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HAILY

ACE Shariah

Listed 21 Jul 2021 · Construction · Johor · Adviser: TA Securities Holdings Berhad

Key figures

IPO price
RM 0.68
Day 1 open
RM 0.79
Day 1 close
RM 0.74
Current price
RM 0.22
Day 1 open %
+16.2%
Day 1 close %
+8.8%
Since listing
-27.9%
Oversubscription
26.69x
Market cap
RM 42.1 M
Offer size
48 M
Enlarged shares
61.93 M
Float
77.51%

Offer structure

TrancheShares% of offer
Malaysian public (balloting)8.92 M18.6%
Private placement29.08 M60.6%
New shares issued30 M62.5%
Offer for sale18 M37.5%

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 +8.8% sits at P42 of its board · This IPO's since-listing of -27.9% sits at P25 of its board

Peers — ACE

SymbolListedIPO priceDay 1 closeSince listingMarket cap
RTECH 17 Feb 2025 RM 0.25 +28.0% -16.0% RM 50.6 M
FLEXI 30 Mar 2021 RM 0.20 +115.0% -35.0% RM 56.8 M
VOLCANO 06 Apr 2021 RM 0.35 +38.6% +21.4% RM 57.8 M
OFB 04 Jul 2024 RM 0.28 +175.0% -28.6% RM 58.8 M
CAMAROE [NS] 02 Oct 2025 RM 0.14 +7.1% -14.3% RM 69.3 M
ZANTAT 27 Mar 2024 RM 0.25 +50.0% -10.0% RM 70.0 M
VANZO 17 Dec 2024 RM 0.15 +10.0% -6.7% RM 70.0 M
SCB 13 Aug 2024 RM 0.27 +33.3% -50.0% RM 71.8 M

Audit

No audit published for this IPO.