Japfa to offer shares at an indicative price of 75-87 cents

Bookrunners see strong interest from investors in its IPO

JAPFA Limited, a producer of multiple protein foods whose executive deputy chairman is Indonesian tycoon Handojo Santosa, lodged its preliminary prospectus yesterday, seeking to list its shares on the main board of Singapore Exchange.

According to market sources, the company behind the 'So Good' and 'Greenfields' brands is looking to offer up to 285.2 million shares at an indicative price of 75 to 87 Singapore cents a share.

This comprises a base offer of 248 million shares and an over-allotment of...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to