AMBEST Ambest Group
Key figures
- IPO price
- RM 0.25
- Day 1 open
- RM 0.29
- Day 1 close
- RM 0.345
- Current price
- RM 0.725
- Day 1 open %
- +16.0%
- Day 1 close %
- +38.0%
- Since listing
- +190.0%
- Oversubscription
- 46.07x
- Market cap
- RM 127.5 M
- Offer size
- 150.95 M
- Enlarged shares
- 510 M
- Float
- 29.6%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 25.5 M | 16.9% |
| Bumiputera / MITI | 63.75 M | 42.2% |
| Private placement | 48.953 M | 32.4% |
| New shares issued | 110 M | 72.9% |
| Offer for sale | 40.95 M | 27.1% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Group is an engineering supporting services provider that primarily provides precision machining, to customers in the semiconductor industry.
Source: company prospectus, PDF page 98.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Repayment of borrowings | 12,000 | 43.6% |
| Purchase of new machineries | 3,900 | 14.2% |
| General working capital | 6,800 | 24.7% |
| Estimated listing expenses | 4,800 | 17.4% |
Source: company prospectus, PDF page 47.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2025 | 39,785 | 5,220 | 13.12% | 1.30 |
| FY2022 | 59,376 | 7,185 | 12.10% | 1.80 |
| FY2023 | 45,760 | 6,809 | 14.88% | 1.70 |
| FY2024 | 47,260 | 7,058 | 14.93% | 1.76 |
Latest-FY revenue growth: +3.28%. PE at the IPO price: 14.20. Source: company prospectus (verified excerpts), PDF page 36.
Board context: ACE
Across 217 ACE IPOs in the database: median day-1 close +13.5% (P25 +0.0%, P75 +45.7%), median since-listing -8.0%. 71.0% closed day 1 above their IPO price.
This IPO's day-1 close of +38.0% sits at P71 of its board · This IPO's since-listing of +190.0% sits at P91 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| EDELTEQ | 07 Jun 2023 | RM 0.24 | +204.2% | +68.8% | RM 127.8 M |
| SUM | 18 Jun 2026 | RM 0.28 | +87.5% | +171.4% | RM 126.0 M |
| CHB | 18 Dec 2023 | RM 0.35 | +62.9% | +137.1% | RM 130.1 M |
| MMCS | 11 Jun 2026 | RM 0.22 | +2.3% | +54.5% | RM 124.7 M |
| PENTECH | 15 Jun 2026 | RM 0.20 | +30.0% | +70.0% | RM 124.0 M |
| ELSA | 16 Jun 2026 | RM 0.23 | +19.6% | -8.7% | RM 123.8 M |
| KEEMING | 12 Feb 2026 | RM 0.38 | +129.0% | +563.2% | RM 123.5 M |
| HEGROUP | 30 Jan 2024 | RM 0.28 | +16.1% | +10.7% | RM 123.2 M |
Audit
No audit published for this IPO.