PMW
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.34
- Day 1 open
- RM 0.34
- Day 1 close
- RM 0.345
- Current price
- RM 0.305
- Day 1 open %
- +0.0%
- Day 1 close %
- +1.5%
- Since listing
- -10.3%
- Oversubscription
- 31.70x
- Market cap
- RM 303.3 M
- Offer size
- 267.62 M
- Enlarged shares
- 892.05 M
- Float
- 30%
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) | 44.6 M | 16.7% |
| Bumiputera / MITI | 111.51 M | 41.7% |
| Private placement | 89.21 M | 33.3% |
| New shares issued | 178.41 M | 66.7% |
| Offer for sale | 89.2 M | 33.3% |
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Working capital requirements | 5,696 | |
| Construction of a new facility at Tanjung Manis, Sarawak Within | 46,708 |
Source: company prospectus, PDF page 71.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2024 | 56,615 | 7,200 | 12.72% | |
| FPE2025 | 78,770 | 6,968 | 8.85% | |
| FYE2021 | 75,826 | 8,353 | 11.02% | |
| FYE2022 | 85,235 | 9,984 | 11.71% | |
| FYE2023 | 134,869 | 15,529 | 11.51% | |
| FYE2024 | 165,337 | 17,442 | 10.55% |
Latest-FY revenue growth: +22.59%. Source: company prospectus (verified excerpts), PDF page 71.
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 +1.5% sits at P30 of its board · This IPO's since-listing of -10.3% sits at P46 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| CREST | 09 Oct 2024 | RM 0.35 | +0.0% | -41.4% | RM 303.0 M |
| WENTEL | 06 Feb 2024 | RM 0.26 | +7.7% | +11.5% | RM 299.0 M |
| VLB | 31 Jan 2023 | RM 0.33 | +18.2% | +36.4% | RM 311.6 M |
| SORENTO | 28 Oct 2024 | RM 0.37 | +1.4% | +12.2% | RM 318.2 M |
| CNERGEN | 24 May 2022 | RM 0.58 | +0.0% | -27.6% | RM 288.8 M |
| CHEEDING | 07 Oct 2025 | RM 0.36 | +104.2% | +120.8% | RM 287.0 M |
| SET | 08 Jan 2025 | RM 0.28 | +41.1% | -26.8% | RM 280.2 M |
| ISF | 28 Jan 2026 | RM 0.33 | +45.5% | +157.6% | RM 330.0 M |
Audit
No audit published for this IPO.