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IPO Chilli Ratings

IPO Chilli Ratings
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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

MindChamps Preschool Limited - Balloting Results


MindChamps Preschool Limited announced that its overall IPO was 21.4x subscribed and the public tranche was 83x subscribed. Other than the Cornerstone Investors, Institutional investors who has been allotted 5% of more of the Offering Shares include:
  • ICH Capital Pte Ltd
  • Island Asset Management Pte Ltd
  • JF Asset Management Limited
  • SUTL Holdings Pte Ltd
Mr. David Chiem Phu An, Founder CEO and Executive Chairman of MindChamps PreSchool
Limited said: "The positive demand from both institutional and retail investors is a strong testament to MindChamps PreSchool's unique investment proposition and cutting-edge 3-Mind education model. Building on our leading position as the largest operator and franchisor of premium preschools centres in Singapore, we plan to strengthen and expand our presence overseas to take the MindChamps movement from Singapore to the world and capture the growth of the early childhood education industry globally."

"The successful listing is an important milestone in our efforts to empower more students with the values, mindset and skills to achieve their full potential in life. Going forward, we will continue to uphold and maintain our reputation for excellence and  deliver long-term value to all our stakeholders - from students, to parents and shareholders alike."

Public Offering Balloting Table

The balloting table is presented below. There are less retail friendly and reward the "rich", where if you apply for 1m shares, you will be guaranteed of 28,000 shares. Investors who applied for 1 to 19,000 shares have a 10% chance.

Mr. IPO has a few shares from placement but wasn't "lucky enough" for its ATM application...


Good luck to those who managed to get some! 

Happy Mindchamping...

Comments

Anonymous said…
any reason that they choose to allocate to all applicants who applied more than 1 mil? Its unlike other IPO balloting right where huge application will also be subjected to balloting (i.e. ratio)?
Mr. IPO said…
It's really up to the issuer and bankers...
Unknown said…
Any write-up on No Signboard?
Anonymous said…
same here, waiting for the write up on no signboard
Mr. IPO said…
This weekend. :)
Unknown said…
Am waiting for your review for no signboard