Acromec IPO (Acromec Limited), Singapore

Acromec IPO Details:

Company Background

• A Singapore-based specialist engineering services provider with 20 years of experience in the field of controlled environments.  Expertise is in the design and construction of facilities requiring controlled environments such as laboratories, medical controlled environments such as laboratories, medical and sterile facilities and cleanrooms.
• Serves mainly the healthcare, biomedical, research and academia, and electronics sectors.  Customers comprise mainly hospitals and medical centres, government agencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies, semiconductor manufacturing companies, and multinational engineering companies.

Shares on Offer:

Invitation in respect of 27,000,000 New Shares comprising:
(a) 1,500,000 Offer Shares at S$0.22 for each Offer Share by way of public offer; and

(b) 25,500,000 Placement Shares at S$0.22 for each Placement Share by way of placement, comprising:

(i) 22,500,000 Placement Shares at S$0.22 for each Placement Share; and
(ii) 3,000,000 Reserved Shares at S$0.22 for each Reserved Share reserved for subscription by Acromec Directors, employees, customers and suppliers who have contributed to the success of the Group.

Dates to note:

7 April 2016, 9.00 a.m.                Commencement of Offer
14 April 2016, 12.00 noon           Close of Application List
15 April 2016                                   Balloting of applications, if necessary
18 April 2016, 9.00 a.m.              Commence trading on a “ready” basis

IPO Prospectus:

See attached:

Acromec Limited IPO

Intention:

1. To Apply for the IPO with an intention to stag (ie. Sell off the shares if successful).   Limited shares on offer (only 1.5 million shares available to the public)
2.  Expected opening price range: 23 to 28 cents.