SPRING
ACE
Shariah
MITI
Key figures
- IPO price
- RM 0.25
- Day 1 open
- RM 0.25
- Day 1 close
- RM 0.25
- Current price
- RM 0.125
- Day 1 open %
- +0.0%
- Day 1 close %
- +0.0%
- Since listing
- -44.4%
- Oversubscription
- 14.70x
- Market cap
- RM 103.9 M
- Offer size
- 124.71 M
- Enlarged shares
- 415.69 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) | 20.78 M | 16.7% |
| Bumiputera / MITI | 72.75 M | 58.3% |
| Private placement | 27.02 M | 21.7% |
| New shares issued | 97.69 M | 78.3% |
| Offer for sale | 27.02 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 +0.0% sits at P29 of its board · This IPO's since-listing of -44.4% sits at P14 of its board
Board peers: ACE
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| 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 |
| SALIRAN [NS] | 13 Mar 2025 | RM 0.27 | -22.2% | -14.8% | RM 103.4 M |
| GBBOND | 01 Oct 2026 | RM 0.25 | -18.0% | -16.0% | RM 103.1 M |
| PEOPLE | 20 May 2025 | RM 0.25 | +6.0% | -14.0% | RM 102.9 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 |
| JTGROUP | 20 Dec 2023 | RM 0.27 | +14.8% | +122.2% | RM 105.8 M |
Audit
No audit published for this IPO.