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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

PACC Offshore Services Holdings Ltd - Balloting Results

The balloting results is finally out at 10pm.

Please find below the balloting table for the public tranche.


While the chances to get is almost 68% to 100%, at least they are kind enough to give you less than what you asked for. Investors who applied for 50 lots will almost "guaranteed" to receive about 11 lots.

Over-allotment

The over-allotment issue is also triggered, meaning that the stablizing manager will buy if the share price drops below the IPO price of $1.15.

Institutional Investors

The institutional investors are almost "absent" except for Lion Global (under OCBC/Great Eastern) and under Fullerton Fund Management Company. I don't think they will be of much an impact to the debut.

The shares will start trading at 9am tomorrow morning.

Happy IPOing if you have bought.


Comments

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