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SFPTECH

ACE Shariah MITI

Listed 20 Jun 2022 · Technology · Penang · Adviser: Public Investment Bank Berhad

Key figures

IPO price
RM 0.30
Day 1 open
RM 0.60
Day 1 close
RM 0.67
Current price
RM 0.145
Day 1 open %
+100.0%
Day 1 close %
+123.3%
Since listing
+45.0%
Oversubscription
41.61x
Market cap
RM 240.0 M
Offer size
207.44 M
Enlarged shares
800 M
Float
25.93%

Offer structure

TrancheShares% of offer
Malaysian public (balloting)40 M19.3%
Bumiputera / MITI100 M48.2%
Private placement43.44 M20.9%
New shares issued207.44 M100.0%
Offer for sale0 M0.0%

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 +123.3% sits at P91 of its board · This IPO's since-listing of +45.0% sits at P70 of its board

Peers — ACE

SymbolListedIPO priceDay 1 closeSince listingMarket cap
KTI 19 Jun 2024 RM 0.30 -5.0% +41.7% RM 240.0 M
PMCK 09 Jul 2025 RM 0.22 +4.5% -15.9% RM 239.9 M
INFOM 25 Nov 2022 RM 0.40 +33.8% +247.5% RM 240.5 M
METRO 15 Nov 2024 RM 0.25 +2.0% -10.0% RM 244.7 M
PMIBHD 26 Jun 2025 RM 0.27 -14.8% -22.2% RM 247.3 M
DCHCARE 17 Jul 2023 RM 0.25 +80.0% -52.0% RM 249.1 M
NORTHERN [NS] 06 Feb 2025 RM 0.63 +25.4% -4.8% RM 249.2 M
ENPRO 18 Jul 2025 RM 0.24 +10.4% -8.3% RM 252.0 M

Audit

No audit published for this IPO.