Investors who applied for 100k shares will have a 2:25 chance of getting 6,000 shares.
The insiders, including the relatives of the founders and Heliconia (via Vanda 1 Pte Ltd) supported the IPO strongly with Vanda 1 subscribing for an additional 27.7m shares in addition to the share it held currently.
"We are very encouraged by the positive response to our IPO from the investors, and we believe their warm reception underscores the strength of Kimly's business fundamentals and our future growth potential. Goingforward, we will be focusing on using technology to increase our operational efficiencies as well as to cater to the increasing number of tech-savvy customers, such as providing an online platform to order our foodproducts." - Mr Vincent Chia (谢书强), Executive Director of Kimly
Good luck to those who managed to get the shares! Huat ah..