SET
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.28
- Day 1 open
- RM 0.36
- Day 1 close
- RM 0.395
- Current price
- RM 0.205
- Day 1 open %
- +28.6%
- Day 1 close %
- +41.1%
- Since listing
- -26.8%
- Oversubscription
- 58.09x
- Market cap
- RM 280.2 M
- Offer size
- 300.24 M
- Enlarged shares
- 1000.8 M
- Float
- 30%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 50.04 M | 16.7% |
| Bumiputera / MITI | 125.1 M | 41.7% |
| Private placement | 75.06 M | 25.0% |
| New shares issued | 250.2 M | 83.3% |
| Offer for sale | 50.04 M | 16.7% |
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 +41.1% sits at P72 of its board · This IPO's since-listing of -26.8% sits at P27 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| THMY | 23 Oct 2025 | RM 0.31 | +193.6% | +190.3% | RM 275.3 M |
| CHEEDING | 07 Oct 2025 | RM 0.36 | +104.2% | +120.8% | RM 287.0 M |
| SCGBHD | 16 Oct 2020 | RM 0.34 | -2.9% | +514.7% | RM 272.0 M |
| CNERGEN | 24 May 2022 | RM 0.58 | +0.0% | -27.6% | RM 288.8 M |
| CENGILD | 18 Apr 2022 | RM 0.33 | +40.9% | -34.8% | RM 270.2 M |
| EMCC [NS] | 26 Sep 2023 | RM 0.24 | +31.2% | +43.8% | RM 267.6 M |
| FOODIE [NS] | 28 Nov 2025 | RM 0.30 | +33.3% | +45.0% | RM 266.4 M |
| DSS | 06 Jan 2023 | RM 0.55 | +12.7% | -54.5% | RM 264.0 M |
Audit
No audit published for this IPO.