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MOBILIA

ACE Shariah

Listed 23 Feb 2021 · Consumer Products & Services · Johor · Adviser: Kenanga Investment Bank Berhad

Key figures

IPO price
RM 0.23
Day 1 open
RM 0.65
Day 1 close
RM 0.555
Current price
RM 0.095
Day 1 open %
+182.6%
Day 1 close %
+141.3%
Since listing
-26.9%
Oversubscription
92.17x
Market cap
RM 92.0 M
Offer size
100 M
Enlarged shares
400 M
Float
25%

Offer structure

TrancheShares% of offer
Malaysian public (balloting)20 M20.0%
Private placement68 M68.0%
New shares issued60 M60.0%
Offer for sale40 M40.0%

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 +141.3% sits at P95 of its board · This IPO's since-listing of -26.9% sits at P27 of its board

Peers — ACE

SymbolListedIPO priceDay 1 closeSince listingMarket cap
INSPACE 08 May 2026 RM 0.25 +2.0% -8.0% RM 92.3 M
EFRAME 27 Oct 2020 RM 0.28 +32.1% +57.8% RM 91.0 M
ASM 02 Jul 2025 RM 0.17 -2.9% -17.6% RM 90.9 M
CEKD 29 Sep 2021 RM 0.48 +13.5% -35.4% RM 93.4 M
OBHB 29 Oct 2024 RM 0.24 +4.2% -37.5% RM 94.0 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
COSMOS [NS] 06 Oct 2022 RM 0.35 +60.0% -17.1% RM 89.8 M

Audit

No audit published for this IPO.