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IPO Chilli Ratings

IPO Chilli Ratings
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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

Far East Hospitality Trust Balloting Results

Far East Hospitality Trust released its balloting results this evening. The response was pretty good with the public tranche 14.6x oversubscribed and even the over-allotment of 65.9m shares were exercised, which means the stabilizing manager will step in should share price falls below 93c.

The balloting table are presented below for your convenience.


The probability of getting the shares are pretty good at 40% or better.

My balloting results


I have another 4 lots from placement tranche, looks like a good IPO year for me?

Happy IPOing

Comments

tim12345 said…
hi sir,

i believe i got 3 lots as well, i applied for 11 and based on the money they refunded into my bank, it should have been a successful application.

however, how do i check and confirm this status?
Mr. IPO said…
If u apply via ATM or Internet banking, you can check under the results of ESA Application. Alternatively, if you have online CDP access, you can check your CDP account. The most primitive method will be to wait for the confirmation slip form CDP but that will come 3-4 days later.
tim12345 said…
yup thank you. i checked and confirmed that i have 3.
since i'm here, i'd just say that you have a very interesting blog. keep updating!
noosabum said…
Hi Everyone,

With regards to the statement below:

"Over-allotment of 65.9m shares were exercised, which means the stabilizing manager will step in should share price falls below 93c."

Just wondering what does this mean? Is there a duration for this stabilizing action if the price drop below 93c?
Mr. IPO said…
Usually the stabilization manager has the mandate to do it for one month post IPO and they can decide the time and price to buy but the max no of shares will be as pre determined.