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Singapore Institute of Advanced Medicine Holdings Ltd

Singapore Institute of Advanced Medicine Holdings Ltd ("Sam" or the "Company") is offering 114m new shares comprising 4.415m Public Offer Shares and 109.585m Placement Shares at $0.23 each for a listing on Catalist.  The Company aims to raise $26.2m and the majority of the proceeds will be used to repay debt and the balance for working capital. The market cap based on the IPO price is $231.8m and the offer will close on 14 Feb at 12 noon and starts trading on 16 Feb 2024 at 9am.   Principal Business SAM is a healthcare service provider using advanced technology for early and accurate diagnosis to detect and treat cancer, neurodegenerative and cardiovascular diseases.  SAM has strategic collaborations with public and private institutions for research and clinical work.  SAM's goal is to create a comprehensive one-stop ambulatory cancer centre to undertake the challenges to fight cancer and is one of the first to adopt proto beam therapy treatment in Singapore. Fi

Is multiple applications for IPO permitted?

I think many investors were asking this question on whether multiple applications are allowed for IPOs. The answer is - it depends usually on the size of the issue. 


For small IPO issue where they have trouble attracting the 'minimal' 500 or 1,000 shareholders, multiple applications is strictly not allowed. This is because the IPO issue manager is trying to ensure a reasonable spread among investors such that they are able to fulfill the minimum number of shareholders listing requirement. 


For big IPO issues such as Global Logistics or Mapletree Industrial Trust, they have no issue or problems attracting and meeting the minimum shareholders requirement. In such IPOs, you can still apply at the ATMs using CPF or Cash even though you are already allocated some shares under the placement tranche. This is because during the book-building exercise, the issue manager already know that they have met all the listing requirements, especially the minimum no. of shareholders requirement.


Hope this answer the query you have. For avoidance of doubt, do consult your remisier or broker but of course, the 'never do homework' ones will not be able to advise you properly. Happy IPO investing.

Comments

Anonymous said…
i tried apply second applications for the mapletree but was not allow eh..
Mr. IPO said…
Err... who forbid you ah? I got both public and private placement tranche.
Anonymous said…
Hi, though I sounds noob, but may I ask a question on how to apply for private placement of shares?
Mr. IPO said…
You can either be the bank's private banking clients or IPO club members. Sometimes you can also ask the dealers for the allocation if you generate good brokerages to them.
Anonymous said…
Oh i see, thanks for the information :)
Jones said…
Hi, what if you apply twice for IPO through the bank? (ie both public tranches) Will it still be possible?
Mr. IPO said…
I believe that will be considered multiple applications and not permitted. But as i mentioned, it really depends on the size of the issue, so it wont be good to check with the broker before doing such silly' things hahaha....