Deluge Corporation Limited, Singapore’s leading fire detection and protection firm, has announced that its initial public offering (IPO) was oversubscribed by 3.86 times ahead of its debut on the Singapore Exchange (SGX) Main Board. The IPO, which closed on 14 October, saw significant interest from both public and institutional investors.
The public offer of 800,000 shares was oversubscribed by 11.97 times, whilst the 14,800,000 placement shares attracted 3.42 times the interest. Prominent institutional investors such as Lion Global Investors and UOB Asset Management were among those who participated in the placement. Other notable investors included Amova Asset Management Asia, Avanda Investment Management, and Maybank Securities.
Trading of Deluge Corporation’s shares is set to commence at 9:00 a.m. on 16 October 2026. SAC Capital Private Limited, along with Maybank Securities, served as the issue manager, joint bookrunner, and underwriter for the IPO.
The strong demand underscores investor confidence in Deluge Corporation’s market position and growth potential. As Singapore’s largest player in its industry, the company is poised to leverage its public listing to expand its operations and enhance shareholder value. The successful IPO marks a significant milestone for Deluge Corporation as it embarks on its journey as a publicly traded entity.
