Author: Mr. IPO

Koufu Group Limited – Balloting Results

Koufu Group Limited (“Koufu” or the “Group”) announced that its IPO received strong support from institutions, high net worth and retail investors. The public offer was 17x subscribed.  Mr Pang Lim (庞琳), Koufu’s Executive Chairman and Chief Executive Officer, said, “Thisis a strong vote of confidence for our Group and a recognition of our established trackrecord and growth plans....

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Koufu Group Limited

Koufu Group Limited (“Koufu” or the “Group”) is offering 97,008,000 shares in the IPO at $0.63 per share. 90.675m shares will be through the placement with the remaining 6.333m via the Public Offer. There is an over-allotment option. The offer will close on 16 July 2018 at 12pm and starts trading at 9am on 18 July 2018. Principal Business Koufu is one of the largest and most established operators and managers of food courts and coffee shops in Singapore, with a history dating back to 2002 with one coffee shop and two food courts. Fast forward to 2018, it has...

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Portfolio Update – May & June 2018

Apologize for the lack of postings for the last 2 months. I had been pretty tied up with work, so let me do a quick update for May and June. The local market has also turned quite badly in Q2, and is fact quite disastrous on my portfolio. Hyflux 6% Perps   Hyflux announced that it will not paying interest on the Perps during this period. I have written a post in Feb 2018 on how disgusted i was with Ms Olivia Lum but didn’t cut loss on that position then.  I hope the authorities will look into whether she has...

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Happy 11th Anniversary

It’s pretty tough coming up with this post during the World Cup 😋, in any case, Mr. IPO is still monkeying around after all these years. If you want to read my anniversary posts, you can find them here. Mr IPO’s Fan Base It is really heartening to see the facebook fans growing from its low base in July 2012 (when i first started) to a 6,866 today. The year on year growth...

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Propnex Limited – Balloting Results

Propnex announced that its public tranche was 24.6x subscribed and combining both public and placement tranche, the offer was 2.2x subscribed. The balloting table is below for your reference. You can see that the majority of the shares were allotted to those who applied between 100,000 to 499,900 shares and they have a 58.5% probability of receive 8,000 shares each. Good luck...

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PropNex Limited

PropNex Limited (“PropNex” or the “Group”) is offering 42.5m shares of which, 40.375m will be for placement and 2.125m for the public. There will be 12.9m new shares and 29.6m vendor shares. The offer price is $0.65 per share. Based on the IPO price, the market cap will be S$240.5m. The offer will close on 28 June at 12pm. According to the prospectus, PropNex is the largest real estate agency in Singapore with 7,248 sales person and has a market share of more than 42% in both private and HDB resale market. Business   The core business segments include real...

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Astrea IV Class A-1 Bonds

Astrea IV is the first listed retail private equity bond and is offering 3 classes of bond, Class A-1, Class A-2 and Class B Bonds as shown in the table below.  Half of the S$121m of Class A-1 Bonds will be available for retail investors through a public offering. The remaining $121m Class A-1 placement tranche, Class A-2 and Class B have already been placed out and...

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Jawala Inc

Jawala Inc (“Jawala” or the “Group”) is offering 18m shares at $0.25 each for a listing on Catalist, of which 17.6m shares will be via placement and the balance 0.4m shares for public offer. The offer will close on 30 May 2018 at 12pm. The market cap post listing is $29.6m. Principal Business The Group is a forest resource company based in Malaysia with a focus on industrial...

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Hyphens Pharma International LImited

Hyphens Pharma International Limited (“Hyphens” or the “Company”) is offering 29.6m shares at $0.26 each of which 3m will be for the public and the rest via placement. The IPO will close on 16 May 2018 at 12 pm and starts trading on 18 May 2018. The market cap based on the IPO price will be $78m. Principal Business According to the prospectus, Hyphens is one of the leading...

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Portfolio Update – April 2018

IPOs As announced on my IPO Facebook Page this morning, i have refreshed my chilli ratings for the IPO to include a “likely opening price vis-a-vis the IPO price” based on the chilli ratings. You can access the latest ratings criteria here.   The refreshed ratings is in response to questions from readers who always inevitably, one way or another, ask me what i think the opening price will be. As such, i have decided to make it easier by sharing with readers what i think the opening price will be and that will be tagged to the chilli ratings...

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SLB Development Ltd – Balloting Results

SLB Development (“SLB” or the “Company”) announced that its public tranche of 8m shares was 20.6x subscribed. Combining with the placement tranche of 238m shares, the overall IPO was 1.7x subscribed. Commenting on the robust investor demand, Mr Matthew Ong, Executive Director and CEO of SLB, said, “The positive demand from both retail and institutional investors clearly shows...

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Asian Healthcare Specialists Limited – Placement Results

Asian Healthcare Specialists (“AHS” or the “Company”) announced that its has completed the placement of 46.9m shares to 337 placees. 10% of the placement shares went to the Ho Bee Land’s boss, Mr. Chua Thian Poh. Given the small issuance size and placement, my view is that the debut of the shares will be well supported. I had given it a 3 chilli rating here. “ We are encouraged...

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SLB Development Ltd

SLB Development Ltd (“SLB” or the “Company”) is offering 8m shares at $0.23 each for the public and 230m shares via placement. The public offer will close on April 18 at 12pm and starts trading on April 20. Based on the IPO price, the market cap will be around $210m. Principal Business SLB Development Ltd is a diversified property developer that was “spun out” from the listed...

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Asian Healthcare Specialists Limited

Asian Healthcare Specialists Limited (“AHS” or the “Company”) is offering 46.9m Placement Shares at 23 cents each for a listing on Catalist. The Company will have a market capitalisation of $66.7m based on the IPO price. The IPO will close on 18 April at 12pm and starts trading on 20 April 2018 at 9am.  AHS is an orthopaedic healthcare specialist and provider offering treatments for...

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