Acromec Limited - IPO Allocation Results

ACROMEC’S IPO ATTRACTS STRONG INVESTOR DEMAND

Acromec Limited's IPO of 27 million shares was 5.3 times subscribed.   See press release link below:

Acromec Press Release


See the following link for the allocation results:

Acromec IPO Balloting results


Acromec’s post-Invitation market capitalisation will be approximately S$26.5 million
based on the issue price of S$0.22.    

The listing and trading of Acromec’s shares are expected to commence on a “ready”
basis at 9.00 a.m. on 18 April 2016 under the stock code 1CH1.


I was lucky this time in the IPO - 9,000 shares were allocated to me.   Let's hope for a successful opening debut!   : )

[Update:   IPO shares were sold on the opening day at 24.5 cents.   Profit of about $200]