Butterfield FB's ACE Market IPO Closed 18.7 Times Oversubscribed, Then It Posted a RM6.47 Million Profit

Butterfield FB, the coffee and tea powder maker, lists on the ACE Market on 15 September. Days before its debut, retail investors piled into its IPO and its books showed a first profit as a nearly-public company.

How the tranches filled

• 12,670 applications chased the 40 million shares on offer, worth about RM377.6 million at the IPO price.
• Every other tranche was fully taken up too — shares for directors, staff and two private-placement tranches all cleared.

A profit report before the debut

• Malaysia supplied 57.6% of the RM69.7 million quarterly revenue, Thailand another 30.7%.
• There is no prior-year quarter to compare against — this is Butterfield FB’s first results as a public company.

Read our earlier look at Butterfield FB’s IPO pricing or how Pioneer Heat’s ballot result played out, and compare brokers for your next Bursa IPO application.

What to watch

• 15 Sep 2026Butterfield FB debuts on the ACE Market — its first-day close is the number that matters, not the open.
• 17 Sep 2026Pioneer Heat Holdings, this cycle’s other heavily-oversubscribed ACE Market IPO, debuts two days later.

Sources & further reading

• The Sun — Butterfield FB’s IPO oversubscribed 18.7 times
• The Edge Malaysia — Beverage blend maker Butterfield FB’s IPO oversubscribed 19 times
• The Edge Malaysia — Butterfield FB posts RM6.47 mil net profit ahead of ACE Market debut
• The Sun — Butterfield FB posts RM6.47m net profit in Q1’27 ahead of ACE Market listing
• Rates.my — Butterfield FB IPO closes for applications 2 September