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IPO Chilli Ratings

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Happy Chinese New Year 2026

The Horse is a symbol of freedom, independence, stamina, and spirited adventure. The colour Red and the Fire element are associated with passion. Fire is also associated with clarity and change. The Horse is also associated with speed, confidence, and energy.  Wishing all readers a Healthy and Prosperous Year of the Horse and continue to gallop strongly in your pursuit of financial freedom!
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Mercator Lines (Singapore) Limited

Mercator Lines is a leading Indian-owned international dry bulk shipping company focused on India and other high growth markets such as China.

This IPO was launched while I was on my annual vacation, thus there is no write up on it.

Anyway, it has proven to be a flop as it was priced at $0.76 eventually, versus an initial indicative price range of $0.76 to $0.94. Even then that did not help as it closed at 60cents on the first day of its debut, which is 21% below its IPO price!

What a disappointment and it further worsen the IPO sentiments in Singapore.
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