Malaysia IPO results 2025
How every Bursa Malaysia IPO of 2025 opened on its first day of trading, with the oversubscription rate behind it.
Listings
54
Opened above offer
52%
Median first-day open
+1.1%
Best debut
+200%
- Wasco Greenergy-5%MAIN · Listed · energyListed: 11 Dec ’2512.1× oversubscribedoffer RM1.00
- LAC MED0%MAIN · Listed · health careListed: 10 Dec ’2512.6× oversubscribedoffer RM0.75
- Orkim0%MAIN · Listed · transportation & logisticsListed: 9 Dec ’2511.8× oversubscribedoffer RM0.92
- BMS Holdings-11.4%ACE · Listed · consumer products & servicesListed: 8 Dec ’252.4× oversubscribedoffer RM0.22
- Geohan Corporation-1.8%MAIN · Listed · constructionListed: 5 Dec ’257.8× oversubscribedoffer RM0.55
- PSP Energy0%ACE · Listed · industrial products & servicesListed: 4 Dec ’255.9× oversubscribedoffer RM0.16
- Foodie Media+18.3%ACE · Listed · telecommunications & mediaListed: 28 Nov ’2524.6× oversubscribedoffer RM0.30
- Polymer Link Holdings0%ACE · Listed · industrial products & servicesListed: 25 Nov ’2548.7× oversubscribedoffer RM0.25
- Aquawalk Group-3.2%ACE · Listed · consumer products & servicesListed: 19 Nov ’256.2× oversubscribedoffer RM0.31
- PMW International0%ACE · Listed · industrial products & servicesListed: 18 Nov ’2531.7× oversubscribedoffer RM0.34
- Farmiera0%ACE · Listed · consumer products & servicesListed: 12 Nov ’2516.7× oversubscribedoffer RM0.25
- Powertechnic Group+14.3%ACE · Listed · industrial products & servicesListed: 28 Oct ’2546.4× oversubscribedoffer RM0.35
- Insights Analytics+72.2%ACE · Listed · industrial products & servicesListed: 27 Oct ’2553.6× oversubscribedoffer RM0.36
- Thmy Holdings+158.1%ACE · Listed · technologyListed: 23 Oct ’2535.6× oversubscribedoffer RM0.31
- Verdant Solar Holdings+19.4%ACE · Listed · energyListed: 22 Oct ’2539.6× oversubscribedoffer RM0.31
- Cheeding Holdings+94.4%ACE · Listed · constructionListed: 7 Oct ’2540.9× oversubscribedoffer RM0.36
- Camaroe+14.3%ACE · Listed · consumer products & servicesListed: 2 Oct ’2515.3× oversubscribedoffer RM0.14
- Express Powerr Solutions (M)+7.5%ACE · Listed · industrial products & servicesListed: 24 Sept ’2513.6× oversubscribedoffer RM0.20
- JS Solar Holding+29.0%ACE · Listed · energyListed: 23 Sept ’2548.3× oversubscribedoffer RM0.31
- Oxford Innotech+24.1%ACE · Listed · industrial products & servicesListed: 29 Jul ’253.4× oversubscribedoffer RM0.29
- Enproserve Group+8.3%ACE · Listed · energyListed: 18 Jul ’250.4× oversubscribedoffer RM0.24
- Icents Group Holdings+20.8%ACE · Listed · industrial products & servicesListed: 17 Jul ’252.3× oversubscribedoffer RM0.24
- A1 A.K. KOH Group0%ACE · Listed · consumer products & servicesListed: 11 Jul ’251.1× oversubscribedoffer RM0.25
- PMCK+2.3%ACE · Listed · health careListed: 9 Jul ’251.9× oversubscribedoffer RM0.22
- ASM Automation Group0%ACE · Listed · industrial products & servicesListed: 2 Jul ’252.3× oversubscribedoffer RM0.17
- PAN Merchant-13.0%ACE · Listed · industrial products & servicesListed: 26 Jun ’250.4× oversubscribedoffer RM0.27
- Cuckoo International (MAL)+0.9%MAIN · Listed · consumer products & servicesListed: 24 Jun ’251.4× oversubscribedoffer RM1.08
- Paradigm Real Estate Investment Trust0%MAIN · Listed · real estate investment trustsListed: 10 Jun ’251.5× oversubscribedoffer RM1.00
- Hartanah Kenyalang0%ACE · Listed · constructionListed: 9 Jun ’255.3× oversubscribedoffer RM0.16
- Signature Alliance Group+9.7%ACE · Listed · constructionListed: 5 Jun ’251.1× oversubscribedoffer RM0.62
- ICT Zone Asia0%ACE · Listed · technologyListed: 3 Jun ’252.9× oversubscribedoffer RM0.20
- Oasis Home Holding+1.8%ACE · Listed · consumer products & servicesListed: 28 May ’251.6× oversubscribedoffer RM0.28
- Eco-Shop Marketing+10.6%MAIN · Listed · consumer products & servicesListed: 23 May ’251.0× oversubscribedoffer RM1.13
- Peoplelogy-4%ACE · Listed · consumer products & servicesListed: 20 May ’251.2× oversubscribedoffer RM0.25
- Fibromat (M)-16.4%ACE · Listed · industrial products & servicesListed: 8 May ’251.0× oversubscribedoffer RM0.55
- West River+1.3%ACE · Listed · industrial products & servicesListed: 5 May ’250.3× oversubscribedoffer RM0.39
- Reach Ten Holdings0%MAIN · Listed · telecommunications & mediaListed: 2 May ’251.9× oversubscribedoffer RM0.52
- Wtec Group0%ACE · Listed · industrial products & servicesListed: 29 Apr ’251.6× oversubscribedoffer RM0.25
- MSB Global Group-15%ACE · Listed · industrial products & servicesListed: 15 Apr ’256.5× oversubscribedoffer RM0.20
- Sumisaujana Group-25%ACE · Listed · industrial products & servicesListed: 9 Apr ’251.9× oversubscribedoffer RM0.24
- HI Mobility+4.1%MAIN · Listed · consumer products & servicesListed: 28 Mar ’256.6× oversubscribedoffer RM1.22
- Chemlite Innovation-8%ACE · Listed · industrial products & servicesListed: 26 Mar ’2528.4× oversubscribedoffer RM0.25
- Wawasan Dengkil Holdings0%ACE · Listed · constructionListed: 25 Mar ’2517.4× oversubscribedoffer RM0.25
- LIM Seong HAI Capital-17.1%ACE · Listed · constructionListed: 21 Mar ’258.9× oversubscribedoffer RM0.88
- Saliran Group+1.9%ACE · Listed · industrial products & servicesListed: 13 Mar ’2576.0× oversubscribedoffer RM0.27
- Pantech Global-31.6%MAIN · Listed · industrial products & servicesListed: 3 Mar ’2544.9× oversubscribedoffer RM0.68
- ES Sunlogy+1.7%ACE · Listed · constructionListed: 20 Feb ’2560.1× oversubscribedoffer RM0.30
- Techstore+27.5%ACE · Listed · technologyListed: 18 Feb ’2596.7× oversubscribedoffer RM0.20
- Richtech Digital+200%ACE · Listed · consumer products & servicesListed: 17 Feb ’25245.4× oversubscribedoffer RM0.25
- Colform Group+11.1%ACE · Listed · industrial products & servicesListed: 10 Feb ’2541.8× oversubscribedoffer RM0.36
- Northern Solar Holdings+42.9%ACE · Listed · energyListed: 6 Feb ’2573.2× oversubscribedoffer RM0.63
- Oriental Kopi Holdings+70.5%ACE · Listed · consumer products & servicesListed: 23 Jan ’2560.0× oversubscribedoffer RM0.44
- CBH Engineering Holding+17.9%ACE · Listed · industrial products & servicesListed: 16 Jan ’2534.2× oversubscribedoffer RM0.28
- Swift Energy Technology+28.6%ACE · Listed · industrial products & servicesListed: 8 Jan ’2558.1× oversubscribedoffer RM0.28
| IPO | Market | Price | Listed | Oversubscribed | First-day open |
|---|---|---|---|---|---|
| Wasco Greenergy Listed · energy | MAIN | RM1.00 | 11 Dec ’25 | 12.1× | -5% |
| LAC MED Listed · health care | MAIN | RM0.75 | 10 Dec ’25 | 12.6× | 0% |
| Orkim Listed · transportation & logistics | MAIN | RM0.92 | 9 Dec ’25 | 11.8× | 0% |
| BMS Holdings Listed · consumer products & services | ACE | RM0.22 | 8 Dec ’25 | 2.4× | -11.4% |
| Geohan Corporation Listed · construction | MAIN | RM0.55 | 5 Dec ’25 | 7.8× | -1.8% |
| PSP Energy Listed · industrial products & services | ACE | RM0.16 | 4 Dec ’25 | 5.9× | 0% |
| Foodie Media Listed · telecommunications & media | ACE | RM0.30 | 28 Nov ’25 | 24.6× | +18.3% |
| Polymer Link Holdings Listed · industrial products & services | ACE | RM0.25 | 25 Nov ’25 | 48.7× | 0% |
| Aquawalk Group Listed · consumer products & services | ACE | RM0.31 | 19 Nov ’25 | 6.2× | -3.2% |
| PMW International Listed · industrial products & services | ACE | RM0.34 | 18 Nov ’25 | 31.7× | 0% |
| Farmiera Listed · consumer products & services | ACE | RM0.25 | 12 Nov ’25 | 16.7× | 0% |
| Powertechnic Group Listed · industrial products & services | ACE | RM0.35 | 28 Oct ’25 | 46.4× | +14.3% |
| Insights Analytics Listed · industrial products & services | ACE | RM0.36 | 27 Oct ’25 | 53.6× | +72.2% |
| Thmy Holdings Listed · technology | ACE | RM0.31 | 23 Oct ’25 | 35.6× | +158.1% |
| Verdant Solar Holdings Listed · energy | ACE | RM0.31 | 22 Oct ’25 | 39.6× | +19.4% |
| Cheeding Holdings Listed · construction | ACE | RM0.36 | 7 Oct ’25 | 40.9× | +94.4% |
| Camaroe Listed · consumer products & services | ACE | RM0.14 | 2 Oct ’25 | 15.3× | +14.3% |
| Express Powerr Solutions (M) Listed · industrial products & services | ACE | RM0.20 | 24 Sept ’25 | 13.6× | +7.5% |
| JS Solar Holding Listed · energy | ACE | RM0.31 | 23 Sept ’25 | 48.3× | +29.0% |
| Oxford Innotech Listed · industrial products & services | ACE | RM0.29 | 29 Jul ’25 | 3.4× | +24.1% |
| Enproserve Group Listed · energy | ACE | RM0.24 | 18 Jul ’25 | 0.4× | +8.3% |
| Icents Group Holdings Listed · industrial products & services | ACE | RM0.24 | 17 Jul ’25 | 2.3× | +20.8% |
| A1 A.K. KOH Group Listed · consumer products & services | ACE | RM0.25 | 11 Jul ’25 | 1.1× | 0% |
| PMCK Listed · health care | ACE | RM0.22 | 9 Jul ’25 | 1.9× | +2.3% |
| ASM Automation Group Listed · industrial products & services | ACE | RM0.17 | 2 Jul ’25 | 2.3× | 0% |
| PAN Merchant Listed · industrial products & services | ACE | RM0.27 | 26 Jun ’25 | 0.4× | -13.0% |
| Cuckoo International (MAL) Listed · consumer products & services | MAIN | RM1.08 | 24 Jun ’25 | 1.4× | +0.9% |
| Paradigm Real Estate Investment Trust Listed · real estate investment trusts | MAIN | RM1.00 | 10 Jun ’25 | 1.5× | 0% |
| Hartanah Kenyalang Listed · construction | ACE | RM0.16 | 9 Jun ’25 | 5.3× | 0% |
| Signature Alliance Group Listed · construction | ACE | RM0.62 | 5 Jun ’25 | 1.1× | +9.7% |
| ICT Zone Asia Listed · technology | ACE | RM0.20 | 3 Jun ’25 | 2.9× | 0% |
| Oasis Home Holding Listed · consumer products & services | ACE | RM0.28 | 28 May ’25 | 1.6× | +1.8% |
| Eco-Shop Marketing Listed · consumer products & services | MAIN | RM1.13 | 23 May ’25 | 1.0× | +10.6% |
| Peoplelogy Listed · consumer products & services | ACE | RM0.25 | 20 May ’25 | 1.2× | -4% |
| Fibromat (M) Listed · industrial products & services | ACE | RM0.55 | 8 May ’25 | 1.0× | -16.4% |
| West River Listed · industrial products & services | ACE | RM0.39 | 5 May ’25 | 0.3× | +1.3% |
| Reach Ten Holdings Listed · telecommunications & media | MAIN | RM0.52 | 2 May ’25 | 1.9× | 0% |
| Wtec Group Listed · industrial products & services | ACE | RM0.25 | 29 Apr ’25 | 1.6× | 0% |
| MSB Global Group Listed · industrial products & services | ACE | RM0.20 | 15 Apr ’25 | 6.5× | -15% |
| Sumisaujana Group Listed · industrial products & services | ACE | RM0.24 | 9 Apr ’25 | 1.9× | -25% |
| HI Mobility Listed · consumer products & services | MAIN | RM1.22 | 28 Mar ’25 | 6.6× | +4.1% |
| Chemlite Innovation Listed · industrial products & services | ACE | RM0.25 | 26 Mar ’25 | 28.4× | -8% |
| Wawasan Dengkil Holdings Listed · construction | ACE | RM0.25 | 25 Mar ’25 | 17.4× | 0% |
| LIM Seong HAI Capital Listed · construction | ACE | RM0.88 | 21 Mar ’25 | 8.9× | -17.1% |
| Saliran Group Listed · industrial products & services | ACE | RM0.27 | 13 Mar ’25 | 76.0× | +1.9% |
| Pantech Global Listed · industrial products & services | MAIN | RM0.68 | 3 Mar ’25 | 44.9× | -31.6% |
| ES Sunlogy Listed · construction | ACE | RM0.30 | 20 Feb ’25 | 60.1× | +1.7% |
| Techstore Listed · technology | ACE | RM0.20 | 18 Feb ’25 | 96.7× | +27.5% |
| Richtech Digital Listed · consumer products & services | ACE | RM0.25 | 17 Feb ’25 | 245.4× | +200% |
| Colform Group Listed · industrial products & services | ACE | RM0.36 | 10 Feb ’25 | 41.8× | +11.1% |
| Northern Solar Holdings Listed · energy | ACE | RM0.63 | 6 Feb ’25 | 73.2× | +42.9% |
| Oriental Kopi Holdings Listed · consumer products & services | ACE | RM0.44 | 23 Jan ’25 | 60.0× | +70.5% |
| CBH Engineering Holding Listed · industrial products & services | ACE | RM0.28 | 16 Jan ’25 | 34.2× | +17.9% |
| Swift Energy Technology Listed · industrial products & services | ACE | RM0.28 | 8 Jan ’25 | 58.1× | +28.6% |
Know the likely opening before the next one lists
CISCOM Pro members get a projected first-day range and probability for every IPO, built from the most similar past listings. Educational, not investment advice.
Facts on this page come from Bursa Malaysia announcements, the prospectus and issuing-house press releases, and can change. CISCOM is an educational service and does not provide investment advice. Past performance does not guarantee future results. Consult a licensed adviser before investing.