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Primech Holdings Priced, Nasdaq: PMEC

Provides cleaning and maintenance services to facilities in Singapore and Malaysia.

Industry: Industrials

Latest Trade: $2.85 0.00 (0.0%)

First Day Return: -63.0%

Return from IPO: -28.8%

Industry: Industrials

We are an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore. Our mission is to support businesses by improving lives and strengthening communities through our business practices and ethics. We compete primarily in Singapore, with a small portion of our operations in Malaysia. We provide facilities services (87% of 1H FY22 revenue), stewarding services (7%), cleaning services to offices (4%), cleaning services to homes (<1%), and cleaning supplies (<1%). Cleaning and landscaping service providers in Singapore offer a wide spectrum of services. Cleaning services include the provision of various cleaning services to public areas, offices, factories, households, among others. Landscaping services include landscape planting, care and maintenance service activities in and for parks and gardens, public and private housing, buildings, roads and expressways, among others.
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IPO Data
IPO File Date 03/31/2022
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 3.1
Deal Size ($mm) $12
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/09/2023
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 3.1
Deal Size ($mm) $12
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Spartan Capital Securities
Company Data
Headquarters Singapore
Founded 1984
Employees 3,133
Website www.homehelpy.com

Primech Holdings (PMEC) Performance