The RedPlanet ACE Market debut delivered a 42% gain on the first day of trading. RedPlanet Bhd, an information technology services firm, moved its listing from the LEAP Market to the ACE Market and opened at 27 sen on Thursday, Oct 22.
What Happened in the RedPlanet ACE Market Debut?
The RedPlanet stock opened at 27 sen, up 8 sen or 42% from its IPO price of 20 sen per share. It climbed as high as 28.5 sen during the session.
At 9.20am, the stock was trading at 27 sen, and more than 36 million shares had changed hands. Market capitalisation was RM106 million based on the last price.
How Big Is RedPlanet’s Gain Against Its IPO Price?
- IPO price: 20 sen per share
- Opening price: 27 sen, up 42%
- Intraday high: 28.5 sen
- Volume by 9.20am: more than 36 million shares
- Market capitalisation: RM106 million at the last price
The 42% jump is measured against the 20 sen IPO price, not against a previous trading day. The report does not include peer valuation data, so this source alone cannot compare RedPlanet with other Bursa IT services stocks.
What Is Behind RedPlanet’s Listing Track Record?
A related report headline states that RedPlanet’s FY2026 net profit rises 22%, but the RM figure is not in the source. Another related headline says the IPO shares were oversubscribed 85.28 times.
One related headline gives an application price of 19 sen, which differs from the 20 sen IPO price used in the debut report. Investors may want to check the prospectus to confirm the final price, shares offered and total funds raised, none of which appear in the source.
What Does the LEAP-to-ACE Transfer Mean for RedPlanet Shareholders?
Related reports say RedPlanet filed a draft prospectus for the LEAP Market transfer and inked an underwriting deal for the move. The company’s stated aim is to boost growth and liquidity.
Related headlines also point to stronger utilities demand and new Middle East enquiries. These are the business drivers to track in future updates, since they are the only operating signals in the source.
What Are the Key Risks Behind RedPlanet’s 42% Debut Gain?
A first-day gain reflects early trading demand, not a verified earnings track record. Investors may want to check gearing, margins and valuation against peers in the prospectus, as none of these figures appear in the source.
Worth monitoring: how volume and price behave after the debut, and whether the RM106 million market capitalisation changes as more shares trade.
How to Apply for Future Bursa IPOs via M+ Global
The RedPlanet offer is already complete, so this section applies to upcoming IPOs.
- Open a direct CDS account in your own name, as online IPO applications require it.
- Use the M+ Global app. The M+ Online app stopped working on 19 December 2025.
- Enter invitation code UBZQ when signing up.
- Submit only one application per IPO. Multiple applications are an offence under the Capital Markets and Services Act 2007.
- If an IPO is oversubscribed, retail portions are balloted.
For help, WhatsApp +60169059789. You can also read the IPO Investing with M+ Global guide and the Trading Account Types in Malaysia overview.
This article is general information, not financial advice. Do your own research before making any decision on RedPlanet or any other Bursa Malaysia stock.
Key Takeaways
- RedPlanet (KL:RPLANET) opened at 27 sen on its ACE Market debut, 42% above its 20 sen IPO price.
- The stock hit 28.5 sen intraday, with more than 36 million shares traded by 9.20am.
- Market capitalisation was RM106 million at the last price.
- The transfer from the LEAP Market aims to boost growth and liquidity, according to related reports.
- The IPO was reported as oversubscribed 85.28 times; check the prospectus for offer size and funds raised.
Frequently Asked Questions
What was RedPlanet’s IPO price?
RedPlanet’s IPO price was 20 sen per share. The stock opened at 27 sen on its ACE Market debut, up 42% from that price.
Which market is RedPlanet now listed on?
RedPlanet Bhd (KL:RPLANET) moved its listing from the LEAP Market to the ACE Market. The debut took place on Thursday, Oct 22.
How many times was RedPlanet’s IPO oversubscribed?
A related report states that RedPlanet’s IPO shares were oversubscribed 85.28 times. The figure is from a headline, so check the prospectus for full offer details.
What is RedPlanet’s market capitalisation?
RedPlanet’s market capitalisation was RM106 million based on the last price in the debut report. The figure changes with the share price.
How do I apply for a Bursa Malaysia IPO through M+ Global?
Use the M+ Global app with invitation code UBZQ and a direct CDS account in your own name. Only one application per IPO is allowed, and WhatsApp +60169059789 is available for assistance.
Source: View Original Article — The content is based on the original publisher. Refer to the original content for accurate info. Contact us for any changes.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
Want to invest in Bursa Malaysia or US markets? Contact Dexter Chia, an AI Driven Remisier who has 2,200+ clients at Malacca Securities Sdn Bhd (M+ Global). M+ Global Invitation Code: UBZQ | WhatsApp: +60169059789 | Why Choose Dexter?
