IAB
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.36
- Day 1 open
- RM 0.62
- Day 1 close
- RM 0.655
- Current price
- RM 0.915
- Day 1 open %
- +72.2%
- Day 1 close %
- +81.9%
- Since listing
- +154.2%
- Oversubscription
- 53.62x
- Market cap
- RM 198.0 M
- Offer size
- 148.5 M
- Enlarged shares
- 550 M
- Float
- 27%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 27.5 M | 18.5% |
| Bumiputera / MITI | 68.75 M | 46.3% |
| Private placement | 41.25 M | 27.8% |
| New shares issued | 121 M | 81.5% |
| Offer for sale | 27.5 M | 18.5% |
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 +81.9% sits at P84 of its board · This IPO's since-listing of +154.2% sits at P90 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| SSF | 12 Oct 2023 | RM 0.25 | +6.0% | +62.0% | RM 200.0 M |
| PPJACK [NS] | 01 Apr 2022 | RM 0.30 | +31.7% | +203.3% | RM 200.4 M |
| SBH | 08 Apr 2024 | RM 0.22 | +15.9% | -13.6% | RM 195.4 M |
| CLOUDPT | 29 May 2023 | RM 0.38 | +35.5% | +71.0% | RM 202.0 M |
| PTRB | 27 Sep 2022 | RM 0.36 | +2.8% | -20.8% | RM 192.6 M |
| OXB | 29 Jul 2025 | RM 0.29 | +32.8% | +10.3% | RM 205.9 M |
| PEKAT | 23 Jun 2021 | RM 0.32 | +154.7% | +378.1% | RM 206.4 M |
| TEAMSTR | 25 Feb 2026 | RM 0.26 | -9.6% | -3.9% | RM 208.0 M |
Audit
No audit published for this IPO.