WELLS
ACE
Shariah
Key figures
- IPO price
- RM 0.23
- Day 1 open
- RM 0.33
- Day 1 close
- RM 0.43
- Current price
- RM 0.67
- Day 1 open %
- +43.5%
- Day 1 close %
- +87.0%
- Since listing
- +191.3%
- Oversubscription
- 11.24x
- Market cap
- RM 163.8 M
- Offer size
- 249.2 M
- Enlarged shares
- 712.12 M
- Float
- 34.99%
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 36 M | 14.4% |
| Private placement | 203.2 M | 81.5% |
| New shares issued | 124.6 M | 50.0% |
| Offer for sale | 124.6 M | 50.0% |
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 +87.0% sits at P85 of its board · This IPO's since-listing of +191.3% sits at P92 of its board
Peers — ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| KHJB [NS] | 08 Jul 2019 | RM 0.43 | -18.6% | -69.8% | RM 163.4 M |
| KENERGY | 29 May 2024 | RM 0.30 | +55.0% | +116.7% | RM 165.0 M |
| SDCG | 19 Sep 2024 | RM 0.38 | +32.9% | +51.3% | RM 161.1 M |
| L&PBHD | 03 Jan 2023 | RM 0.30 | +81.7% | -66.7% | RM 168.0 M |
| TTVHB | 18 Jan 2023 | RM 0.34 | +276.5% | -38.2% | RM 159.1 M |
| ICTZONE | 03 Jun 2025 | RM 0.20 | +0.0% | -20.0% | RM 159.1 M |
| TSA | 02 Feb 2024 | RM 0.55 | +4.5% | +30.9% | RM 170.1 M |
| PSP | 04 Dec 2025 | RM 0.16 | -9.4% | -9.4% | RM 171.0 M |
Audit
No audit published for this IPO.