Info-Tech Systems *Official* (SGX: ITS)

[reddevil0728]

all maybe waiting for NTT Reits?

I’m asking about the knowledge of knowing.

like how? On what basis.

not why.

 

[dexboi]

It's just a SaaS company providing CMS services with recurring revenue model.

Easily replacable, easily replicable.

Usually this type of company keep all the big profits for themselves, not exactly sure why they wanna IPO though.

 

[LWZ]

Usually this type of company keep all the big profits for themselves, not exactly sure why they wanna IPO though.

maybe the owners feel it has peaked, time to cash out

 

[Euqorab]

It's just a SaaS company providing CMS services with recurring revenue model.

Easily replacable, easily replicable.

Usually this type of company keep all the big profits for themselves, not exactly sure why they wanna IPO though.

For the owners to take profit though?

 

[dexboi]

Why would the owners "take profit" by IPOing? It doesn't make sense.

If they needed money for expansion, they could easily take bank loans.
If they really want to take profit, they could sell off the successful company and enjoy retirement / or retain a small portion of shares for side income.

 

[AndroidComa]

IPO already closed wonder how is the takeup rate

 

[SoulEraser]

applied 200k - only got 10k shares. only 5 mil for public. also got a small five figures from my private placement.

institutional interest is high, will look at how the market makers move this counter this fri

 

[AndroidComa]

applied 200k - only got 10k shares. only 5 mil for public. also got a small five figures from my private placement.

institutional interest is high, will look at how the market makers move this counter this fri

Wow applied so much I apply 5k and got nothing

 

[badsector]

72,055,600 valid applications for the 5,000,000 Shares available under the Singapore Public Offer which was approximately 14.4 times subscribed

 

[blurpandasg2014]

Applied 2000, Got allocated 1000 shares

 

[SoulEraser]

Sold at open, good luck to all.

 

[Shion]

Info-Tech Systems closes 4.6% above IPO price on first day of trading​

https://www.straitstimes.com/busine...ch-systems-debuts-9-2-above-ipo-price-at-0-95

 

[Euqorab]

Why would the owners "take profit" by IPOing? It doesn't make sense.

If they needed money for expansion, they could easily take bank loans.
If they really want to take profit, they could sell off the successful company and enjoy retirement / or retain a small portion of shares for side income.

Visibility
For branding

 

[Euqorab]

Visibility
For branding

Bank loan need pay interests

IPO just spend some fees

 

[mooseolly]

Many companies using this siah.

 

[Shion]

Newly-listed Info-Tech reports lower earnings of $5.16 mil for 1HFY2025 from one-off listing and relocation expenses​

https://www.theedgesingapore.com/ca...wer-earnings-516-mil-1hfy2025-one-listing-and

Newly listed Info-Tech has reported earnings of $5.16 million for the 1HFY2025 ended June 30, down 21% y-o-y.

Revenue came in 5% y-o-y higher at $22.4 million for 1HFY2025, and gross profit increased by 3% y-o-y to $19.1 million.

Excluding the one-off listing-related expenses of $2.0 million and one-off Malaysia office relocation-related expenses of $0.1 million, earnings would have increased 9% y-o-y to $7.2 million for the 1HFY2025.

The group says that the topline improvement of $1.3 million was due to an increase in subscription revenue, which includes its proprietary cloud-based one-stop HRMS solution, which is its main product line and accounts for more than 80% of total revenue, as well as its Accounting Software.

The group registered a double-digit revenue growth of 28% to $4.9 million from Malaysia and 29% to $1.6 million from Others, which include Hong Kong and India, but sales from Singapore remained relatively stable at $15.9 million.

As at June 30, the group’s cash and cash equivalents stood at $33.7 million excluding IPO proceeds. Order book amounted to $26.8 million, representing advance billings primarily for subscription services for the next 12 months.

The group says that this provides revenue visibility for the next half of its financial year ending Dec 31.

The board of directors has declared an interim dividend of 1.55 cents per share, 55% of the group’s adjusted net profit after tax for 1HFY2025.

Shares in Info-Tech closed flat at 84.5 cents on Aug 8.