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UNIQUE

ACE Shariah MITI

Listed 05 Aug 2022 · Ind Prod & Serv · Selangor · Adviser: Alliance Islamic Bank Berhad

Key figures

IPO price
RM 0.26
Day 1 open
RM 0.21
Day 1 close
RM 0.225
Current price
RM 0.435
Day 1 open %
-19.2%
Day 1 close %
-13.5%
Since listing
+85.1%
Oversubscription
5.08x
Market cap
RM 104.0 M
Offer size
113.75 M
Enlarged shares
400 M
Float
28.44%

Offer structure

TrancheShares% of offer
Malaysian public (balloting)20 M17.6%
Bumiputera / MITI50 M44.0%
Private placement35.75 M31.4%
New shares issued83.75 M73.6%
Offer for sale30 M26.4%

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 -13.5% sits at P8 of its board · This IPO's since-listing of +85.1% sits at P80 of its board

Peers — ACE

SymbolListedIPO priceDay 1 closeSince listingMarket cap
SPRING 08 Nov 2019 RM 0.25 +0.0% -44.4% RM 103.9 M
YXPM 23 Jun 2022 RM 0.28 -3.6% -23.2% RM 104.2 M
SALIRAN [NS] 13 Mar 2025 RM 0.27 -22.2% -14.8% RM 103.4 M
PEOPLE 20 May 2025 RM 0.25 +6.0% -14.0% RM 102.9 M
JTGROUP 20 Dec 2023 RM 0.27 +14.8% +122.2% RM 105.8 M
TOPVISN 16 Dec 2024 RM 0.33 +3.0% -42.4% RM 102.2 M
EIB [NS] 18 Jul 2022 RM 0.30 -13.3% -51.7% RM 102.0 M
WINSTAR 19 Dec 2024 RM 0.35 +45.7% +41.4% RM 101.5 M

Audit

No audit published for this IPO.