M | 38.8% |
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 -7.1% sits at P14 of its board · This IPO's since-listing of +61.7% sits at P76 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| 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 |
| MERSEC [NS] | 19 Sep 2023 | RM 0.25 | +20.0% | +26.0% | RM 223.2 M |
| BETA | 26 Oct 2022 | RM 0.50 | +42.0% | +0.0% | RM 225.0 M |
| BWYS | 22 Jul 2024 | RM 0.22 | +59.1% | -4.5% | RM 225.6 M |
| PLYTEC | 15 Nov 2023 | RM 0.35 | -7.1% | -58.6% | RM 212.1 M |
| A1AKK | 11 Jul 2025 | RM 0.25 | -2.0% | -8.0% | RM 210.0 M |
| SUNLOGY | 20 Feb 2025 | RM 0.30 | +0.0% | -13.3% | RM 210.0 M |
Audit
No audit published for this IPO.