General Information |
Business: |
We are a Singapore-based holding company whose underlying business provides safety equipment, ranging from personal protective clothing, gloves and safety footwear, to portable fire extinguishers. rubber speed bumps and other items. (Incorporated in the Cayman Islands)
The company also supplies industrial hardware tools and electrical hardware for construction sites.
Rectitude’s products are marketed to distributor networks and end markets in Singapore as well as the broader Southeast Asian region. Its customers are mostly from the infrastructure development, building construction, marine, oil and gas industries and general industrial markets.
*Note: Net income and revenue figures are in U.S. dollars for the 12 months that ended Sept. 30, 2023.
(Note: Rectitude Holdings, Ltd. priced its micro-cap IPO at $4.00 – the low end of its $4.00-to-$6.00 price range – and sold 2.0 million shares – the number in the prospectus – to raise $8.0 million on Thursday night, June 20, 2024.)
(Note: Rectitude Holdings, Ltd. filed its F-1 on Jan. 16, 2024, disclosing terms for its IPO: 2.0 million shares at $4.00 to $6.00 to raise $10.0 million. The company submitted confidential IPO documents to the SEC in early November 2023.)
|
Industry: |
Safety equipment and hardware |
Employees: |
98 |
Founded: |
1997 |
Contact Information |
Address |
35 Tampines Industrial Avenue 5 T5@Tampines Singapore 528627 |
Phone Number |
+65 6749 6647 |
Web Address |
http://www.rectitude.com.sg/ |
View Prospectus: |
Rectitude Holdings, Ltd. |
Financial Information |
Market Cap |
$72.5mil |
Revenues |
$29.25 mil (last 12 months) |
Net Income |
$2.59 mil (last 12 months) |
IPO Profile |
Symbol |
RECT |
Exchange |
NASDAQ |
Shares (millions): |
2.0 |
Price range |
$4.00 - $4.00 |
Est. $ Volume |
$10.0 mil |
Manager / Joint Managers |
A.G.P. |
CO-Managers |
|
Expected To Trade: |
6/21/2024 |
Status:
|
Priced |
Quiet Period Expiration Date: |
Available only to Subscribers |
Lock-Up Period Expiration Date: |
Available only to Subscribers |
SCOOP Rating |
Available only to Subscribers |
Rating Change |
Available only to Subscribers |