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MNHLDG

ACE Shariah MITI

Listed 28 Apr 2022 · Construction · Selangor · Adviser: M & A Securities Sdn Bhd

Key figures

IPO price
RM 0.21
Day 1 open
RM 0.26
Day 1 close
RM 0.235
Current price
RM 1.52
Day 1 open %
+23.8%
Day 1 close %
+11.9%
Since listing
+623.8%
Oversubscription
118.48x
Market cap
RM 85.8 M
Offer size
122.62 M
Enlarged shares
408.75 M
Float
30%

Offer structure

TrancheShares% of offer
Malaysian public (balloting)20.44 M16.7%
Bumiputera / MITI51.09 M41.7%
Private placement42.918 M35.0%
New shares issued81.75 M66.7%
Offer for sale40.88 M33.3%

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 +11.9% sits at P46 of its board · This IPO's since-listing of +623.8% sits at P99 of its board

Peers — ACE

SymbolListedIPO priceDay 1 closeSince listingMarket cap
AGMO 18 Aug 2022 RM 0.26 +201.9% +36.5% RM 84.5 M
ACO 18 Mar 2020 RM 0.28 -42.9% -30.4% RM 84.0 M
TCS 23 Jul 2020 RM 0.23 +95.7% -33.3% RM 82.8 M
COSMOS [NS] 06 Oct 2022 RM 0.35 +60.0% -17.1% RM 89.8 M
MINOX 17 Oct 2023 RM 0.25 +48.0% -28.6% RM 90.0 M
SEMICO 13 Jan 2026 RM 0.25 +50.0% +126.0% RM 90.0 M
MBN [NS] 25 Jul 2023 RM 0.21 +28.6% -54.8% RM 81.1 M
ASM 02 Jul 2025 RM 0.17 -2.9% -17.6% RM 90.9 M

Audit

No audit published for this IPO.