TCS
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.23
- Day 1 open
- RM 0.585
- Day 1 close
- RM 0.45
- Current price
- RM 0.12
- Day 1 open %
- +154.4%
- Day 1 close %
- +95.7%
- Since listing
- -33.3%
- Oversubscription
- 33.39x
- Market cap
- RM 82.8 M
- Offer size
- 90 M
- Enlarged shares
- 360 M
- Float
- 25%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 10.8 M | 12.0% |
| Bumiputera / MITI | 39.6 M | 44.0% |
| Private placement | 32.4 M | 36.0% |
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 +95.7% sits at P87 of its board · This IPO's since-listing of -33.3% sits at P22 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| ACO | 18 Mar 2020 | RM 0.28 | -42.9% | -30.4% | RM 84.0 M |
| AGMO | 18 Aug 2022 | RM 0.26 | +201.9% | +36.5% | RM 84.5 M |
| MBN [NS] | 25 Jul 2023 | RM 0.21 | +28.6% | -54.8% | RM 81.1 M |
| OPTIMAX | 18 Aug 2020 | RM 0.30 | +126.7% | +280.0% | RM 81.0 M |
| KHB [NS] | 08 Oct 2024 | RM 0.20 | +7.5% | -45.0% | RM 80.5 M |
| MNHLDG | 28 Apr 2022 | RM 0.21 | +11.9% | +623.8% | RM 85.8 M |
| GOLDLI | 18 May 2026 | RM 0.13 | -19.2% | -15.4% | RM 78.0 M |
| OGM | 27 Jan 2026 | RM 0.25 | -20.0% | -46.0% | RM 77.5 M |
Audit
No audit published for this IPO.