MTEC
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.39
- Day 1 open
- RM 0.39
- Day 1 close
- RM 0.36
- Current price
- RM 1.05
- Day 1 open %
- +0.0%
- Day 1 close %
- -7.7%
- Since listing
- +169.2%
- Oversubscription
- 7.11x
- Market cap
- RM 397.8 M
- Offer size
- 285.6 M
- Enlarged shares
- 1020 M
- Float
- 28%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 51 M | 17.9% |
| Bumiputera / MITI | 127.5 M | 44.6% |
| Private placement | 104.956 M | 36.7% |
| New shares issued | 158.1 M | 55.4% |
| Offer for sale | 127.5 M | 44.6% |
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 -7.7% sits at P13 of its board · This IPO's since-listing of +169.2% sits at P90 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| OPPSTAR | 15 Mar 2023 | RM 0.63 | +285.7% | -42.1% | RM 400.8 M |
| SNS | 02 Sep 2022 | RM 0.25 | +6.0% | +102.0% | RM 403.2 M |
| TELADAN | 16 Mar 2021 | RM 0.48 | +18.8% | +85.7% | RM 386.5 M |
| NE | 15 Oct 2024 | RM 0.50 | +1.0% | +50.0% | RM 370.0 M |
| GDGROUP | 16 Apr 2026 | RM 0.45 | -11.1% | -11.1% | RM 450.0 M |
| SUMI | 09 Apr 2025 | RM 0.24 | -25.0% | -62.5% | RM 346.5 M |
| LEFORM | 30 Nov 2022 | RM 0.23 | -19.6% | -26.1% | RM 340.6 M |
| BMS | 08 Dec 2025 | RM 0.22 | -20.4% | -9.1% | RM 338.8 M |
Audit
No audit published for this IPO.