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Singapore IPOs: Why I No Longer Cover Every Listing

Some readers may have noticed that I have not been writing about every Singapore IPO since last year. The simple reason is that life has become busier. Between my day job, an increasingly packed travel schedule, family commitments and desire to play more golf, I have become much more selective about how I spend my time.  Writing detailed IPO reviews takes time — reading prospectuses, analysing financials, comparing valuations and understanding the competitive landscape. While I still enjoy investing and writing, I no longer feel the need to cover every IPO that comes to market. Instead, going forward, I will probably focus only on IPOs where I am seriously considering investing my own money or where there is something particularly interesting that is worth discussing. I suspect this will make the blog more useful as well. Rather than writing about every deal, I can spend more time sharing my thoughts on the handful that I believe deserve attention. That bring...
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Acromec Limited - Balloting Results

Acromec Limited announced that its IPO received strong interest from investors where its shares is about 5.3x subscribed. Below is the excerpt from its Managing Director on the strong response.

Mr. Lim Say Chin, Executive Chairman and Managing Director of Acromec, said: "We are deeply encouraged by the strong investor support we have received for our IPO. This is a clear demonstration of the confidence that the investment community has in Acromec's proven track record and promising prospects in serving the growing healthcare, biomedical, and research and academia sectors."

The balloting table is as follows:


Investors who applied for 100,000 to 499,900 shares have the highest allocation to the shares and a 30:99 probability. They will get be allotted 7,000 shares. 

Mr. IPO is unsuccessful for both accounts for the public tranche :(


The placement tranche is pretty well supported with Alan Wang from Asdew Acquisitions allotted 5.7m shares. 

Good luck to those who applied and got it. Let's see if it performs well on Monday.
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Anonymous said…
What do you think will be the debut price? Btw the placement shares weren't fully subscribed, does that mean demand is not hot enough
16 April 2016 at 06:57
Mr. IPO said…
It's 5x subscribed. Not sure what you meant by not fully subscribed....
16 April 2016 at 07:34
Anonymous said…
. Of the 25,500,000 Placement Shares (comprising 22,500,000 Placement Shares and 3,000,000 Reserved Shares) available for subscription, 25,324,000 Placement Shares have been validly subscribed for and application monies for these Placement Shares amounted to approximately S$5.6 million. The 176,000 Placement Shares that were not validly subscribed for have been made available to satisfy excess applications for the Offer Shares.

It says the placement share weren't fully subscribed and thus made available to public tranche
16 April 2016 at 11:19
Mr. IPO said…
Haha ok. Maybe invalid applications. 176k not a lot la.
16 April 2016 at 13:01
Anonymous said…
Like this considered strong demand meh only 5 times subscribed
16 April 2016 at 18:23
Mr. IPO said…
Not I say one. Hahaha company say one. Lol.
16 April 2016 at 19:01
Anonymous said…
Thanks Mr Ipo, but i kan cheong, hit the sell button at 0.255...

Hopefully this strong listing will trigger more ipos in coming month!
18 April 2016 at 14:41
Anonymous said…
Meet your target range! Again, very well analyzed. :-)
19 April 2016 at 16:54
Mr. IPO said…
Welcome ! Hope you made some money...
19 April 2016 at 18:19
Anonymous said…
brought at 0.305 lol...
20 April 2016 at 12:59
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