Fire protection specialist Deluge Corp files preliminary prospectus for mainboard IPO
The company’s order book stands at S$433 million as at Sep 16
Fire protection specialist Deluge Corp has filed a preliminary prospectus to list on the Singapore Exchange (SGX) for a mainboard IPO. The company's order book stands at S$433 million, with 23.4 million cornerstone shares to be issued to institutional and individual investors. Proceeds from the offering and cornerstone tranche will be used for infrastructure, facilities, operational capabilities, strategic partnerships, acquisitions, joint ventures, and regional expansion.
Deluge aims to recommend dividends of at least 25% of its net profit for FY2027 and FY2028. The company holds the highest ME06 (Fire Prevention & Protection Systems) L6 grade from the Building and Construction Authority and is ranked as Singapore's largest fire detection and protection player by Frost & Sullivan.
Brief written by urgent.news from The Business Times - Companies & Markets's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
