Singapore Welcomes a New Software Powerhouse

In a stunning move for the tech industry, Info-Tech Systems has unveiled its initial public offering (IPO) at S$0.87 per share, making waves as the first mainboard listing on the Singapore Exchange (SGX) in nearly two years! This bold step positions the company to begin trading on July 4, and it’s a game-changer for the software services sector.

Breaking Records: A First for Singapore!

As the first dedicated software as a service (SaaS) provider for human resource management systems (HRMS) and accounting software, Info-Tech Systems' debut on SGX isn't just a corporate milestone—it's a historical event! Following the live-streaming platform 17Live Group's launch back in November 2023, this marks a thrilling comeback for mainboard listings.

CEO’s Vision: Why Singapore?

Dilip Babu, the visionary CEO and co-founder, expressed that listing in Singapore was a no-brainer. "As a Singapore-born company, the majority of our revenue originates from this vibrant market. Singapore offers robust regulatory standards and compliance that elevate our brand both locally and internationally," Babu emphasized.

The IPO Breakdown: Investors Stand by!

The IPO includes a staggering 24,856,000 shares, with 19,856,000 designated for select international investors while 5,000,000 shares are available for the public in Singapore. This offering also features an enticing option for underwriters to acquire up to 4,900,000 additional shares, showcasing an optimistic view of the company’s future.

Major Players Ready to Invest!

Cornerstone investors like Lion Global Investors and Maybank Asset Management have signed on to acquire a total of 41,144,000 shares, signaling solid confidence in Info-Tech's potential. This includes 27,353,000 newly issued shares and 13,791,000 shares sold by executive chairman Peter Lee.

Financials That Impress!

With plans to raise approximately S$23.4 million, Info-Tech Systems is poised to channel these funds into research and development, enhancing its product offerings, and boosting sales and marketing initiatives. The company has consistently demonstrated strong profitability, boasting a 19% compound annual growth rate (CAGR) in revenue—leaping from S$30.8 million in FY2022 to an impressive S$43.7 million in FY2024!

A Bright Future Ahead!

Co-founded in 2007, Info-Tech Systems not only operates in Singapore but also has expanded its footprint to Malaysia, Hong Kong, and India. With plans for further growth, the firm is on a mission to deliver comprehensive digital solutions tailored for SMEs.

What’s Next for Investors?

The IPO closes at noon on July 2, with trading set to kick off on July 4. For investors keen on getting in on the action, this could be an opportunity to support a rising star in the software sector—driven by a commitment to innovation and growth!