Shares & Derivatives
OTS Holdings Balloting Results
By Mr. IPO  •  June 16, 2021


OTS holdings Limited ("OTS") announced that its public offering was 233.6x subscribed. This is not surprising considering that the public offer has only 1m shares.  Managing Director of OTS Holdings, Mr. Ong Bee Chip said: "We are pleased with and thankful for the strong confidence that investors have in OTS Holdings' brand portfolio and growth plans for Asia's consumer markets. With our IPO, we intend to accelerate our expansion plans in regional markets, particularly in Malaysia and the Philippines. In addition, leveraging on our R&D capabilities, we will be looking to introduce our shelf-stable plant-based food products by early 2022." 
The placement and balloting table is presented below.  Given the small float and strong demand, the chances of being allocated some shares are pretty low. You can see that investors who applied for 10,000 to 49,000 shares received the bulk of the allocation (39%) but they only have a 11% chance of getting 2,000 shares...
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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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