{"id":5789,"date":"2019-01-19T18:11:34","date_gmt":"2019-01-19T10:11:34","guid":{"rendered":"https:\/\/www.smallcapasia.com\/?p=5789"},"modified":"2019-02-19T01:04:04","modified_gmt":"2019-02-18T17:04:04","slug":"grand-venture-technology-gvt-ipo-here-are-6-key-things-you-should-know","status":"publish","type":"post","link":"https:\/\/www.smallcapasia.com\/zh-hant\/grand-venture-technology-gvt-ipo-here-are-6-key-things-you-should-know\/","title":{"rendered":"Grand Venture Technology (GVT) IPO: Here Are 6 Key Things You Should Know"},"content":{"rendered":"

Founded in 2012, Grand Venture Technology (\u201cGVT\u201d) is a manufacturing solution and service provider for the semiconductor, analytical life sciences, electronics and other industries. It has operations in Singapore, Malaysia (Penang) and the People\u2019s Republic of China (Suzhou). <\/span><\/p>\n

The company prides itself for serving some of the largest OEMs in these industries, by providing a range of engineering, assembly, testing and product lifecycle management services for the manufacture of complex precision machining and sheet metal components and modules<\/strong>.<\/span><\/p>\n

You can find the GVT IPO prospectus <\/span>here<\/span><\/a>.<\/span><\/p>\n

1. Grand Venture Technology GVT Profile<\/h2>\n

The company comprises 3 main business segments, namely content production and post-production. Despite that fact, more than 70% of the company\u2019s revenue was contributed under its semiconductor segment. <\/span><\/p>\n

Semiconductor Industry <\/strong><\/h3>\n

They are involved in the manufacture and supply of key and high-precision components, and assembly of key modules, for front and back-end processes. The company specialised in precision machining, complex sheet metal manufacturing, engineering plastics and quartz machining, vacuum parts manufacturing, assembly. \u00a0<\/span><\/p>\n

Analytical Life Sciences Industry <\/strong><\/h3>\n

Under this segment, the company manufacture and supply key and high-precision components, and assemble key modules, for single and hybrid mass spectrometers. <\/span><\/p>\n

Some of their notable capabilities are such as sub-micron machining, vacuum parts manufacturing, ultra-high vacuum production processing, engineering plastics and ceramic machining and Class 10k cleanroom assembly. \u00a0<\/span><\/p>\n

Electronics and Other Industries <\/strong><\/h3>\n

Lastly, GVT manufactures and supplies key and high-precision components, assemble key modules, such as feeder systems in SMT machines. They are specialising in precision machining, complex sheet metal manufacturing, assembly and customised engineering solutions.<\/span><\/p>\n

2. IPO Details<\/h2>\n

GVT IPO will close at 12 pm on \u00a021 January 2019 (Monday)<\/strong> and expected to commence trading on \u00a023 January 2019 (Wednesday). <\/span><\/p>\n

The company is placing 42.9 million new shares and 5.1 million cornerstone shares at a price of S$0.275 each during the IPO period. Out of the 42.9 million new shares in the IPO, 800,000 shares will be offered to the public<\/strong> and 42.12 million shares to be placed out to selected investors.<\/span><\/p>\n

Sunshine Power Pte Ltd, an investment vehicle held in trust for CLSF LLP, has entered into a cornerstone subscription agreement with GVT to subscribe for 5.1 million shares at the invitation price of S$0.275 each.<\/span><\/p>\n

3. Use of Proceeds<\/strong><\/h2>\n

GVT will raise gross proceeds of S$13.2 million upon listing. Around S$2.3 million of the proceeds will go towards listing expenses, which is roughly equivalent to 17.5%.<\/span><\/p>\n

Minus off the listing expenses, the company will end up with S$10.8 million, in which<\/span><\/p>\n