Roma Green Finance Ltd.

General Information
Business:

We are a climate sustainability services provider. We are not a Chinese operating company but a holding company incorporated in the Cayman Islands. As a holding company with no material operations of its own, we conduct our operations in Hong Kong through our subsidiary, Roma Risk Advisory Limited (“RRA”), incorporated in Hong Kong, and Roma Advisory Pte. Ltd., incorporated in Singapore (collectively, the “Operating Subsidiaries”). The Ordinary Shares offered in this offering are shares of the Company, a Cayman Islands holding company and not shares of the Operating Subsidiaries. (Incorporated in the Cayman Islands)

Our Operating Subsidiaries are principally engaged in the provision of ESG, corporate governance and risk management as well as sustainability and climate change-related advisory services. Our service offering mainly comprise the following:

Sustainability Program Development: We support our clients’ sustainable corporate growth and help them to integrate sustainability-related strategies across their organization and compile a comprehensive sustainability program. Certain clients may also outsource certain aspects of their sustainability program to us for consultation and planning.

ESG Reporting: We help clients to build their ESG profile and support their ESG reporting in compliance with the applicable prevalent ESG-related standard and reporting framework in Hong Kong and Singapore. Certain clients may also utilize their ESG reports to support their green and/or sustainable financing arrangements.

Corporate Governance and Risk ManagementWe deliver value-adding services to support clients in managing and enhancing their corporate governance, enterprise risk management, compliance and internal audit activities.

Climate Change Strategies and Solutions: We provide guidance and support to clients in building climate strategies which align with their climate goals and targets. We also explore opportunities to promote green and sustainable finance development by incorporating climate related risk assessment in advisory services for corporations in the financial industry.

Environmental Audit: – We provide on-site investigations on agreed upon scope with clients to meet clients’ needs on fulfilling specific environmental requirements and standards. Our team conducts assessment and audit to identify any material environmental risks and suggest mitigating actions to clients.

ESG Rating Support and Shareholder Communication: We help clients to review and improve their ESG / sustainability ratings with Bloomberg and other rating agencies.

Education and Training: We deliver trainings, workshops, discussion forums on ESG and green and sustainable finance topics. Our team of experts also design customizable training programs across various ESG and/or sustainability objectives that are tailored to individual client’s needs and enhance their ESG skills.

*Note: Net loss and revenue figures are in U.S. dollars for the fiscal year that ended March 31, 2023.

(Note: Roma Green Finance, Ltd. priced its micro-cap IPO at $4.00 – the low end of its $4.00-to-$5.00 price range – and sold 3.08 million shares (3,075,000 shares) – the number of shares in the prospectus – to raise $12.32 million on Jan. 8, 2024. The company received IPO proceeds of $9.8 million, based on the $4.00 IPO price and the number of shares – 2.45 million shares – that the company offered in the IPO, according to the prospectus. Selling stockholders offered the remaining shares. The stock was expected to start trading on NASDAQ late in the morning of Tuesday, Jan. 9, 2024.)

(Note: Roma Green Finance, Ltd. slightly increased its IPO’s size – to 3.08 million shares – up from 3.0 million shares – and kept the price range at $4.00 to $5.00 – to raise $13.84 million, according to a FWP – a Free Writing Prospectus dated Oct. 11, 2023. Of the 3.08 million shares, the company is offering 2.45 million shares and a selling shareholder is offering 625,517 shares, according to the prospectus. Background: Roma Green Finance Ltd. filed its F-1 on June 9, 2023, and disclosed terms for its IPO: 3.0 million shares at  $4.00 to $5.00 to raise $13.52 million. Of those 3.0 million shares, the company is offering 2.46 million shares (2,458,155 shares) and a selling shareholder is offering 546,257 shares.)

 

Industry: SERVICES - BUSINESS SERVICES
Employees: 16
Founded: 2018
Contact Information
Address Flat 605, 6/F., Tai Tung Building, 8 Fleming Road, Wanchai, Hong Kong
Phone Number +852 2529 6878
Web Address http://www.romaesg.com/
View Prospectus: Roma Green Finance Ltd.
Financial Information
Market Cap $41.7mil
Revenues $1.75 mil (last 12 months)
Net Income $-0.13 mil (last 12 months)
IPO Profile
Symbol ROMA
Exchange NASDAQ
Shares (millions): 3.1
Price range $4.00 - $4.00
Est. $ Volume $12.3 mil
Manager / Joint Managers Spartan Capital Securities
CO-Managers
Expected To Trade: 1/9/2024
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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