Construction company Logistics Holdings is launching an IPO for a Catalist listing, comprises 31.88mil new shares and 10.2mil vendor shares at 23 cents apiece. It will list with a market capitalisation of $39.1mil. The share application closes on Jan 16 and is scheduled to start trading on Jan 18.
The issue price represents a 254.39% premium over the NTA per share of 6.49 cents as at last June; it is 6.12x its audited EPS of 3.76 cents for FY2012. Logistics' order book stood at $232.9mil as at Dec 6, 2012.
Source: The Business Times / Bloomberg / Straits Times
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