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

Courts Asia Limited Balloting Results

Courts Asia Limited ("Courts") released its IPO balloting results tonight.

The press release is here and the balloting results is here.

The demand seemed pretty hot with institutional demand more than 3.4x oversubscribed and the retail tranche was 24.4x oversubscribed.  

The Public Tranche Balloting Ratio


Seemed like people who applied for 100 lots have the best chance as 40.9% of the public tranche was allocated to them...sigh... seems like i should have stuck to my conviction and not have cut back my application for each account!  

My Balloting Results


Only one of out two accounts was successful. I also applied 50 lots for the other account.

Good luck to all who is successful. You should be able to stag out if US market cooperate tonight and dua cheong... otherwise just cross your fingers and hope US markets don't create trouble... :)

Happy IPOing.

Comments

Anonymous said…
dow jones going up now: 36.85

let's pray it stays this way or dua chiong.

I am the guy who applied 21 lots and got 3 lots. I am happy that Courts were very generous in their ballot in terms of you get a two in one chance of getting something for almost every single tranche (1-9, 10-49, 50-99 etc).

That said, I personally prefer that the chances of getting be lesser and then those who get, will get more lots. So instead of 23:50 ballot ratio, we can have 10:50 with the person getting more say instead of 3 get 5 lots?

What do you think? My rationale is simple: More people hold the stock more likely that someone will panick and sell cheap at the opening bell (Hu An Cable remember???)

Also, the lesser lots you get means it is v hard to break even, those get say 2 or 3 lots, is hard to recoup unless share price dua chiong.
Mr. IPO said…
US never Cheong but at least it boh crash. Haha.

I think retail trache usually won't "move" a needle so how it perform post IPO will depends on who they place out the shares to. As you can see, they couldn't satisfy the institutions as well, so there might be some support post IPO. Plus the over allotment was "activated" so there will be some support if price drops below IPO price.

On the whole, it is tough to make a lot of money from punting IPO, so just treat it as a tikam game unless u have access to placement tranche of good counters...
Anonymous said…
Mr IPO. Any idea how many units one would get if one went in through placements? What would be the initial capital outlay compared to going in for public portion, since notice that the oversubscription rate was lower for placements.
Mr. IPO said…
It depends on what role u are playing la. if u are HNW, then more lots. If u are part of their IPO club then probably 5-20 lots. If u are just giving names to make up the 1,000 shareholders then 1-5 lots.
Anonymous said…
Hi I made very little kopi $$$, but thanks for the advice, your advice was sound in general.

I should have made 150 (selling at 0.83), but I only make 90 (selling at 0.81), I had 3 lots. Had a lecture and missed the opening bell, by the time I saw the share was on a free fall. Now 0.785 dead duck
Mr. IPO said…
haha as long as you know your own risk profile. Disappointing debut. I watch it hit 83 but the subsequent sell down caused me to exit at 81.