UG Healthcare announced its balloting results where its overall IPO was 11.5x oversubscribed.
The balloting results are as follows:
It is quite difficult to get the shares from the public tranche and if you apply 100 lots, your probability is around 11% and you will get 10 lots.
It is interesting to note that the placement tranche holders are Centurion Private Equity (the outfit from Han Seng Juan and David Loh). I have not seen KSC (S) Pte Ltd nor Lim Hoe Kok before. If you know who they are, please tell me. hahaha
UG Healthcare should do well on debut.
Happy IPOing....