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Gaylin Holdings Limited (Preview)
By Mr. IPO  •  September 27, 2012
Just after i complained about a Singapore IPO Famine on Tuesday, someone asked me today if I want to subscribe for the placement shares of the upcoming company - Gaylin Holdings Limited. The draft prospectus is here. Finally i see some decent local company going for IPO!



Hence the reason for the preview this time (usually i not so free :-P).

Anyway, the indicative issue statistics as follows:

Existing no. of shares = 300m.
New shares to be issued pursuant to the IPO = 110m
No vendor share sale

IPO price = S$0.35 - S$0.37
Total IPO raising = S$38.5m - S$40.7m
Market cap @IPO = S$143m - S$151m
Target IPO launch date is mid Oct.

My "gut" feeling of the IPO as follows:

  1. Current market sentiment is positive and that should spill over to the IPO.
  2. Company is in the Oil and Gas sector which ...
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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