Sheffield Green plans to raise $6.0m in Catalist listing

The company is offering 24.0 million shares.

Sheffield Green has completed its registration to list of the Catalist Board of the Singapore Exchange Securities Trading Limited (SGX-ST).

The company plans to offer 24.0 million shares at $0.25 apiece. Of the total shares, 20.4 million are placement shares, and 3.6 million are for public offering.

Sheffield Green expects to raise $6.0m from the IPO, which it plans to use for the following:

1. Expanding its business coverage and geographical presence in locations where there are significant renewable energy-related activities,
2. Expanding into complementary offerings, new product lines, and other technical services,
3. General working capital and;
4. Payment of listing expenses.

The offer closes on 26 October 2023 at noon. Balloting of shares will be done the following day in the event of excess application.