Acromec Limited ("Acromec" or the "Company") is offering 27m New Shares at $0.22 each. 1.5m shares will be via public offering and 25.5m via placement. The IPO will close on 14 April 2016 at 12pm. The market cap based on the IPO price is around $26.46m
The Company is a Singapore-based specialist engineering services provider with 20 years of experience in the design and construction of facilities requiring controlled environments such as:
- Cleanrooms
- Medical and Sterile Facilities
Financial Highlights
The Company showed "erratic" revenue pattern where revenue was $45m in FY2013, drops to $23m in FY2014 and then increase to $35m in FY2015. Despite the yo-yo type revenue, the Company was able to show increasing profitability. Its profit was $2.58m in FY2013 ...
