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ACE Shariah

Listed 15 Jul 2020 · Adviser: Kenanga Investment Bank Berhad

Key figures

IPO price
RM 0.41
Day 1 open
RM 0.65
Day 1 close
RM 0.515
Current price
RM 0.205
Day 1 open %
+58.5%
Day 1 close %
+25.6%
Since listing
-48.1%
Oversubscription
11.49x
Market cap
RM 116.8 M
Offer size
0 M
Enlarged shares
285 M
Float
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 +25.6% sits at P60 of its board · This IPO's since-listing of -48.1% sits at P12 of its board

Peers — ACE

SymbolListedIPO priceDay 1 closeSince listingMarket cap
INFOTEC 13 Jul 2022 RM 0.32 -4.7% +3.1% RM 116.2 M
ECOMATE 08 Nov 2021 RM 0.33 +47.0% +434.4% RM 115.5 M
GHS 22 Jan 2026 RM 0.25 -2.0% -26.0% RM 118.4 M
UMC 26 Jul 2022 RM 0.32 +37.5% +9.4% RM 119.7 M
CORAZA 20 Jan 2022 RM 0.28 +130.4% +87.5% RM 119.9 M
ICENTS 17 Jul 2025 RM 0.24 +41.7% +64.6% RM 120.0 M
WTEC 29 Apr 2025 RM 0.25 -6.0% -36.0% RM 120.0 M
FAMIERA 12 Nov 2025 RM 0.25 +2.0% -10.0% RM 112.5 M

Audit

No audit published for this IPO.