Union Gas - Balloting Results

Posted by Mr. IPO January 22, 2026

The Assembly Place - Balloting Results

This is probably one of the most usual press releases that went alongside the SGX announcement of the balloting results. The Company released a full presentation deck , which is actually quite informative, with information of upcoming pipeline etc (probably the Company felt that it is safer to release this after the IPO closes and not before). The balloting table is as follows: The IPO has drawn strong interest from prominent institutional funds such as Avanda Investment Management (as investment manager for and on behalf of its fund(s)) and Lion Global Investors Limited (as investment manager for and on behalf of its clients), along with prominent investors, including Mr Han Seng Juan, Mr Rudolf Jurgen August Rolles and Mr Chong Soon Kong @ Chi Suim2 , underscoring strong confidence in TAP's investment proposition. Separate from the Invitation, cornerstone investors, namely Apricot Capital Pte. Ltd., Asdew Acquisitions Pte. Ltd., Cache Capital Pte. Ltd., ICH Synergrowth Fun...

Union Gas announced that its IPO drew strong support from investors and was 7.1x subscribed.

Ms. Alexis Teo （张淑婷）, Chief Executive Officer of the Group said: "We are very encouraged by the positive response to our IPO from investors and I extend my deepest appreciation for the confidence they have shown in us. This listing is just the beginning for Union Gas. We have several expansion plans and I hope that our new family of investors will continue to support the Group as we carry out these plans."

The balloting table is presented below for your information:

It is difficult to get the shares through the public offering. Investors who applied for 100,000 shares will have 8% chance of being allotted 6,000 shares.

The placement was quite likely to be placed out to close friends and relatives as well

Good luck to those who managed to get some shares!

Happy "gassing" 😂

Comments

Anonymous said…

It seems like a good turn-out for the Union Gas IPO. I initially thought the Netlink IPO would absorb much of the liquidity from the IPO market and leave little for the subsequent IPOs for the rest of the quarter.

20 July 2017 at 23:03