This post is intended for long time followers of Singapore IPOs and SRS Retirement Fund who have been receiving daily email updates. As Feedburner has decided to stop its email service with effect from July, I have migrated existing readers to a new email delivery platform that is run by follow it. No action is required for existing subscribers, so don't be surprised if you receive email ..read more

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 ..read more

OTS Holdings Limited ("OTS" or the "Company") is offering 41m shares for IPO at 23 cents each, of which 40m is via placement and only 1m is available for the Public Offering. The Public Offer will close at 12 noon on 15 June 2021 and start trading on 17 June 2021. Based on the IPO price of 23 cents, the market cap is $49.22m.Principal BusinessThe Company was established in 1993 and develops and ..read more

Econ Healthcare ("Econ" or the "Company") announced that its public offering of 1.8m shares was 86.9x subscribed. Including the 48.2m placement shares, the offering was around 4.1x subscribed.Mr Ong Chu Poh (王再保), founder, Executive Chairman and Group Chief ExecutiveOfficer of Econ Healthcare, said: "We are highly encouraged by the response we havegarnered for our IPO, which is indicative of the ..read more

Econ Healthcare (Asia) Limited ("Econ" or the "Company") is offering 50m shares at Singapore 28 cents each for its upcoming IPO of which 48.2m shares will be through placement and 1.8m shares for the public. The market cap based on the IPO price is around $72m. The IPO will close on 15 April 2021 on 12 noon and commence trading on 19 April, 9am.Principal BusinessAccording to the prospectus, Econ ..read more

Astrea VI announced that its retail bond offering of S$250m was 3.1x subscribed and the overall issuance including the placement tranche was 5.9x subscribed. Considering that the issuance size this time is much larger at $250m (versus $180m in Astrea V) and the interest rate is much lower at 3% (versus 3.85% in Astrea V), I would consider this as a very good outcome and our retail investors ..read more

Astrea VI Class A-1 Bonds is offering $250m for the initial public offer. The offer will close on 16 March 2020 at 12 noon. The interest rate for the 5 year bonds is 3% and is rated A+ by both S&P and Fitch. I have previously written about Astrea IV Class A-1 Bonds that was launched in June 2018 and Astrea V Class A-1 Bonds in June 2019. Compared to $121m in Astrea IV, $180m in Astrea V, this is ..read more

Aztech announced that its public offering was 18.4x subscribed. Considering the weakness of NASDAQ leading up to the launch, it is definitely a decent subscription rate, albeit a small issuance size of 3.5m shares.The balloting table is presented below for your information. Investors have at least a 50% probability of receiving some shares.Let's see how it debut tomorrow ..read more

Aztech Global Ltd ("Aztech" or the "Group") is offering 68.12m shares at $1.28 each for its IPO where 3.5m shares will be for the public with the remaining being placed out. The public offer will close on 10 March at noon and commence trading on 12 March 2021. The market cap based on the IPO price will be $990.4m.History of Aztech Global LtdFor new investors who need a history lesson, Aztech was ..read more

GHY announced that its Public Offering was 16x subscribed. The balloting table is presented below. I always thought that 100k-499k is in the same band but as you can see from the table below, it may not always be the case ..read more