NauticAWT Limited ("Nautic" or the "Company") is a Singapore headquartered firm offering subsurface, subsea and surface facilities engineering services and contracting solutions for field exploration, development and refurbishments.
The Company has 11 offices across the world and provide a range of solutions for the oil and gas industry.
The Company is offering 28m shares at $0.20 each for a listing on Catalist where 1m is through Public Offering and the balance via Placement. The market cap is around S$37.8m. The IPO will close on 21 July at 12pm and start trading on 23 July 2015.
Financial Highlights
I like the revenue and profit growth trajectory. According to the prospectus, the Company has an order book of US$34.6m and intends to pay 20% of its profit after tax attributable to the owners of the Company as dividend from FY2015 to FY2017.
Looking at the proforma where the acquisition ...