PEOPLE
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.25
- Day 1 open
- RM 0.24
- Day 1 close
- RM 0.265
- Current price
- RM 0.215
- Day 1 open %
- -4.0%
- Day 1 close %
- +6.0%
- Since listing
- -14.0%
- Oversubscription
- 1.24x
- Market cap
- RM 102.9 M
- Offer size
- 105 M
- Enlarged shares
- 411.72 M
- Float
- 25.5%
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) | 20.59 M | 19.6% |
| Bumiputera / MITI | 51.47 M | 49.0% |
| Private placement | 20.598 M | 19.6% |
| New shares issued | 105 M | 100.0% |
| Offer for sale | 0 M | 0.0% |
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Estimated listing expenses | 4,350 |
Source: company prospectus, PDF page 45.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FYE2021 | 16,278 | 3,604 | 22.14% | 0.88 |
| FYE2022 | 22,793 | 4,774 | 20.95% | 1.16 |
| FYE2023 | 24,729 | 5,799 | 23.45% | 1.41 |
| FYE2024 | 29,241 | 5,467 | 18.70% | 1.33 |
Latest-FY revenue growth: +18.25%. PE at the IPO price: 18.80. Source: company prospectus (verified excerpts), PDF page 133.
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 +6.0% sits at P41 of its board · This IPO's since-listing of -14.0% sits at P42 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| GBBOND | 01 Oct 2026 | RM 0.25 | -18.0% | -16.0% | RM 103.1 M |
| SALIRAN [NS] | 13 Mar 2025 | RM 0.27 | -22.2% | -14.8% | RM 103.4 M |
| RESTNGO | 07 Jul 2026 | RM 0.13 | +0.0% | -23.1% | RM 102.4 M |
| TOPVISN | 16 Dec 2024 | RM 0.33 | +3.0% | -42.4% | RM 102.2 M |
| EIB [NS] | 18 Jul 2022 | RM 0.30 | -13.3% | -51.7% | RM 102.0 M |
| SPRING | 08 Nov 2019 | RM 0.25 | +0.0% | -44.4% | RM 103.9 M |
| UNIQUE | 05 Aug 2022 | RM 0.26 | -13.5% | +85.1% | RM 104.0 M |
| YXPM | 23 Jun 2022 | RM 0.28 | -3.6% | -23.2% | RM 104.2 M |
Audit
No audit published for this IPO.