Back 03 Jul 2025

Info-Tech’s IPO 14.4 Times Subscribed by Public, Raises S$61.7 Million with Strong Institutional Demand

Link: https://links.sgx.com/1.0.0/corporate-announcements/K3O46R45JR4VSMYH/8dfa47dcb4bbd8160dd080fa60d1309689a14e4f65dcd3def607fc92f93495f7


Summary:

  • Info-Tech Systems Ltd. (Singapore’s first cloud-based SaaS HRMS & accounting software provider to list) announced overwhelming response to its IPO.

  • Public offer (5 million shares) was ~14.4 times subscribed by retail investors.

  • Placement tranche (19.9 million shares) was ~5.5 times subscribed by international & local institutions.

  • Nine cornerstone investors, including Asdew, Avanda, Dymon Asia, Ginko-AGT, Lion Global, Maybank AM, Nikko AM, Qilin Wealth, and Splendid Asia Macro Fund, subscribed for S$35.8 million.

  • Total funds raised expected at ~S$61.7 million (if the over-allotment option of ~4.9 million shares is exercised).

  • Shares to start trading on SGX Mainboard on 4 July 2025 under stock code “ITS”.

  • Proceeds will fund product expansion, deeper market penetration, entry into new geographies, and strategic acquisitions.

  • CEO Babu Dilip highlighted strong investor confidence in Info-Tech’s track record, recurring income, and long-term growth plans.