F&B group Katrina to raise $7.5m in Catalist IPO @ $0.21 – Placement only

The Katrina Group, a food and beverage group, launched an initial public offering (IPO) yesterday with a placement-only offer of 35.8 million shares at 21 cents each ahead of a Catalist board listing.

The group expects to raise $7.5 million from the IPO, representing 15.4 per cent of its post-invitation share capital.

The placement of shares will close at noon on July 22, and trading of Katrina’s shares on the secondary board is set to start on July 26.

The Katrina Group has a market capitalisation of $48.6 million, and a post-placement share capital of 231.5 million shares.

The price earnings ratio is estimated at 9.6 times.

Article:
http://www.straitstimes.com/business/companies-markets/fb-group-katrina-to-raise-75m-in-catalist-ipo

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