{
  "id": 12366799,
  "title": "Fire-protection specialist Deluge launches SGX IPO to raise over $23 million for acquisitions",
  "url": "https://urgent.news/2026/10/06/fire-protection-specialist-deluge-launches-sgx-ipo-to-raise-over-23",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T11:30:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/companies-markets/fire-protection-specialist-deluge-launches-sgx-ipo-to-raise-over-23-million-for-acquisitions"
  },
  "original_language": "en",
  "account": "Deluge, a fire protection company based in Singapore, is set to raise $23.4 million through an IPO on the Singapore Exchange. The company, founded in 1983, specializes in fire suppression systems, fire alarms, and fire-fighting equipment, which includes both active and passive fire systems. In 2025, Deluge claimed the largest share of Singapore's fire-protection market at approximately 8.3%, according to Frost & Sullivan. The IPO, managed by SAC Capital, is expected to start trading on October 16, with shares trading at 60 cents. Deluge's shares account for 15.6 million placement shares and 800,000 public offer shares, with a cornerstone tranche making up the remainder of the funds raised. The company has a $410 million order book, with 87% of contracts being government contracts, which helped secure a significant share of Singapore's fire-protection market. Deluge’s revenue streams are diversified, reducing its dependence on large integrated projects, and the company sees significant growth potential in its lifecycle services segment. It also benefits from longstanding client relationships and has secured projects totaling over $1 billion across Singapore’s critical infrastructure. The company plans to invest 90% of the IPO’s net proceeds in organic growth, while the remaining 10% will be used for strategic partnerships, acquisitions, and regional expansion.",
  "summary": "The company on Oct 6 lodged documents for the IPO comprising 15.6 million shares at 60 cents per share.",
  "key_points": [
    "Deluge, a fire protection specialist, launches SGX IPO",
    "Company aims to raise $23.4 million for acquisitions",
    "IPO expected to start trading on October 16"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}