Skip to main content

IPO Chilli Ratings

IPO Chilli Ratings
Click to understand how it works

Featured

Posted by

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
Post a Comment
Read more
Labels
Posted by

OTS Holdings Balloting Results



OTS holdings Limited ("OTS") announced that its public offering was 233.6x subscribed. This is not surprising considering that the public offer has only 1m shares. 
 
Managing Director of OTS Holdings, Mr. Ong Bee Chip said: "We are pleased with and thankful for the strong confidence that investors have in OTS Holdings' brand portfolio and growth plans for Asia's consumer markets. With our IPO, we intend to accelerate our expansion plans in regional markets, particularly in Malaysia and the Philippines. In addition, leveraging on our R&D capabilities, we will be looking to introduce our shelf-stable plant-based food products by early 2022." 

The placement and balloting table is presented below. 
 
Given the small float and strong demand, the chances of being allocated some shares are pretty low. You can see that investors who applied for 10,000 to 49,000 shares received the bulk of the allocation (39%) but they only have a 11% chance of getting 2,000 shares each. Investors who applied for 1m shares or more have a even lower probability of being allotted 10,000 shares. 



Looking at the list of substantial applicants, you can see some familiar names in the IPO scene such as Alan Wang from Asdew Acquisitions  as well as Ong Pang Aik (Lian Beng). The presence of these "smart" individuals could provide some "comfort" to investors on the sideline as they are known hold for a longer period (i.e. not sell out on the first day).  

Happy Golden Bridging ... and good luck to those who received some shares! 
Email Post
Labels:

Comments

Post a Comment