Singapore Stock Market News

KrisEnergy - IPO‏ Details

StockFanatic
Publish date: Mon, 15 Jul 2013, 02:03 PM
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The public offer closes at 12pm on 17 July 2013, and stock is expected to start trading at 9am on 19 July 2013

Established in 2009, KrisEnergy is an independent upstream oil and gas company with operations in Southeast Asia. Its operations include the exploration, development and production of oil and gas. The company's target area spans from the Surma Basin in Bangladesh in the west, to the Papuan Basin in the east, and from offshore southern China in the north to Indonesia in the south. Its assets include 14 contract areas, six of which the company operates in four countries and spans the entire upstream life cycle.

KrisEnergy IPO‏ Details
IPO : KrisEnergy (Prospectus)
Offering Szie : 151.99 million
International offer : 132.09 million
Public Offering in Singapore : 19.90 million
Issue of new shares to Cornerstone investors : 94.16 million
Joint Issue Manager & Underwriter : BofA Merrill Lynch / CLSA
Co-Lead Manager & Sub-Underwriter : OCBC Bank / HSBC / Pareto Securitites
Offer Price : S$1.10 per share
Est. net proceeds to be raised : S$256.60 million
No. of shares outstanding post IPO : 1,046.15 million
Market cap post IPO : S$1,150.77 million
Adjusted FY12 EPS : -1.69
Adjuested PER (x) : N.A.
Source : Company Prospectus, OIR
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