Saturday, 16 April 2016

Acromec Limited - Balloting Results

Acromec Limited announced that its IPO received strong interest from investors where its shares is about 5.3x subscribed. Below is the excerpt from its Managing Director on the strong response.

Mr. Lim Say Chin, Executive Chairman and Managing Director of Acromec, said: "We are deeply encouraged by the strong investor support we have received for our IPO. This is a clear demonstration of the confidence that the investment community has in Acromec's proven track record and promising prospects in serving the growing healthcare, biomedical, and research and academia sectors."

The balloting table is as follows:


Investors who applied for 100,000 to 499,900 shares have the highest allocation to the shares and a 30:99 probability. They will get be allotted 7,000 shares. 

Mr. IPO is unsuccessful for both accounts for the public tranche :(


The placement tranche is pretty well supported with Alan Wang from Asdew Acquisitions allotted 5.7m shares. 

Good luck to those who applied and got it. Let's see if it performs well on Monday.

11 comments:

Anonymous said...

What do you think will be the debut price? Btw the placement shares weren't fully subscribed, does that mean demand is not hot enough

Mr. IPO said...

It's 5x subscribed. Not sure what you meant by not fully subscribed....

Anonymous said...

. Of the 25,500,000 Placement Shares (comprising 22,500,000 Placement Shares and 3,000,000 Reserved Shares) available for subscription, 25,324,000 Placement Shares have been validly subscribed for and application monies for these Placement Shares amounted to approximately S$5.6 million. The 176,000 Placement Shares that were not validly subscribed for have been made available to satisfy excess applications for the Offer Shares.

It says the placement share weren't fully subscribed and thus made available to public tranche

Mr. IPO said...

Haha ok. Maybe invalid applications. 176k not a lot la.

Anonymous said...

Like this considered strong demand meh only 5 times subscribed

Mr. IPO said...

Not I say one. Hahaha company say one. Lol.

Anonymous said...

Thanks Mr Ipo, but i kan cheong, hit the sell button at 0.255...

Hopefully this strong listing will trigger more ipos in coming month!

Mr. IPO said...

Congrats !

Anonymous said...

Meet your target range! Again, very well analyzed. :-)

Mr. IPO said...

Welcome ! Hope you made some money...

Anonymous said...

brought at 0.305 lol...

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