Skip to main content

IPO Chilli Ratings

IPO Chilli Ratings
Click to understand how it works

Featured

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

Goodland Group Limited

Goodland Group Limited is placing 30m new shares at 20cents each for a Catalist listing.  The company is a boutique property developer engaged in the development and sale of residential properties in Singapore.  The company focused on small and medium sized landed housing and residential apartments.The offer will close on 6 Oct 2009.

Based on the IPO price, the company is priced at a premium to its NTA by 266% and at 16.7 times FY 2008 PER based on the post IPO share capital and pro forma earnings assuming the service agreements were in place.

Personally, i never like property developers as the earnings are likely to be lumpy, subject to market cycles and hard to predict as revenue comes on stream. The overpriced IPO is not helping and with the weak market sentiments, it will be amazing if it can do well on debut.

Comments