UG Healthcare announced its balloting results where its overall IPO was 11.5x oversubscribed.
The balloting results are as follows:
It is quite difficult to get the shares from the public tranche and if you apply 100 lots, your probability is around 11% and you will get 10 lots.
It is interesting to note that the placement tranche holders are Centurion Private Equity (the outfit from Han Seng Juan and David Loh). I have not seen KSC (S) Pte Ltd nor Lim Hoe Kok before. If you know who they are, please tell me. hahaha
UG Healthcare should do well on debut.