This is potentially the fifth initial public offering (IPO) this year. Car dealer Vin’s Holdings was the first company to list, with its shares debuting in April. Then there was Info-Tech Systems, which lodged its preliminary prospectus with the Monetary Authority of Singapore (MAS) on June 20. Lum Chang Creations lodged its preliminary offer document on June 23 while Japanese telco Nippon Telegraph and Telephone (NTT) lodged its prospectus with the MAS on June 27.
For the FY2024 ended Dec 31, 2024, Dezign Format reported earnings of $5 million, improving from its earnings of $3.3 million in FY2023 and $1.6 million in FY2022.
Revenue also rose steadily in the three years, from FY2022’s $18.3 million, to FY2023’s $26 million and FY2024’s $33.4 million.
As at Dec 31, 2024, the group has an outstanding order book of around $23.89 million, of which $10.47 million has been recognised as revenue for the 1QFY2025.
