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Rectitude Holdings Priced, Nasdaq: RECT

Singapore-based provider of safety equipment and other industrial products.

Industry: Industrials

Latest Trade: $3.38 0.00 (0.0%)

First Day Return: -2.5%

Return from IPO: -15.5%

Industry: Industrials

Our business is principally involved in the provision of safety equipment, encompassing essential items such as (i) personal protective clothing, hand gloves, safety footwear, and personal fall arrest systems (a system used to arrest an employee in a fall from a walking-working surface, usually consisting of a body harness, anchorage, and connector), (ii) portable fire extinguishers and (iii) traffic products such as rubber speed humps, wheel stops and wheel chocks. Additionally, when needed by our customers, we also offer auxiliary products such as industrial hardware tools and electrical hardware required for construction sites. For the financial years ended March 31, 2022 and March 31, 2023, the provision of safety equipment contributed 57.4% and 65.0% of our revenue, respectively. In addition, for the six months ended September 30, 2022 and 2023, the provision of safety equipment contributed to 58% and 60% of our revenue, respectively. Our products and solutions are marketed to a wide array of distributor networks and end markets, both in Singapore and increasingly throughout the Southeast Asian region including Brunei, Cambodia, Malaysia, Indonesia and Vietnam. The bulk of our customers belong to the infrastructure development, building construction, marine, oil and gas industries, and general industrial markets.
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IPO Data
IPO File Date 01/16/2024
Offer Price $4.00
Price Range $4.00 - $6.00
Offer Shares (mm) 2.0
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/21/2024
Offer Price $4.00
Price Range $4.00 - $6.00
Offer Shares (mm) 2.0
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
A.G.P.
Company Data
Headquarters Singapore
Founded 1997
Employees 98
Website www.rectitude.com.sg

Rectitude Holdings (RECT) Performance