ISF ISF Group
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.33
- Day 1 open
- RM 0.50
- Day 1 close
- RM 0.48
- Current price
- RM 0.57
- Day 1 open %
- +51.5%
- Day 1 close %
- +45.5%
- Since listing
- +72.7%
- Oversubscription
- 31.14x
- Market cap
- RM 330.0 M
- Offer size
- 275.3 M
- Enlarged shares
- 1000 M
- Float
- 27.53%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 50 M | 18.2% |
| Bumiputera / MITI | 125 M | 45.4% |
| Private placement | 85.299 M | 31.0% |
| New shares issued | 185.3 M | 67.3% |
| Offer for sale | 90 M | 32.7% |
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 +45.5% sits at P74 of its board · This IPO's since-listing of +72.7% sits at P80 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| EIPOWER | 21 May 2026 | RM 0.48 | +14.6% | +45.8% | RM 336.0 M |
| BMS | 08 Dec 2025 | RM 0.22 | -20.4% | -9.1% | RM 338.8 M |
| LEFORM | 30 Nov 2022 | RM 0.23 | -19.6% | -26.1% | RM 340.6 M |
| SORENTO | 28 Oct 2024 | RM 0.37 | +1.4% | +12.2% | RM 318.2 M |
| SUMI | 09 Apr 2025 | RM 0.24 | -25.0% | -62.5% | RM 346.5 M |
| VLB | 31 Jan 2023 | RM 0.33 | +18.2% | +36.4% | RM 311.6 M |
| PMW | 18 Nov 2025 | RM 0.34 | +1.5% | -10.3% | RM 303.3 M |
| CREST | 09 Oct 2024 | RM 0.35 | +0.0% | -41.4% | RM 303.0 M |
Audit
No audit published for this IPO.