Catalist-bound Kimly counts Heliconia Capital as a pre-IPO investor

Singapore

KIMLY Ltd, which is on the verge of becoming the first Singapore traditional coffee-shop operator to be listed on the Catalist board of the Singapore Exchange, counts Heliconia Capital Management as one of its two pre-IPO investors.

A wholly owned subsidiary of Temasek Holdings, Heliconia is an investment firm that focuses on growth-oriented Singapore companies. The S$3 million investment for a 1.3 per cent stake in Kimly's post-IPO capital was made through Vanda 1 Investments, which is managed and controlled by Heliconia. It came from the conversion of a S$3 million loan into 15 million Kimly shares at S$0.20 apiece, a 20 per cent discount to the initial public offering price of S$0.25.