Vistek Limited

General Information
Business:

(Incorporated in the Cayman Islands) 

Our mission is to offer comprehensive cabling solutions to telecommunication and power network operators in Singapore in a timely, reliable and cost-effective manner. We strive to transform every business opportunity into a success by building effective services and processes across the project chain, aiming to be a one-stop solution for the execution of work orders under the contract awarded.

Founded in 2003, we have grown and expanded our business from cabling services to also serve power network operators. We, through our subsidiary Vistek SG, are a cabling service provider that specializes in telecommunications and power infrastructure works in Singapore. Our Executive Directors and Executive Officers collectively have over twenty years of industry experience and based on this collective experience, we believe our brand’s reputation is positively attributable to our humble beginnings when we started contracting to complete cable laying projects for telecommunication network operators in Singapore.

We endeavor to assist telecommunication and power network operators in Singapore through cable laying projects as well as providing other ancillary services, including maintenance projects, connecting underground fiber optic network to aboveground premises and installation of Wireless Fidelity (Wi-Fi) networks.

 As of the date of this prospectus, we are equipped with a large fleet of 118 specialized machines and of equipment (such as excavators, splicing machines and portable generators) and 22 vehicles which enable us to take on large-scale cable laying projects, and we have a stable business relationship with our subcontractors and material suppliers.

 Note: Net income and revenue are in U.S. dollars (converted from Singapore dollars) for the 12 months that ended Aug. 31, 2024.

(Note: Vistek Limited filed its F-1 for its IPO and disclosed the terms – 2.25 million shares at a price range of $4.00 to $6.00 to raise $11.25 million. Of the 2.25 million shares in the IPO, the company is offering 1.575 million shares and the selling stockholders are offering 675,000 shares.)

Industry: Telecom & Power Networks - WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION
Employees: 185
Founded: 2003
Contact Information
Address 39 Woodlands Close #08-11 Mega@Woodlands Singapore 737856
Phone Number +65 6331 2289
Web Address https://www.vistek.com.sg/
View Prospectus: Vistek Limited
Financial Information
Market Cap $218.25mil
Revenues $16.8 mil (last 12 months)
Net Income $1.53 mil (last 12 months)
IPO Profile
Symbol VTEK
Exchange NASDAQ
Shares (millions): 2.3
Price range $4.00 - $6.00
Est. $ Volume $11.3 mil
Manager / Joint Managers Bancroft Capital
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change