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PMCK

ACE Shariah MITI

Listed 09 Jul 2025 · Health Care · Kedah · Adviser: Malacca Securities Sdn Bhd

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Key figures

IPO price
RM 0.22
Day 1 open
RM 0.225
Day 1 close
RM 0.23
Current price
RM 0.185
Day 1 open %
+2.3%
Day 1 close %
+4.5%
Since listing
-15.9%
Oversubscription
1.87x
Market cap
RM 239.9 M
Offer size
305.32 M
Enlarged shares
1090.6 M
Float
28%
RM 0.220IPO priceRM 0.225Day 1 openRM 0.230Day 1 closeRM 0.185Current price

Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.

Offer structure

TrancheShares% of offer
Malaysian public (balloting)54.53 M17.9%
Bumiputera / MITI136.32 M44.6%
Private placement70.839 M23.2%
New shares issued272.6 M89.3%
Offer for sale32.72 M10.7%

Business profile (from the prospectus)

Prospectus excerpt shown in the document's original language.

Through our subsidiaries, our Group is principally involved in the provision of specialist consultant services, healthcare support services and other services comprising general dental services, polyclinic services and medical laboratory services.

Source: company prospectus, PDF page 106.

Use of proceeds (from the prospectus)

ItemRM'000%
Repayment of bank borrowings50,000

Source: company prospectus, PDF page 172.

Financials (from the prospectus)

FYRevenue (RM'000)PATAMI (RM'000)MarginEPS (sen)
FPE202462,90410,67016.96%
FPE202558,5477,88913.47%
FYE202297,08811,54611.89%
FYE202399,85110,73110.75%
FYE2024104,33515,01514.39%

Latest-FY revenue growth: +4.49%. Source: company prospectus (verified excerpts), PDF page 35.

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 +4.5% sits at P38 of its board · This IPO's since-listing of -15.9% sits at P39 of its board

Board peers: ACE

SymbolListedIPO priceDay 1 closeSince listingMarket cap
KTI 19 Jun 2024 RM 0.30 -5.0% +41.7% RM 240.0 M
SFPTECH 20 Jun 2022 RM 0.30 +123.3% +45.0% RM 240.0 M
INFOM 25 Nov 2022 RM 0.40 +33.8% +247.5% RM 240.5 M
METRO 15 Nov 2024 RM 0.25 +2.0% -10.0% RM 244.7 M
PMIBHD 26 Jun 2025 RM 0.27 -14.8% -22.2% RM 247.3 M
DCHCARE 17 Jul 2023 RM 0.25 +80.0% -52.0% RM 249.1 M
NORTHERN [NS] 06 Feb 2025 RM 0.63 +25.4% -4.8% RM 249.2 M
ENPRO 18 Jul 2025 RM 0.24 +10.4% -8.3% RM 252.0 M

Audit

No audit published for this IPO.