JE Cleantech Holdings Limited

General Information

(Note: JE Cleantech Holdings Limited priced its IPO on April 21, 2022, by selling 3.75 million shares, the same number as in the prospectus, at $4 each – the expected IPO price – to raise $15 million. Of the 3.75 million shares sold: The company offered 3.0 million shares and the other 750,000 shares came from a selling stockholder.)

Our group’s history began in November 1999 when JCS was founded by Ms. Hong Bee Yin, our chairman, executive director and chief executive officer, and her then business partner, Mr. Yeo Hock Huat. Our Group commenced business in the selling of cleaning systems in 2005, before starting our business in the design, development, manufacture and sale of cleaning systems in Singapore in 2006. (Incorporated in the Cayman Islands)

We manufacture a broad range of cleaning systems, including aqueous washing systems, plating and cleaning systems, train cleaning systems and other equipment. Since 2013, we have also been in the business of providing centralized dishwashing services for the food and beverage industry, mainly for food and beverage establishments in Singapore such as food courts, hawker centers, restaurants, cookhouses, eldercare homes and an inflight catering service provider. We have also provided general cleaning services since 2015, mainly for food courts in Singapore.

Our mission is to be an industry leader in the cleaning systems and provision of centralized dishwashing services industry and in the design, development and manufacturing of precision cleaning systems industry.

We believe our strong track record in precision cleaning will facilitate the promotion and demand for our products with both existing and new customers, as well as the expansion of our business. We intend to continue to develop products for different industrial end-use applications and to meet the needs of our customers across various industries by expanding our product portfolio. To this end, we have developed an initial prototype of a robot floor scrubber, which comprises a robotic enhancement that can be attached to floor cleaning equipment to enable such floor cleaning equipment to be used without manual operation. We have also entered into a collaboration with a statutory board in Singapore, whose functions and duties include the management and operation of the segment of the public transportation system in Singapore, to co-develop an autonomous train interior cleaning robot that will be capable of cleaning the floor of the interior of public trains autonomously based on the train type and car configuration.

Note: For the 12 months ended June 30, 2021, JE Cleantech Holdings had revenue of S$23.8 million (Singapore dollars) and net income of S$1.4 million, according to the prospectus. In the IPO Profile here, those figures have been converted to U.S. dollars as follows: Revenue of $17.5 million and net income of $1.03 million for the 12 months ended June 30, 2021.

(Note: JE Cleantech Holdings Limited filed confidentially with the SEC for an IPO on Jan. 21, 2022.)

Industry: Cleaning systems
Employees: 70
Founded: 1999
Contact Information
Address 3 Woodlands Sector 1 Singapore 738361
Phone Number +65 6369 4198
Web Address
View Prospectus: JE Cleantech Holdings Limited
Financial Information
Market Cap $60.0mil
Revenues $17.5 mil (last 12 months)
Net Income $1.03 mil (last 12 months)
IPO Profile
Symbol JCSE
Exchange NASDAQ
Shares (millions): 3.8
Price range $4.00 - $4.00
Est. $ Volume $15.0 mil
Manager / Joint Managers ViewTrade Securities
CO-Managers -
Expected To Trade: 4/22/2022
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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