Singapore IPO Research Resources @SGX

IPO prospectus resource is an important research tool for value investors to identify a company's value proposition: business risks, competitors, suppliers, customers, management expertise etc. Highly advocated by value investor Peter Lynch, these resources will help one to achieve the construction of your business story before investing your hard earned money.


Kimly Limited - Balloting Results
Discovered on 17 Mar 2017 at 10:42 am
Kimly announced that its IPO of 173.8m shares were collectively 8.3x subscribed on an overall basis. My back of envelope computation showed that the public tranche was 336x subscribed.For investors who applied for the public tranche, the balloting table is presented below:Investors who applied for 100k shares will have a 2:25 chance of getting 6,000 shares.The insiders, including the relatives of the founders and Heliconia (via Vanda 1 Pte Ltd) supported the IPO strongly with Vanda 1 subscrib...

Kimly Limited
Discovered on 9 Mar 2017 at 9:34 am
Kimly Limited ("Kimly" or the "Company") is offering 173.8m shares at $0.25 each for which 170m shares is via placement and 3.8m shares via a public offering for a listing on Catalist. The offer will close on 16 March 2017 at 12pm and trading will start on 20 March 2017. The market cap based on the IPO price is S$288.7m.Principal ActivitiesKimly is the largest traditional coffee shop operator in Singapore. It operates and manages coffee shops under the "Kimly" brand and food courts under the ...

Dasin Retail Trust
Discovered on 14 Jan 2017 at 2:22 am
Dasin Retail Trust ("DRT" or the "Trust") is offering 151,768,900 units at $0.80 per unit of which only 2m units will be available for the public tranche. There is an over-allotment option of 9,343,300 units in the event the IPO is oversubscribed. A separate cornerstone tranche of $25m of units have been offered to China Orient Asset Management and Haitong International Fund SPC.Its principal investment mandate is to invest, develop income producing real estate in Greater China with initial f...

Samurai 2K Aerosol Limited
Discovered on 13 Jan 2017 at 10:49 pm
For information only. Not spending too much time as the placement is already closed with no public tranche.Samurai 2K Aerosol Limited ("Samurai 2K" or the "Company") is placing out 20m shares at $0.20 each for a listing on Catalist. There is no public tranche and trading will commence on 16 Jan 2017 at 9 am with a market cap of $20m. The link to the prospectus is here.Principal ActivitiesThe Company is headquartered in Malaysia and is a high performance aerosol coating specialist for automoti...

Singapore IPOs Tikams for 2016
Discovered on 26 Dec 2016 at 1:51 am
Some of you may be wondering why i have been missing for so long, well i do sincerely apologize as i have travelling quite a bit. The only thing that reached a record high this year is probably the amount of time i spent in the air . . . I can probably compile an album of all the "airplane food" I had in 2016 but let me do that in another post ^_^Recap of 2016Similar to last year, 2016 is probably another year to be forgotten (only 5 days left). There are 16 IPOs and not many of them have pub...

HC Surgical Specialists Limited
Discovered on 30 Oct 2016 at 5:23 am
HC Surgical Specialists Limited ("HC Surgical" or "the Company") is offering 30m placement shares at $0.27 each for a listing on Catalist and there is no public tranche. The offer will close on 1 Nov 2016 at 12pm and commence trading on 3 Nov 2016 at 9am. The market cap is S$39.5m based on the IPO price.The Company is a medical services group primarily engaged in the provision of endoscopic procedures, including gastroscopies, colonscopies and colorectal procedures in Singapore. Actually you ...

AGV Group Limited
Discovered on 21 Aug 2016 at 10:40 am
AGV Group Limited ("AGV Group" or the "Company") is offering 26.92m shares via placement at $0.22 each, comprising 21.82m new shares and 5.1m vendor shares for a listing on Catalist. The offer will close on 24 August 2016 at 12pm. The market cap based on the IPO price is S$27.7m.I don't intend to spend too much time on this IPO as all the shares are placed via placement.The Company is one of the leading providers of hot dip galvanizing services in Singapore to steel and iron fabrication indus...

China Jinjiang Environment - Balloting Results
Discovered on 2 Aug 2016 at 9:59 pm
The balloting results is out for China Jinjiang but CICC is probably not so "experienced" with our local regulations and the launch is delayed till 2pm. There were any announcements and the following were sourced from the Straits Times. Everyone who subscribed for the public tranche will be allotted some shares. The bulk goes to investors who subscribed for 50,000 shares and they will be allotted 38,000 shares. The substantial placement holders are listed above. You decide for yourself if the...

China Jinjiang Environment Holding Company Limited
Discovered on 30 Jul 2016 at 12:45 pm
China Jinjiang Environement Holding Company Limited ("China Jinjiang") or ("the Company") is offering 92,419,300 shares at $0.90 each for a listing on SGX where 87,798,300 shares will be via placement and 4,621,000 shares via public offering. The IPO will close on 1 August at 12pm. Assuming over-allotment is not exercised, the market cap will be $1.08 billion. Principal ActivitiesThe Company is the first private Waste-To-Energy ("WTE") operator in the PRC and is the leading WTE operator with ...

Wong Fong Industries Limited
Discovered on 24 Jul 2016 at 5:11 am
Wong Fong Industries Limited ("Wong Fong" or the "Company") is placing out 43m shares at $0.23 each for a listing on Catalist. There is no public offering and the offer will close on 26 July at 12pm. The market cap at IPO will be $54.1mThe Company is a provider of land transport engineering solutions and systems for various industries with a presence in Singapore, Malaysia and the PRC. The core businesses are:sale and installation of equipmentdesign, customisation, engineering and integration...

Discovered on 23 Jul 2016 at 11:55 am
EC World REIT is offering 188,125,600 Units at S$0.81 per Unit where 7.5m units will be made available to the Public while the rest are placed out. In addition to the offering, EC World raised another S$194m through the issuance of Cornerstone Units to Bank of Communications, Fosun International and China Cinda Asset Management.EC World can also over-allot another 31.1m of Units for this offering in the event of high demand. The Sponsor is Forchn Holdings Group Co., Ltd and the IPO will close...

Afterthoughts on Procurri ratings
Discovered on 21 Jul 2016 at 10:51 am
Readers of my blog know that i hesitated quite a bit when I gave my ratings on Procurri over the weekend. In fact, i was quite hesitant to give it a 2 chilli rating but what eventually made me do it was the positive sentiments and demand from so-called "branded institutions" and you saw 4 of them in my update on balloting results.Well, the beliefs that DBS was a "picky" manager and the presence of long only institutions is good for the IPO are probably "unfounded". The IPO didn't open as i ex...

Procurri Corporation Limited - Balloting Results
Discovered on 19 Jul 2016 at 8:19 am
Procurri Corporation Limited ("Procurri") announced that its IPO was 1.9x subscribed where the public tranche of 6.88m shares were oversubscribed by 10x.Commenting on the strong response from investors, Mr. Sean Murphy, Procurri's Global Chief Executive Officer, said, "We are elated with the broad-based support from both institutional and retail investors. The results reflect investors' appreciation for Procurri's investment story and a mark of confidence in our management's capabilities. Bui...

Katrina Group Ltd
Discovered on 17 Jul 2016 at 12:04 pm
Katrina Group Ltd ("Katrina" or the "Company") is placing out 35.8m placement shares at $0.21 each for a listing on Catalist. The IPO will close on 22 July 2016 at 12pm. The market cap is around S$48.6m based on the IPO price.Katrina is an operator of restaurants and cafes under different F&B Brands and concepts. The portfolio of names under Katrina are listed belowIt has a portfolio of 34 restaurants. Financial HighlightsBased on the enlarged share cap and assuming service agreement is in pl...

Procurri Corporation Limited
Discovered on 16 Jul 2016 at 11:40 am
Procurri Corporation Limited ("Procurri" or the "Company") is offering 68.88m new shares comprising 62m placement shares and 6.88m Public shares at $0.56 each. It has been a long while since we see a non-REIT listing on the main board.The IPO will close on 18 July 2016 at 12pm and start trading on 20 July. The market cap of Procurri based on the IPO price is around $156.8 million.The Company is a leading global independent provider of Data Centre Equipment and Lifecycle Services and aims to b...

Advancer Global Limited - Balloting Results
Discovered on 8 Jul 2016 at 10:28 am
Advancer Global announced that its shares have been 5.5x over-subscribed. The public tranche of 2m shares were about 98x subscribed! It is interesting to note the intent of the management in the press release which is reflected in the balloting ratio."We are heartened by the strong vote of confidence from both the retail and institutional investors. The balloting ratio reflects the management's intent to distribute to a wider and diversified group of investors to participate in the future ...

Happy 9th Anniversary !
Discovered on 7 Jul 2016 at 10:55 am
Singapore IPOs turned 9 years old today!  It has been a amazing journey that started 9 years ago on 07.07.07. Here is a quick recap on the various "milestones". July 2007 - the Singapore market was on a bull run and S chip was raging hot. Yours truly decided to start a blog to write on companies going for IPO so that I can decide whether to apply for those shares. In 2007, I wrote a few articles back then that may still be applicable today. For the benefit of new readers, they are:1. How to i...

United Global Limited - Balloting Results
Discovered on 5 Jul 2016 at 10:53 pm
United Global announced that its placement is fully subscribed. Nothing of significance is announced. Given the small float, let's see if the shares are placed out to strong or weak hands when it debuts on Friday. 

Advancer Global Limited
Discovered on 2 Jul 2016 at 11:27 am
Advancer Global Limited ("AGL" or the "Company") is offering 43m new shares at $0.22 each for a listing on Catalist. The offering comprise 2m shares for the public and 41m shares via placement. The offer will close at 12pm on 7 July 2016 and starts trading on 11 July 2016 at 9am. The market cap based on the IPO price is $38.1m,AGL is an established and diverse integrated services provider offering the following business services:Employment services - one stop shop for sourcing, employment and...

United Global Limited
Discovered on 1 Jul 2016 at 12:29 pm
United Global Limited ("UGL" or the "Company") is placing out 42.8m shares at $0.25 each via placement. The IPO will close on 5 July 2016 at 12pm and be listed on 8 July at 9am. There is no public tranche. Based on the IPO price, the market cap is around S$70.7 million.The Company is an established independent lubricant manufacturer and trader in lubricants and fluids. UGL operates a manufacturing facility in Singapore and supply products globally to customers in over 30 countries.  It starte...

Singapore's bid for Baltic Exchange underlines diversity concerns - Financial Times
Discovered on 29 Jun 2016 at 8:02 pm
Financial TimesSingapore's bid for Baltic Exchange underlines diversity concernsFinancial TimesSGX's year in the doldrums was a stark contrast with 2012, when Formula One was poised to list on the city-state's exchange, though the IPO never happened. There were 22 equity listings in Singapore that year, raising S$4.5bn. The differing fortunes of ...and more »

United Global to launch $9.2m Catalist IPO - Singapore Business Review
Discovered on 29 Jun 2016 at 12:11 am
DEALSTREETASIAUnited Global to launch $9.2m Catalist IPOSingapore Business ReviewSingapore based lubricant manufacturer and trader United Global will launch an initial public offering of 42.8 million new shares (“New priced at S0.25 per share, in conjunction with its listing on the Catalist. The IPO is via placement only, and will ...Singapore: United Global to raise S$10.7m from Catalist IPODEALSTREETASIAall 2 news articles »

Singapore:TMG launches IPO on Nasdaq First North - DEALSTREETASIA
Discovered on 24 Jun 2016 at 2:21 am
DEALSTREETASIASingapore:TMG launches IPO on Nasdaq First NorthDEALSTREETASIAOn June 9th, 2016, The Marketing Group (TMG), a consumer services-oriented holding firm that consists of mostly Singapore-founded digital businesses – Black Marketing, Creative Insurgence & One9Ninety – (and one UK-based company Nice&Polite) listed ...

Frasers Logistics rises in Singapore trading debut - Channel News Asia
Discovered on 21 Jun 2016 at 7:26 am
Channel News AsiaFrasers Logistics rises in Singapore trading debutChannel News AsiaThe debut follows an initial public offering (IPO) which raised about S$903 million, the largest listing in Singapore since 2013 when Asian Pay Television Trust raised about S$1.9 billion. A combination of favourable fundamentals and an ebbing of fears ...Perpetual named trustee in Singapore REIT IPOMoney ManagementEC World REIT to market Singapore IPO worth up to $335 millionReutersSGX recovers from IPO deart...

Frasers Logistics & Industrial Trust - Balloting Results
Discovered on 17 Jun 2016 at 12:03 pm
Frasers Logistics and Industrial Trust ("FLT") announced a strong set of subscription results where the offering was 6x subscribed. It is the largest IPO to-date with S$903m raised.15 cornerstone investors took up ~48.6% of the units on offer and trading will start on 21 June 2016 at 9am."FLT's future growth is driven by a unique multi-pronged growth strategy, both organically through earnings upside from two pre-committed development properties and built-in annual rental increments; as well...

Frasers Logistics & Industrial Trust ("FLT")
Discovered on 15 Jun 2016 at 1:16 pm
Pardon the late and brief analysis as currently tied up with a live dealFrasers launched its logistics and industrial trust with a public offering of 80m units at $0.89 per unit. It is a pure play Australian industrial REIT with an initial portfolio of 51 Australian industrial assets and a market cap of approximately S$1.268b. The IPO will close on 16 June 2016 at 12pm and starts trading on 21 June 2016 and 9am.According to this report, its placement tranche was about 6x subscribed and has be...

Frasers Logistics & Industrial Trust's $683.7m IPO on SGX secures 15 cornerstone investors - DEALSTREETASIA
Discovered on 12 Jun 2016 at 4:14 pm
DEALSTREETASIAFrasers Logistics & Industrial Trust's $683.7m IPO on SGX secures 15 cornerstone investorsDEALSTREETASIAPure-play Australian industrial REIT Frasers Logistics & Industrial Trust (FLT) has launched a S$930 million ($683.7 million) initial public offering (IPO) on the Main Board of Singapore Exchange, drawing 15 cornerstone investors. The REIT manager ...and more »

Frasers Logistics prices Singapore IPO at top end of range, to raise S$903m - Channel News Asia
Discovered on 10 Jun 2016 at 8:44 am
Channel News AsiaFrasers Logistics prices Singapore IPO at top end of range, to raise S$903mChannel News AsiaSINGAPORE: Frasers Logistics and Industrial Trust is set to raise about S$903 million ($666 million) after pricing its Singapore initial public offering at the top of its indicative range in the country's biggest new listing in three years. The real ...Frasers Logistics prices Singapore IPO at top end of range, to raise $666 millionReutersIndustrial trust eyes $903m in largest IPO here...

Frasers Logistics And Industrial Trust's IPO: What Investors Should Know - The Motley Fool Singapore
Discovered on 5 Jun 2016 at 10:29 pm
Frasers Logistics And Industrial Trust's IPO: What Investors Should KnowThe Motley Fool SingaporeSingapore's stock market is home to many real estate investment trusts and business trusts. It appears that a new REIT – Frasers Logistics and Industrial Trust – will be joining the ranks soon. The REIT's sponsor and manager is Frasers Centrepoint Ltd ...Frasers covers S$900m Singapore Reit on day oneGlobalCapitalall 3 news articles »

FCL's Australia industrial REIT seeks $900m in IPO - Singapore Business Review
Discovered on 3 Jun 2016 at 2:39 am
Singapore Business ReviewFCL's Australia industrial REIT seeks $900m in IPOSingapore Business ReviewFrasers Logistics & Industrial Trust is seeking as much as about S$900 million ($654 million) for its Singapore initial public offering, according to people with knowledge of the matter, which would make it the biggest such share sale in the city state ...

Frasers Logistics & Industrial said to seek $900m in Singapore IPO - The Straits Times
Discovered on 2 Jun 2016 at 11:48 pm
Bangkok PostFrasers Logistics & Industrial said to seek $900m in Singapore IPOThe Straits TimesThe share sales this year could give a boost to the Singapore bourse, which saw listings fall to US$366 million in 2015, a fraction of the US$2.6 billion priced the year before, according to Bloomberg-compiled data. At about S$900 million, the Frasers ...Charoen-linked firm plans huge Singapore IPOBangkok PostThai Billionaire Seeks Singapore Listing of Australian AssetsWall Street JournalFrasers pro...

Golden Glory Plans Singapore IPO for Myanmar Property Push - Bloomberg
Discovered on 31 May 2016 at 6:30 pm
BloombergGolden Glory Plans Singapore IPO for Myanmar Property PushBloombergThe Singapore-based company is targeting an $80 million-to-$100 million initial share sale, raising capital to help fund land bank acquisitions in Myanmar, Chief Executive Officer Christopher Wu said in an interview in Yangon. Myanmar's economic ...Golden Glory plans IPO to fund Myanmar projectsThe Straits Timesall 8 news articles »

Hyflux 6% p.a. Perpetual Capital Securities - Balloting Results
Discovered on 26 May 2016 at 9:39 am
Hyflux announced that its public offering of Perps were oversubscribed by around 3x and as a result, the overall offering was upsized the tranche to $500m. All investors who applied will receive something. The Perps will start trading on 30 May 2016 at 9am.Ms Olivia Lum (林爱莲), Executive Chairman and Group CEO of Hyflux, said, "We would like to thank investors for the enthusiastic subscription for the Offer, and thereby believing and participating in our growth as we continue to execute our ...

Hyflux Ltd - 6% Perpetual Securities
Discovered on 20 May 2016 at 10:30 pm
Hyflux is offering up to S$300m perpetual securities at 6% per annum with an option to up-size to S$500m ("Perps") and a majority of the Perps are made available to retail investors.  The offer will end on 25 May at 12pm.The key terms are as follows:**NEW ISSUE: HYFLUX LTD SGD SUBORDINATED PERP NC4 AT 6.00% (SUBJECT TO RESET/STEP-UP FROM AND INCLUDING 27 MAY 2020 AND EACH SUCCESSIVE DATE FALLING EVERY 4 YEARS THEREAFTER) **ISSUER:                Hyflux Ltd ("Issuer")STATUS:                Dir...

Manulife REIT - Balloting Results
Discovered on 19 May 2016 at 10:57 am
Manulife announced that its public offering was 1.6x subscribed. Given that this is a big size offering, it was not difficult to get some via the public tranche. The balloting ratio are as follows:Investors who applied for 50,000 shares will get a 38:50 chance and will be alloted in full. The list of placement shareholders have some interesting names like Dymon Asoa and SeaTown. Let's see if it has any impact on share price performance tomorrow. Best wishes to those who got some shares. ^_^ ...

Harita plans IPO of nickel mining unit in Singapore
Discovered on 5 Jan 2012 at 10:00 pm
January 06, 2012 4:00 AM(SINGAPORE) PT Harita Jayaraya has hired Citigroup Inc and DBS Group Holdings Ltd to manage an initial public offering of its nickel mining unit in Singapore, said two people with knowledge of the matter.

Razer gets US$50m boost from Beijing-based VC fund
Discovered on 21 Dec 2011 at 10:00 pm
December 22, 2011 4:00 AMLEADING video game hardware company Razer has secured US$50 million from a Beijing-based venture capital fund that takes it potentially closer to a public listing, the company said yesterday.

Keong Hong's IPO of 27m new shares fully subscribed
Discovered on 14 Dec 2011 at 12:47 am
December 14, 2011 6:47 AMKeong Hong Holdings Limited on Wednesday announced that its initial public offering (IPO) of 27 million placement shares at an issue price of 24 Singapore cents each was fully subscribed.

Keong Hong offers 27m shares in IPO
Discovered on 8 Dec 2011 at 10:00 pm
December 09, 2011 4:00 AMHOMEGROWN construction services company Keong Hong Holdings has launched its initial public offering (IPO) for a listing on the Singapore Exchange's Catalist board.

Keong Hong eyes Catalist listing
Discovered on 23 Nov 2011 at 10:00 pm
November 24, 2011 4:00 AMCONSTRUCTION services group Keong Hong Holdings Ltd is seeking a listing on Catalist.

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