Insights Analytics Berhad (IAB) made a successful debut in the ACE market on 27 Oct25.
Its share price opened at 62sen, which was 72% higher than its IPO 36sen and reached a height of 73sen. It closed at 65.5sen with an impressive 82% gain on day one.
On 7 Nov25, its share price has rallied to 81.5sen.
IAB is a Sarawak-based water technology solution provider established in 2003.
Its IPO price of 36sen seems reasonable with a PE ratio of 10.4 based on FYE2025 (ended Apr25) PAT of RM19mil and enlarged shares of 550mil after IPO.
However, there was a 175% jump in PAT from RM6.9mil in FY24 to RM19mil in FY25, which might make some investors cautious.
