VOLCANO
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.35
- Day 1 open
- RM 0.70
- Day 1 close
- RM 0.485
- Current price
- RM 0.425
- Day 1 open %
- +100.0%
- Day 1 close %
- +38.6%
- Since listing
- +21.4%
- Oversubscription
- 176.60x
- Market cap
- RM 57.8 M
- Offer size
- 60 M
- Enlarged shares
- 165 M
- Float
- 36.36%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 8.25 M | 13.8% |
| Bumiputera / MITI | 20.62 M | 34.4% |
| Private placement | 22.875 M | 38.1% |
| New shares issued | 25 M | 41.7% |
| Offer for sale | 35 M | 58.3% |
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 +38.6% sits at P71 of its board · This IPO's since-listing of +21.4% sits at P62 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| FLEXI | 30 Mar 2021 | RM 0.20 | +115.0% | -35.0% | RM 56.8 M |
| OFB | 04 Jul 2024 | RM 0.28 | +175.0% | -28.6% | RM 58.8 M |
| RTECH | 17 Feb 2025 | RM 0.25 | +28.0% | -16.0% | RM 50.6 M |
| CAMAROE [NS] | 02 Oct 2025 | RM 0.14 | +7.1% | -14.3% | RM 69.3 M |
| ZANTAT | 27 Mar 2024 | RM 0.25 | +50.0% | -10.0% | RM 70.0 M |
| VANZO | 17 Dec 2024 | RM 0.15 | +10.0% | -6.7% | RM 70.0 M |
| SCB | 13 Aug 2024 | RM 0.27 | +33.3% | -50.0% | RM 71.8 M |
| HAWK | 05 Sep 2024 | RM 0.15 | +130.0% | +93.3% | RM 73.5 M |
Audit
No audit published for this IPO.