Overseas Education Limited (“OEL” or the “Company”) is offering 125m New Shares for a main board listing on SGX, of which 3.75m shares will be for the public offer and the balance 121.25m shares via placement. The shares will be  offered at $0.48 each. The prospectus is here. The offer will close on 5 Feb at 12pm and starts trading on 7 Feb 2013. The market cap based on the IPO price will be around S$187.4 million.

OEL is a private foreign system school in Singapore, offering the K-12 IB curriculum for children aged 3 and 18 years. OEL is one of the top 3 foreign system schools in Singapore and according to the prospectus, has a 10.3% market share here. The Company currently has a staff strength of 501 and 3,753 students. The Company is running at almost full capacity and is in discussions with …