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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

Soilbuild Construction - Balloting Results

Soilbuild announced that its IPO was 7.5x subscribed.

The balloting results as follows:


As you can see, it is quite difficult to get a meaningful allocation unless you apply 500 lots (outlay of $125k) of which you then receive 5 lots. Anything less than 500 lots, you get only 1 or 2 lots and the chance of getting it is quite low anyway and can't possibly cover the brokerage unless the IPO opens strongly.

I didn't apply so no "IPO results" to show you.


Comments

Anonymous said…
The company or its underwriting bank should have some common sense ....
What is the purpose of giving one lot??

To help generate business for SGX???
Mr. IPO said…
To meet the 1,000 shareholders requirement.
Anonymous said…
On Friday, STI has dropped 61.2 points, seem like beginning of "Sell on May and go away".

With your expertise, what will be the 1st Day Closing Price of this IPO.

Thanks in advance.
Mr. IPO said…
My guess is that it will open between 27-30c.
Anonymous said…
Got lucky, 2 lots! :)
Anonymous said…



[[ anonymous 7 ]]


re : What is the purpose of giving one lot??

=================

I think this is because retail "investors" flip and stag too much.

So, just allocate nothing to retail investors. That will solve the problem.

Just and deserved desserts.

Mr. IPO said…
My "syndicate friend" says 35c and above. Lets see :)
Anonymous said…
brother IPO, soilbuild 0.390. listing price 0.25, even 1 lot also huat big lei. u sure about asia tv ipo? sentiment so good maybe we can make kopi $$$
Mr. IPO said…
Haha. I am not sure but also prove my "syndicate" friend very zhun. :-P

APTT is tricky as the float is too big and difficult to "control" but may attract yield hungry investors. There are one or two buy reports being circulated by the professional analysts. You may want to read their reports and make your own decisions. ^_^
Anonymous said…
what your syndicate friend say about asian pay tv? hahahas
Mr. IPO said…
haha checking with him now :P

I am seriously undecided whether to apply or not. I am thinking of punting but the huge float is always a big worry. hahaha
Anonymous said…
This IPO offer price was 25 cents but 1st day open price was 37 cents. How does 37 cents was determined?

1st day closing price was 36 cents but 2nd day open price was 35.5 cents. How come open price was 35.5 cents instead of 36 cents?

Thanks in advance.
Mr. IPO said…
It's all demand and supply la.
Anonymous said…
How come 1-2 lots then cannot cover.the brokerage.