Friday, 17 March 2017

Kimly Limited - Balloting Results



Kimly announced that its IPO of 173.8m shares were collectively 8.3x subscribed on an overall basis. My back of envelope computation showed that the public tranche was 336x subscribed.

For investors who applied for the public tranche, the balloting table is presented below:


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. Going 
forward, 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 food
products."  - Mr Vincent Chia (谢书强), Executive Director of Kimly

 Good luck to those who managed to get the shares! Huat ah..

Mr. IPO

5 comments:

臥龍鳯雛 said...

Never tio...

Pow Sern Chiang said...

What price do you think Kimly will debut in open market?

Mr. IPO said...

Already wrote that in my blog post leh... 😂

Anonymous said...

can you image the 120% pop?

Esther Chen said...

Mr IPO, will you be writing on the F&N 5 years 3.09% bond ?

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