MFGROUP Manforce Group
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.38
- Day 1 open
- RM 0.375
- Day 1 close
- RM 0.375
- Current price
- RM 0.275
- Day 1 open %
- -1.3%
- Day 1 close %
- -1.3%
- Since listing
- -27.6%
- Oversubscription
- 2.07x
- Market cap
- RM 152.0 M
- Offer size
- 100 M
- Enlarged shares
- 399.98 M
- Float
- 25%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 20 M | 20.0% |
| Bumiputera / MITI | 50 M | 50.0% |
| Private placement | 19.998 M | 20.0% |
| New shares issued | 80 M | 80.0% |
| Offer for sale | 20 M | 20.0% |
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 -1.3% sits at P22 of its board · This IPO's since-listing of -27.6% sits at P26 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| AGX | 07 Feb 2024 | RM 0.35 | +2.9% | +28.6% | RM 151.5 M |
| CLITE | 26 Mar 2025 | RM 0.25 | -8.0% | -4.0% | RM 150.0 M |
| KUCINGKO [NS] | 26 Jul 2024 | RM 0.30 | +90.0% | -70.0% | RM 150.0 M |
| YEWLEE | 07 Jun 2022 | RM 0.28 | +3.6% | +62.0% | RM 149.1 M |
| SINKUNG | 15 May 2024 | RM 0.13 | +7.7% | -19.2% | RM 156.0 M |
| SMART | 28 May 2024 | RM 0.40 | +15.0% | -53.8% | RM 147.9 M |
| CRPMATE | 05 Dec 2024 | RM 0.20 | +5.0% | -12.5% | RM 147.6 M |
| TAGHILL | 28 Feb 2022 | RM 0.30 | +3.3% | -78.2% | RM 146.9 M |
Audit
No audit published for this IPO.