Free RM1,500*Open Moomoo AccountRM0.38/share · RM30.4M raised · Listed: 6 May 2026
IPO Price
RM0.38
Proceeds
RM30.4M
Oversubscribed
TBC
1st-Day Gain
TBC
Manforce Group Berhad provides foreign worker recruitment, placement, and workforce management services in Malaysia. The company manages the end-to-end process for employers hiring foreign workers, including documentation, levy management, and compliance. Listing on ACE Market at RM0.38/share raising RM30.4M.
No research house has published a fair value for Manforce Group Berhad that we can verify. That is common for smaller ACE Market listings, which often get no analyst coverage before debut — it means there is no professional valuation anchor for this IPO, and the offer price is the only reference point you have. Read the prospectus rather than relying on an estimate that does not exist.
Work out which balloting tier your capital reaches — and the smallest application that reaches it.
Your tier
Tier 6 — 11,000 to 19,900 shares
Apply for 11,000 shares (110 lots) at a cost of RM4,180.00.
Your capital could stretch to 13,100 shares (RM4,978.00), but that sits in the same tier — the ballot treats both applications identically. Applying the tier minimum instead frees RM798.00 with no change to your chances.
To reach Tier 7 (20,000+ shares) you would need about RM7,600.00. Higher tiers are balloted for larger allotments, though they also commit more capital.
Tier boundaries are standard across Bursa ballots. How many shares each tier actually receives is different for every IPO — it depends on the size of the public tranche and how many people applied, and is only published in that IPO's basis-of-allotment notice after balloting. This tool shows which tier you reach and the efficient application; it cannot predict your allotment, and neither can anyone else before the ballot. Boundaries verified against a Malaysian Issuing House basis of allotment.
Download Moomoo Malaysia app
Available on iOS and Android. Create an account with full KYC (IC + selfie). Free to register.
Open CDS Account-IPO
Go to Accounts → CDS Account-IPO. Fill in personal and bank details. Processed in under 2 business days.
Fund your Moomoo account
Transfer ringgit into your Moomoo cash balance. Minimum 1 lot × IPO price (e.g. 100 shares × RM0.38 = RM38).
Find Manforce Group under IPO section
Tap Markets → IPO. Select the listing when it opens for subscription. View company details and subscription period.
Submit your application
Enter number of lots, confirm funding method (cash or IPO financing at 6.8% p.a.). Fees: RM0 subscription fee.
Wait for balloting results
Results shown in-app. If not allotted — no charge. If allotted — shares go to your CDS Account-IPO then Moomoo account.
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Monthly DCA growth at 10% p.a. (S&P 500 hist avg)
| Monthly | 10 yrs | 20 yrs | 30 yrs |
|---|---|---|---|
| RM300/mo | RM61k | RM228k | RM678k |
| RM500/mo | RM102k | RM380k | RM1.13M |
| RM531/mo | RM109k | RM404k | RM1.2M |
*Complete deposit & first trade via this link to track rewards · T&Cs apply · RM100 coupon ≥RM1,000 deposit · AAPL stock ≥RM30,000 deposit.
12.5% of enlarged share capital and 50% of public spread shares are reserved for Bumiputera investors. Apply through the MITI portal at sahamonline.miti.gov.my — separate pool means less competition.
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