Rectitude Holdings Ltd.

Rectitude Holdings Ltd. (RECT) priced its initial public offering on Jun 21, 2024 at $4.00 per share, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $58M. A.G.P. was lead-left underwriter. Ortoli Rosenstadt, Conyers Dill & Pearman and Rajah & Tann advised the company.

Rectitude Holdings Ltd is a Cayman Islands company whose operating subsidiaries are based in Singapore. It is a one-stop provider of safety products, such as helmets, safety shoes and fall arrest systems, and industrial-grade hardware tools.

Status

IPO

Ticker

RECT

Exchange

Nasdaq Capital Market

Priced

Jun 21, 2024

IPO price

$4.00

Market cap at IPO price

$58M

First filed

Jan 16, 2024

Underwriters

A.G.P.

Company counsel

Ortoli Rosenstadt, Conyers Dill & Pearman and Rajah & Tann

Sector

Industrials & materials

Country / state

Singapore

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.