Info-Tech Systems Ltd., a prominent HRMS and accounting software provider, has announced its initial public offering (IPO) on the Singapore Exchange Mainboard, marking a significant milestone as the first pure-play SaaS HRMS company to do so. The IPO comprises 24,856,000 shares priced at $0.64 (S$0.87) each, with the company expecting to raise approximately $17.1 million (S$23.4 million) in net proceeds. These funds will be directed towards research and development, enhancing sales and marketing, and exploring new market opportunities.
The company, which operates in Singapore, Malaysia, Hong Kong, and India, serves over 850,000 active users across 23,000 HRMS customers and more than 1,000 accounting software clients. Info-Tech’s strategic focus on SMEs has allowed it to build long-term trust and deliver consistent value, resulting in high customer retention rates and recurring revenue.
Chief Executive Officer and Co-founder Babu Dilip highlighted the company’s readiness to leverage the growing demand for digitalisation among SMEs. “Info-Tech is well-positioned to capitalise on the push for digitalisation that has driven the increasing adoption of cloud-based solutions particularly among SMEs,” he stated.
The IPO, managed by Oversea-Chinese Banking Corporation Limited and CGS International Securities Singapore Pte. Ltd., is set to close on 2 July 2025, with trading expected to commence on 4 July 2025. Info-Tech’s future plans include expanding its product portfolio and geographical presence, as well as exploring potential acquisitions to enhance market share and technological capabilities.
“`
