PSP
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.16
- Day 1 open
- RM 0.16
- Day 1 close
- RM 0.145
- Current price
- RM 0.145
- Day 1 open %
- +0.0%
- Day 1 close %
- -9.4%
- Since listing
- -9.4%
- Oversubscription
- 5.87x
- Market cap
- RM 171.0 M
- Offer size
- 288.62 M
- Enlarged shares
- 1068.8 M
- Float
- 27%
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) | 53.44 M | 18.5% |
| Bumiputera / MITI | 133.64 M | 46.3% |
| Private placement | 53.44 M | 18.5% |
| New shares issued | 213.8 M | 74.1% |
| Offer for sale | 74.82 M | 25.9% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Through our subsidiaries, our Group is principally involved in the trading and distribution of fuel and lubricant products in Malaysia.
Source: company prospectus, PDF page 33.
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 -9.4% sits at P14 of its board · This IPO's since-listing of -9.4% sits at P48 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| TSA | 02 Feb 2024 | RM 0.55 | +4.5% | +30.9% | RM 170.1 M |
| L&PBHD | 03 Jan 2023 | RM 0.30 | +81.7% | -66.7% | RM 168.0 M |
| KENERGY | 29 May 2024 | RM 0.30 | +55.0% | +116.7% | RM 165.0 M |
| AMS | 23 Apr 2026 | RM 0.29 | +5.2% | +51.7% | RM 177.5 M |
| ANEKA | 20 Oct 2020 | RM 0.33 | -12.1% | -60.6% | RM 177.6 M |
| WELLS | 16 Jan 2023 | RM 0.23 | +87.0% | +191.3% | RM 163.8 M |
| KHJB [NS] | 08 Jul 2019 | RM 0.43 | -18.6% | -69.8% | RM 163.4 M |
| NESTCON | 29 Jun 2021 | RM 0.28 | +14.3% | +12.5% | RM 180.3 M |
Audit
No audit published for this IPO.