POWER
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.35
- Day 1 open
- RM 0.40
- Day 1 close
- RM 0.33
- Current price
- RM 0.225
- Day 1 open %
- +14.3%
- Day 1 close %
- -5.7%
- Since listing
- -35.7%
- Oversubscription
- 46.35x
- Market cap
- RM 108.6 M
- Offer size
- 84 M
- Enlarged shares
- 310.34 M
- Float
- 27.07%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 15.6 M | 18.6% |
| Bumiputera / MITI | 38.8 M | 46.2% |
| Private placement | 19.6 M | 23.3% |
| New shares issued | 63 M | 75.0% |
| Offer for sale | 21 M | 25.0% |
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 -5.7% sits at P16 of its board · This IPO's since-listing of -35.7% sits at P20 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| FPHB | 14 May 2024 | RM 0.24 | +70.8% | +66.7% | RM 108.0 M |
| SUPREME | 29 Nov 2024 | RM 0.25 | +22.0% | -10.0% | RM 107.5 M |
| PANDA | 27 Nov 2023 | RM 0.16 | +62.5% | +50.0% | RM 107.4 M |
| OVH [NS] | 22 Jul 2020 | RM 0.26 | +103.8% | -46.2% | RM 106.9 M |
| JTGROUP | 20 Dec 2023 | RM 0.27 | +14.8% | +122.2% | RM 105.8 M |
| FAMIERA | 12 Nov 2025 | RM 0.25 | +2.0% | -10.0% | RM 112.5 M |
| YXPM | 23 Jun 2022 | RM 0.28 | -3.6% | -23.2% | RM 104.2 M |
| UNIQUE | 05 Aug 2022 | RM 0.26 | -13.5% | +85.1% | RM 104.0 M |
Audit
No audit published for this IPO.