Ten-League International Holdings Completes IPO Successfully

Ten-League International Holdings Limited Completes IPO

Ten-League International Holdings Limited (NASDAQ: TLIH), a leading provider of turnkey project solutions based in Singapore, has finalized its initial public offering. This important milestone involved the sale of 2,240,000 ordinary shares, with 1,607,840 shares offered by the company and an additional 632,160 shares from selling shareholders at a public offering price of $4.00 per share.

Significant Proceeds from the Offering

The company successfully raised gross proceeds totaling $6,431,360 from this offering before accounting for underwriting discounts and associated expenses. This capital is set to significantly bolster Ten-League's operational capabilities.

Utilization of Proceeds

Funds raised through the IPO will be vital for various strategic initiatives, including: (i) broadening the company's product range, (ii) enhancing automation processes and investing in cutting-edge equipment and technology, (iii) pursuing strategic acquisitions aimed at expansion, (iv) strengthening marketing and brand advocacy efforts, (v) paying down bank loans, and (vi) supporting working capital and other corporate necessities.

Offering Details and Underwriting

The IPO was executed on a firm commitment basis with Bancroft Capital, LLC serving as the sole underwriter for the offering. This partnership ensures a well-structured approach to bringing Ten-League's solutions to a broader market.

Regulatory Compliance

A thorough registration statement on Form F-1 was submitted to the U.S. Securities and Exchange Commission (SEC), which was approved on June 30, 2025. The Offerings were accessible only through the official prospectus, part of the registration documentation.

About Ten-League International Holdings Limited

Ten-League International Holdings Limited specializes in turnkey project solutions with a strong focus on delivering heavy equipment sales, rentals, and engineering consultancy services. Their expertise primarily benefits the port, construction, civil engineering, and underground foundation sectors.

The company's diverse equipment portfolio is categorized into four functional areas: foundation equipment, hoist equipment, excavation machinery, and port machinery. Furthermore, they provide value-added engineering consultancy services aimed at mitigating safety risks, enhancing equipment reliability, and ensuring productivity.

Vision and Values

Ten-League’s core mission centers around delivering high-quality equipment and robust engineering solutions that enable clients to assess their project performances effectively. Constant innovation and adaptation of new technologies are central to their operational philosophy.

Investor Relations

For further inquiries, investors are encouraged to reach out to the Investor Relations Department of Ten-League International Holdings Limited via email.

In addition to reaching out directly, interested parties may consult the official company website for more details about their services and operational updates.

Frequently Asked Questions

What was the public offering price for the shares?

The public offering price for each share was set at $4.00.

How many shares were offered by the company?

Ten-League International Holdings Limited offered 1,607,840 ordinary shares in the IPO.

Who was the underwriter for the offering?

Bancroft Capital, LLC acted as the sole underwriter for this IPO.

What will the raised funds be used for?

The proceeds will support product expansion, technology improvements, strategic acquisitions, marketing efforts, repayment of debt, and general corporate purposes.

What is the mission of Ten-League International Holdings?

Ten-League aims to provide high-quality equipment and effective engineering solutions while embracing cutting-edge technologies for improved client outcomes.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

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