197 views
Logo of Sheffield Green

Sheffield Green gains IPO interest from 24 million new shares

The IPO is priced at S$0.25 per share.

Sheffield Green has gained strong investor interest after 24 million new shares in capital from its initial public offering (IPO), priced at S$0.25 per share.

At the offer’s close on 26 October, all 3.6 million shares available under the public offering were subscribed for, with a total interest of 4.9 million public offer shares. This translates to a public offering that exceeds relatively 1.4 times.

All 20.4 million placement shares were additionally accrued, with applications received amounting to $5.1m.

As such, Sheffield Green has planned to use its $6.0m gross proceeds in IPO for $2.1m on its business expansion and renewable energy-related activities, $1.05m on an improvement of services, $2.2m on listing expenses, and $0.63m on capital purposes.

ALSO READ: Niks Professional's IPO subscribed 1.8 times

“This investor enthusiasm speaks volumes about Sheffield Green's human resource services and market reputation within the renewable energy sector,” Bryan Kee, CEO of Sheffield Green, said.

From the offering price, Sheffield Green’s market capitalisation is projected to reach an estimated $46.6m.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Singapore’s new law weaves safety net for gig workers
Gig workers will be enabled to secure their retirement, benefit from improved workplace safety, and gain greater visibility within the industry.
Here’s how Gen Z consumer preference reshapes APAC’s marketing landscape
Gen Z consumers are observed to purchase based on pleasure and purpose, whilst being conscious of cost and convenience.

Event News

Event News

SBR National Business Awards 2024 Winner: Wiseasy Technology Pte Ltd Cards & Payments
Lay Cheng Tan, Co-Founder & Chief Investment Officer, and Mayank Raheja, Managing Director (EMEA & SA) of Wiseasy Technology Pte Ltd, provided insights into preventing fraud and inefficiency with the WiseQ QR Payment Solution.
Cards & Payments SBR National Business Awards 2024 Winner: Wiseasy Technology Pte Ltd
Lay Cheng Tan, Co-Founder & Chief Investment Officer, and Mayank Raheja, Managing Director (EMEA & SA) of Wiseasy Technology Pte Ltd, provided insights into preventing fraud and inefficiency with the WiseQ QR Payment Solution.