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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

iFAST Corporation - Balloting Results

iFAST Corporation announced a strong set of IPO subscription results where the shares were 12.4x subscribed. The over-allotment option was exercised and in this regard, an additional 3.28m shares were issued. This will be used to support the share price should it decline below the IPO price on debut.

Public Allocation


Public investors who applied for 100 lots will have a 40% chance and get 11 lots.


It is interesting to note that the directors came out in full force to support the IPO and that 3 other reputable investors subscribed for more than 5% of the IPO tranche. It's a pity they didn't disclose the number of shares alloted to them.

Overall, i am surprised by the strong subscription results and the CEO attributed to strong support by institutional investors, especially those from London.

 

Let's see if the IPO will perform to expectations tomorrow. 

Happy iFASTing


Comments

Anonymous said…
Reach 1.01.
K said…
Hi.. where is the quickest place online to see the ipo ballot results?

Thanks
Anonymous said…
Noluck! Ask 5 got 0