How many more IPOs can we expect in the 2H 2024?

Well, so far, these are the up-coming recent ones that has just inked their underwriting agreements and their potential listing time frame:

1. Steel Hawk Bhd
- Leap market transfer to Ace market
- Transfer of listing is expected to be completed by the 3Q2024
- Underwriting agreement with UOB Kay Hian Securities (M) Sdn Bhd
- Oil and gas (O&G) support services provider
- Involved in the provision of onshore and offshore support services for the oil and gas industry with operations based in Kemaman, Terengganu and Miri, Sarawak.
- Future prospect/growth catalyst cited: Malaysia's O&G sector remain favourable due to elevated global oil prices, creating a positive outlook for local producers. Additionally, Petroliam Nasional Berhad's renewed focus on exploration and production activities suggests a period of potential expansion for the industry
https://cutt.ly/2ehVkWzQ

2. Elridge Energy Holdings Bhd
- Ace market
- Expected listing in Aug 2024
- Underwriting agreement with KAF
- Biomass fuel products manufacturer
- Future prospect/growth catalyst cited: To expand its production capacity. The company currently operates out of a Port Klang factory, which has a capacity of 720,000 tonnes per year, but has hit a utilisation rate of nearly 74% by end-2023
- Elridge, partly backed by listed electrical distribution equipment firm Mikro MSC Bhd ($MIKROMB / 0112 (MIKRO MSC BERHAD))
https://cutt.ly/YehVkW9o

3. Vetece Holdings Bhd
- Ace market
- Expected listing in 3Q 2024
- Underwriting agreement with Kenanga Investment Bank Bhd
- Enterprise information technology solutions provider
- Vetece’s client base primarily encompasses players in the telecommunications and financial services industries. Major clients include Telekom Malaysia Bhd, Telstra Corporation Ltd in Australia and leading banks in Malaysia.
- IPO proceeds will be mainly utilised to roll out new core products and services, strengthen Singapore operations, establish a Centre of Excellence (COE) for software solutions, facilitate the purchase and renewal of hardware and software licensing fees and repayment of loans
https://cutt.ly/MehVkRqy

4. Sik Cheong Bhd
- Ace market
- Expected listing in 3Q 2024
- Underwriting agreement with TA Securities Holdings Bhd
- Packaging, marketing and distribution of RBD palm olein oil products
- RBD palm olein oil products, mainly cooking oil, are sold under in-house brands “Sawit Emas” and “Vitamas”, alongside unbranded options.
-Their products cater to both commercial and household markets, with a wide customer base of over 500 customers per annum.
https://cutt.ly/6ehVkRWI

Curious if anyone is interested in applying for any of them, and why.