ICENTS
Key figures
- IPO price
- RM 0.24
- Day 1 open
- RM 0.29
- Day 1 close
- RM 0.34
- Current price
- RM 0.395
- Day 1 open %
- +20.8%
- Day 1 close %
- +41.7%
- Since listing
- +64.6%
- Oversubscription
- 2.30x
- Market cap
- RM 120.0 M
- Offer size
- 142.5 M
- Enlarged shares
- 500 M
- Float
- 28.5%
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 M | 17.5% |
| Bumiputera / MITI | 62.5 M | 43.9% |
| Private placement | 45 M | 31.6% |
| New shares issued | 112.5 M | 78.9% |
| Offer for sale | 30 M | 21.1% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Company is an investment holding company and through our Subsidiaries, we are principally involved in the provision of engineering, construction and related services for cleanrooms and other facilities as well as manufacture of cleanroom fixtures and related products.
Source: company prospectus, PDF page 101.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2024 | 48,279 | 3,772 | 7.81% | |
| FPE2025 | 43,931 | 5,032 | 11.45% | |
| FYE2022 | 55,779 | 2,901 | 5.20% | |
| FYE2023 | 108,263 | 6,653 | 6.15% | |
| FYE2024 | 80,699 | 7,021 | 8.70% |
Latest-FY revenue growth: -25.46%. Source: company prospectus (verified excerpts), PDF page 96.
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 +41.7% sits at P74 of its board · This IPO's since-listing of +64.6% sits at P78 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| WTEC | 29 Apr 2025 | RM 0.25 | -6.0% | -36.0% | RM 120.0 M |
| CORAZA | 20 Jan 2022 | RM 0.28 | +130.4% | +87.5% | RM 119.9 M |
| UMC | 26 Jul 2022 | RM 0.32 | +37.5% | +9.4% | RM 119.7 M |
| GHS | 22 Jan 2026 | RM 0.25 | -2.0% | -24.0% | RM 118.4 M |
| MSB | 15 Apr 2025 | RM 0.20 | -15.0% | -57.5% | RM 122.0 M |
| TOPMIX | 23 Apr 2024 | RM 0.31 | +35.5% | +48.4% | RM 122.1 M |
| SBS | 20 Jan 2026 | RM 0.25 | -4.0% | -54.0% | RM 122.5 M |
| HEGROUP | 30 Jan 2024 | RM 0.28 | +16.1% | +10.7% | RM 123.2 M |
Audit
No audit published for this IPO.