TSA
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.55
- Day 1 open
- RM 0.58
- Day 1 close
- RM 0.575
- Current price
- RM 0.72
- Day 1 open %
- +5.5%
- Day 1 close %
- +4.5%
- Since listing
- +30.9%
- Oversubscription
- 8.62x
- Market cap
- RM 170.1 M
- Offer size
- 77.33 M
- Enlarged shares
- 309.3 M
- Float
- 25%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 15.46 M | 20.0% |
| Bumiputera / MITI | 38.66 M | 50.0% |
| Private placement | 7.7325 M | 10.0% |
| New shares issued | 77.33 M | 100.0% |
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 +4.5% sits at P35 of its board · This IPO's since-listing of +30.9% sits at P63 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| PSP | 04 Dec 2025 | RM 0.16 | -9.4% | -9.4% | RM 171.0 M |
| L&PBHD | 03 Jan 2023 | RM 0.30 | +81.7% | -66.7% | RM 168.0 M |
| KENERGY | 29 May 2024 | RM 0.30 | +55.0% | +116.7% | RM 165.0 M |
| WELLS | 16 Jan 2023 | RM 0.23 | +87.0% | +191.3% | RM 163.8 M |
| KHJB [NS] | 08 Jul 2019 | RM 0.43 | -18.6% | -69.8% | RM 163.4 M |
| AMS | 23 Apr 2026 | RM 0.29 | +5.2% | +56.9% | RM 177.5 M |
| ANEKA | 20 Oct 2020 | RM 0.33 | -12.1% | -60.6% | RM 177.6 M |
| SDCG | 19 Sep 2024 | RM 0.38 | +32.9% | +51.3% | RM 161.1 M |
Audit
No audit published for this IPO.