Native media leisure firm Noontalk Media’s IPO order e book has been stuffed for each public and placement tranches, elevating gross proceeds of S$4.8 million. The corporate’s shares will start buying and selling at present.

Of the 4.5 million public tranche shares accessible from Noontalk Media, there have been legitimate functions for five.3 million shares, leading to 1.2 instances subscriptions.

As well as, the accessible 17.5 million placement shares had been additionally totally paid.

The shares had been priced at 22 cents every, giving the corporate a market worth of S$43.6 million.

The CEO of Sheng Siong Group is likely one of the foremost traders in Noontalk Media

Sheng Siong Group CEO Lim Hock Leng was considered one of its foremost traders. Hock Leng acquired 4.4 million shares.

In the meantime, Union Power Corp purchased 2 million shares, whereas Singapore-based household workplace Qilin Wealth Fund and former parliamentarian and CITIC Envirotech CEO Chong Weng Chiew purchased 1.35 million shares every.

Dasmond Koh, CEO and CEO of NoonTalk Media, instructed Vulcan Publish that “NoonTalk Media could not have made it this far with out everybody’s help.”

“By being listed, I’m able to give again to the native leisure trade by increasing our footprint globally,” he added.

“This preliminary public providing will not be the tip of the sport for the corporate, however the starting of the belief of our aim: to assist develop our market right into a stronger and extra dynamic one, the place Singaporeans can personal a chunk of their tradition.”

Noontalk Media Income Streams

Between 2020 and 2022, NoonTalk Media reported income of S$3.04 million, S$3.83 million, and S$6.37 million, respectively.

The corporate has two foremost sources of revenue, its administration and occasions department, and its manufacturing department.

Its manufacturing department includes companies associated to multimedia creation and manufacturing, movie and tv manufacturing, and video manufacturing, whereas its administration and occasions department includes artist and expertise administration, venue administration, and studio crews. , mission administration (together with reside streaming companies) and occasions. conceptualization.

A number of the firm’s notable tasks in recent times embrace Chingay 2022, an iconic annual nationwide occasion showcasing Singapore’s wealthy and distinctive cosmopolitan and multi-ethnic cultures, and ChildAid 2021, an annual profit live performance in assist of the cash fund. The Straits Occasions College pocket e book. and the Enterprise Occasions Budding Artists Fund. The corporate additionally produces motion pictures and tv exhibits.

Nonetheless, his earnings in the identical interval had been $73,939, $189,244, and $22,407 respectively.

Firm loans and borrowings.

As of June 30, 2022, the full excellent quantity of Noontalk Media’s excellent loans
stood at S$4.15 million. On the similar time, its banking and credit score companies (used and unused) complete roughly S$1.38 million.

Noontalk Media took out unsecured loans of as much as S$4.05 million, together with a mortgage from Validus Capital Pte. Ltd with an efficient rate of interest of 9.8 per cent, and RHB Financial institution Berhad with a charge of curiosity of 10 p.c per yr, amongst different loans.

Vulcan Publish has reached out to Dasmond for added remark.

Featured Picture Credit score: Noontalk Media