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HAWK

ACE Shariah

Listed 05 Sep 2024 · Energy · Selangor · Adviser: UOB Kay Hian Securities (M) Sdn Bhd

Key figures

IPO price
RM 0.15
Day 1 open
RM 0.30
Day 1 close
RM 0.345
Current price
RM 0.29
Day 1 open %
+100.0%
Day 1 close %
+130.0%
Since listing
+93.3%
Oversubscription
276.83x
Market cap
RM 73.5 M
Offer size
134.7 M
Enlarged shares
490 M
Float
27.49%

Offer structure

TrancheShares% of offer
Malaysian public (balloting)24.5 M18.2%
Private placement97.95 M72.7%
New shares issued90 M66.8%
Offer for sale44.7 M33.2%

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 +130.0% sits at P93 of its board · This IPO's since-listing of +93.3% sits at P83 of its board

Peers — ACE

SymbolListedIPO priceDay 1 closeSince listingMarket cap
SCB 13 Aug 2024 RM 0.27 +33.3% -50.0% RM 71.8 M
ORGABIO 05 Jul 2022 RM 0.31 +9.7% +0.0% RM 76.8 M
VANZO 17 Dec 2024 RM 0.15 +10.0% -6.7% RM 70.0 M
ZANTAT 27 Mar 2024 RM 0.25 +50.0% -10.0% RM 70.0 M
GLXT 15 Aug 2023 RM 0.19 +34.2% +15.8% RM 77.3 M
OGM 27 Jan 2026 RM 0.25 -20.0% -46.0% RM 77.5 M
CAMAROE [NS] 02 Oct 2025 RM 0.14 +7.1% -14.3% RM 69.3 M
GOLDLI 18 May 2026 RM 0.13 -19.2% -15.4% RM 78.0 M

Audit

No audit published for this IPO.