Bus Cap Bhd began trading on the ACE Market at 26 sen per share, a 13% premium over its IPO price of 23 sen on June 3, 2026 [1, 2, 3]. The stock surged from the IPO price to an intraday peak ranging between 30.5 sen during morning trading and 35.5 sen by midday according to differing reports [1, 2, 3].
Around 9:15 a.m., approximately 35 million shares had changed hands with the share price near 30 sen, reflecting strong early investor interest [1, 2]. By 12:30 p.m., the price rose to 34.5 sen with total trading volume reaching 88.92 million shares [3].
Bus Cap’s market capitalization after the IPO stood at about RM115 million [1, 2]. The public tranche of the IPO was oversubscribed by about 72 times, demonstrating robust demand from retail investors [3]. The company raised approximately RM24.69 million through the IPO. These funds will be used to expand production facilities, invest in semi-automated equipment, support operations capital, and cover listing expenses [3].
Bus Cap is an Ipoh-based bus manufacturer with over 50 years of experience, providing bus manufacturing, assembly, and maintenance services primarily in Malaysia and Singapore [3]. The company’s executive director Huang Zongyang expressed pride in listing a firm with a 58-year heritage, saying the strong IPO response reflected investor confidence in its fundamentals [3].
Despite different reports on the exact intraday peak price, consensus shows a strong and sustained gain from the IPO price throughout the debut day. Trading activity was heavy with tens of millions of shares changing hands by midday.
Bus Cap’s successful debut follows its public listing on June 3 and sets a base for its next phase of growth supported by fresh capital.
