In addition, in addition to the IPO, the company also attracted nine cornerstone investors to subscribe to a total of 41.144,000 shares at RMB 0.87 per share, of which 27.353,000 are new shares, and 13.791,000 shares were sold by Li Jinxing, the company's co-founder and chairman. These cornerstone investors include Dymon Asia Multi-Strategy Investment Master Fund and Nikko Asset Management Asia Limited.
Info-Tech Systems' initial public offering (IPO) will issue 24.856,000 shares at a price of RMB 0.87 per share, and is expected to raise 23.4 million yuan in net funds and will be listed on the Singapore Exchange main board on July 4.
Info-Tech Systems Company stated in a statement on Friday (June 27) that of the shares it offered, 5 million shares were publicly for public subscription and 19.856,000 shares were for allocation to investors. Underwriters can exercise their option to purchase an additional 4.9 million shares, accounting for 19.7% of the total sold shares.
Its revenue grew 15% to RMB 43.7 million in 2024, and its net profit rose 18% to RMB 12.3 million. It had net cash of RMB 29.7 million as of the end of last year and had no bank loans.
It will be the first pure-play SaaS human resources management and accounting software provider to be listed on SGX. Based on the offering price and the total 258 million shares after listing, its market value will reach about 224.5 million yuan when it is listed.
Info-Tech, headquartered in Singapore, has used its human resources management software by more than 23,000 companies in various industries. It also launched accounting software.
The public can subscribe to this stock from 9 a.m. on June 28 to 12 noon on July 2.