SBH
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.22
- Day 1 open
- RM 0.255
- Day 1 close
- RM 0.255
- Current price
- RM 0.19
- Day 1 open %
- +15.9%
- Day 1 close %
- +15.9%
- Since listing
- -13.6%
- Oversubscription
- 27.66x
- Market cap
- RM 195.4 M
- Offer size
- 230 M
- Enlarged shares
- 888 M
- Float
- 25.9%
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) | 45 M | 19.6% |
| Bumiputera / MITI | 111 M | 48.3% |
| Private placement | 38 M | 16.5% |
| New shares issued | 180 M | 78.3% |
| Offer for sale | 50 M | 21.7% |
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 +15.9% sits at P54 of its board · This IPO's since-listing of -13.6% sits at P42 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| IAB | 27 Oct 2025 | RM 0.36 | +81.9% | +154.2% | RM 198.0 M |
| PTRB | 27 Sep 2022 | RM 0.36 | +2.8% | -20.8% | RM 192.6 M |
| UNIPAC | 14 Sep 2026 | RM 0.35 | -11.4% | -32.9% | RM 192.5 M |
| SSF | 12 Oct 2023 | RM 0.25 | +6.0% | +62.0% | RM 200.0 M |
| PPJACK [NS] | 01 Apr 2022 | RM 0.30 | +31.7% | +203.3% | RM 200.4 M |
| CLOUDPT | 29 May 2023 | RM 0.38 | +35.5% | +71.0% | RM 202.0 M |
| XPB | 24 Sep 2025 | RM 0.20 | +12.5% | -17.5% | RM 186.9 M |
| KJTS | 26 Jan 2024 | RM 0.27 | +85.2% | +370.4% | RM 185.8 M |
Audit
No audit published for this IPO.