VERDANT
ACE
Shariah
Key figures
- IPO price
- RM 0.31
- Day 1 open
- RM 0.37
- Day 1 close
- RM 0.37
- Current price
- RM 0.26
- Day 1 open %
- +19.4%
- Day 1 close %
- +19.4%
- Since listing
- -16.1%
- Oversubscription
- 39.60x
- Market cap
- RM 253.5 M
- Offer size
- 215.59 M
- Enlarged shares
- 817.62 M
- Float
- 26.37%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 40.88 M | 19.0% |
| Private placement | 149.705 M | 69.4% |
| New shares issued | 142 M | 65.9% |
| Offer for sale | 73.59 M | 34.1% |
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 +19.4% sits at P54 of its board · This IPO's since-listing of -16.1% sits at P35 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| ENPRO | 18 Jul 2025 | RM 0.24 | +10.4% | -8.3% | RM 252.0 M |
| NORTHERN [NS] | 06 Feb 2025 | RM 0.63 | +25.4% | -4.8% | RM 249.2 M |
| DCHCARE | 17 Jul 2023 | RM 0.25 | +80.0% | -52.0% | RM 249.1 M |
| PMIBHD | 26 Jun 2025 | RM 0.27 | -14.8% | -22.2% | RM 247.3 M |
| OGX | 12 Mar 2026 | RM 0.35 | -1.4% | +40.0% | RM 262.5 M |
| METRO | 15 Nov 2024 | RM 0.25 | +2.0% | -10.0% | RM 244.7 M |
| CARLORINO | 18 Dec 2024 | RM 0.27 | -14.8% | -48.1% | RM 263.9 M |
| DSS | 06 Jan 2023 | RM 0.55 | +12.7% | -54.5% | RM 264.0 M |
Audit
No audit published for this IPO.