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ACE Market debut

EGH International's ACE Market Debut Ends 15.63% Below Its IPO Price

RaymondRates.my2 min read

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EGH International Berhad’s first day on Bursa Malaysia’s ACE Market ended below its offer price. The interior fit-out contractor, whose public share tranche had been oversubscribed 2.63 times, opened 9.38% under its 16 sen IPO price and closed the session down 15.63%.

ECOGRP 0472 · ACE Market · debut day · RM0.135 ▼ 15.62% below its 16 sen IPO priceO 0.145 H 0.145 L 0.120 C 0.13516 Oct 2026 · Vol 71.23m0.120.130.140.150.16IPO price 16 sen0.13516 Oct 2026 (listing day)Volume, m shares20m40m60m71.23mSource: KLSE Screener, close 16 Oct 2026
16 October 2026, EGH International’s first trading day. It opened at 14.5 sen, touched a low of 12 sen, then closed at 13.5 sen, 15.63% below its 16 sen IPO price, on 71.23 million shares traded.
RM135m
Market cap at close
down from RM160m at the IPO price
2.63×
Public tranche oversubscribed
ahead of the 16 Oct listing
RM313.5m
Outstanding jobs
enough work for about 2 years (TA Securities)
  • Interior fit-out work is the core business, alongside sales of furniture, fittings and building materials. The company was founded as ECO Interiors in 2010.
  • It has completed over 200 projects in Malaysia, Cambodia, India and Hong Kong, including 57+ hotels and resorts and 19 healthcare facilities (The Star).
A fitted-out modern office interior with built-in cabinetry and a kitchenette
EGH’s IPO proceeds are funding a new head office, warehouse and showroom in Puchong, Selangor, plus debt repayment and working capital. · Photo: Unsplash

This follows another ACE Market debut this month, EcoSys’s 206.7-times oversubscribed IPO. This site doesn’t yet track EGH’s live price on a dedicated stock page; compare brokers for your next Bursa IPO application.

Not financial advice. This is general information on EGH International Berhad’s (0472) first trading day, based on closing-price data from KLSE Screener and Yahoo Finance as at 16 October 2026. It is not a recommendation to buy, hold or sell any shares, and Rates.my does not issue price targets or forecasts. TA Securities’ fair value is their own attributed estimate, not ours. Confirm current prices with your broker before acting.

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