SBS SBS Nexus
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.25
- Day 1 open
- RM 0.25
- Day 1 close
- RM 0.24
- Current price
- RM 0.125
- Day 1 open %
- +0.0%
- Day 1 close %
- -4.0%
- Since listing
- -50.0%
- Oversubscription
- 22.28x
- Market cap
- RM 122.5 M
- Offer size
- 171.5 M
- Enlarged shares
- 490 M
- Float
- 35%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 24.5 M | 14.3% |
| Bumiputera / MITI | 61.25 M | 35.7% |
| Private placement | 68.6 M | 40.0% |
| New shares issued | 122.5 M | 71.4% |
| Offer for sale | 49 M | 28.6% |
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 -4.0% sits at P18 of its board · This IPO's since-listing of -50.0% sits at P11 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| TOPMIX | 23 Apr 2024 | RM 0.31 | +35.5% | +48.4% | RM 122.1 M |
| MSB | 15 Apr 2025 | RM 0.20 | -15.0% | -57.5% | RM 122.0 M |
| HEGROUP | 30 Jan 2024 | RM 0.28 | +16.1% | +10.7% | RM 123.2 M |
| KEEMING | 12 Feb 2026 | RM 0.38 | +129.0% | +386.8% | RM 123.5 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 |
| CORAZA | 20 Jan 2022 | RM 0.28 | +130.4% | +87.5% | RM 119.9 M |
| UMC | 26 Jul 2022 | RM 0.32 | +37.5% | +9.4% | RM 119.7 M |
Audit
No audit published for this IPO.