SYNERGY
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.43
- Day 1 open
- RM 0.38
- Day 1 close
- RM 0.35
- Current price
- RM 0.31
- Day 1 open %
- -11.6%
- Day 1 close %
- -18.6%
- Since listing
- -27.9%
- Oversubscription
- 14.02x
- Market cap
- RM 215.0 M
- Offer size
- 130 M
- Enlarged shares
- 500 M
- Float
- 26%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 25 M | 19.2% |
| Bumiputera / MITI | 62.5 M | 48.1% |
| Private placement | 30 M | 23.1% |
| New shares issued | 80 M | 61.5% |
| Offer for sale | 50 M | 38.5% |
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 -18.6% sits at P4 of its board · This IPO's since-listing of -27.9% sits at P25 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| COLFORM | 10 Feb 2025 | RM 0.36 | +8.3% | -18.1% | RM 216.0 M |
| PLYTEC | 15 Nov 2023 | RM 0.35 | -7.1% | -58.6% | RM 212.1 M |
| GDB | 27 Mar 2018 | RM 0.35 | -7.1% | +61.7% | RM 218.8 M |
| A1AKK | 11 Jul 2025 | RM 0.25 | -2.0% | -8.0% | RM 210.0 M |
| SUNLOGY | 20 Feb 2025 | RM 0.30 | +0.0% | -13.3% | RM 210.0 M |
| EPB | 23 Aug 2024 | RM 0.56 | +10.7% | -28.6% | RM 208.3 M |
| TEAMSTR | 25 Feb 2026 | RM 0.26 | -9.6% | -3.9% | RM 208.0 M |
| MERSEC [NS] | 19 Sep 2023 | RM 0.25 | +20.0% | +26.0% | RM 223.2 M |
Audit
No audit published for this IPO.