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IPO Chilli Ratings

IPO Chilli Ratings
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Singapore Institute of Advanced Medicine Holdings Ltd

Singapore Institute of Advanced Medicine Holdings Ltd ("Sam" or the "Company") is offering 114m new shares comprising 4.415m Public Offer Shares and 109.585m Placement Shares at $0.23 each for a listing on Catalist.  The Company aims to raise $26.2m and the majority of the proceeds will be used to repay debt and the balance for working capital. The market cap based on the IPO price is $231.8m and the offer will close on 14 Feb at 12 noon and starts trading on 16 Feb 2024 at 9am.   Principal Business SAM is a healthcare service provider using advanced technology for early and accurate diagnosis to detect and treat cancer, neurodegenerative and cardiovascular diseases.  SAM has strategic collaborations with public and private institutions for research and clinical work.  SAM's goal is to create a comprehensive one-stop ambulatory cancer centre to undertake the challenges to fight cancer and is one of the first to adopt proto beam therapy treatment in Singapore. Fi

IPOing 101 - how to read a balloting table

Further to my posting, I received some queries from readers on why they never get a single share when they apply for the recent IPO.

The answers to your question .... 

(1) It is not guaranteed that you will get what your applied for, in fact, there is a very high chance that you will get nothing and your $2 ATM fee is "wasted".

(2) Even if you are successful in your application, you will probably get less than what you applied for.

The IPO balloting results will usually be announced the day after the IPO closes on the sgx website. So look out for it or you can check this blog, if I am not lazy, i will most likely post the results.

The picture below shows you how to read a balloting table. 

Step 1 - Look for the red column to find what where your application falls into based on the number of shares you applied for.


Step 2 - After you find the correct row that correspond to the number of shares you applied, read it across the table.

The example in the picture below illustrates how a person who applied for 35,000 shares at the most recent Far East Hospitality Trust IPO should read the table.





Hope this helps. Happy IPOing.

Part 1 - How to apply for IPO shares 

Comments

Unknown said…
Hi,

So what happens if I'm one of the lucky ones? Would I receive any notifications? Or would I be able to see it on my vickers/CDP account?

Mr. IPO said…
You will be able to find out via (1) whether cash had been refunded to your account (2) ESA results (internet banking) (3) CDP online whether the shares have been credited.