LGMS
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.50
- Day 1 open
- RM 0.60
- Day 1 close
- RM 0.845
- Current price
- RM 0.54
- Day 1 open %
- +20.0%
- Day 1 close %
- +69.0%
- Since listing
- +8.0%
- Oversubscription
- 25.39x
- Market cap
- RM 228.0 M
- Offer size
- 137 M
- Enlarged shares
- 456 M
- Float
- 30.04%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 22.8 M | 16.6% |
| Bumiputera / MITI | 57 M | 41.6% |
| Private placement | 44.695 M | 32.6% |
| New shares issued | 91.39 M | 66.7% |
| Offer for sale | 45.6 M | 33.3% |
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 +69.0% sits at P81 of its board · This IPO's since-listing of +8.0% sits at P54 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| BWYS | 22 Jul 2024 | RM 0.22 | +59.1% | -4.5% | RM 225.6 M |
| BETA | 26 Oct 2022 | RM 0.50 | +42.0% | +0.0% | RM 225.0 M |
| MERSEC [NS] | 19 Sep 2023 | RM 0.25 | +20.0% | +26.0% | RM 223.2 M |
| GDB | 27 Mar 2018 | RM 0.35 | -7.1% | +61.7% | RM 218.8 M |
| PMCK | 09 Jul 2025 | RM 0.22 | +4.5% | -15.9% | RM 239.9 M |
| KTI | 19 Jun 2024 | RM 0.30 | -5.0% | +41.7% | RM 240.0 M |
| SFPTECH | 20 Jun 2022 | RM 0.30 | +123.3% | +45.0% | RM 240.0 M |
| INFOM | 25 Nov 2022 | RM 0.40 | +33.8% | +247.5% | RM 240.5 M |
Audit
No audit published for this IPO.