Linkers Industries Ltd (LNKS) to Raise $11 Million in IPO

Linkers Industries Ltd (LNKS) plans to raise $11 million in an initial public offering on Wednesday, October 30th, IPO Scoop reports. The company plans to issue 2,200,000 shares at a price of $4.00-$6.00 per share.

In the last twelve months, Linkers Industries Ltd generated $7.4 million in revenue and $40,000 in net income. The company has a market cap of $67.3 million.

Linkers Industries provided the following description of their company for its IPO: ”  Through our operating subsidiary, we are a manufacturer and a supplier of wire/cable harnesses with our manufacturing operations in Malaysia. (Incorporated in the Cayman Islands) We have more than 20 years’ experience in the wire/cable harnesses industry. Wire/cable harness refers to an assembly of wires/cables bound together with straps, cable ties and electrical tapes to transmit signals or electrical power. Our customers are generally global brand name manufacturers and original equipment manufacturers (â€?OEMsâ€?) in the home appliances, industrial products and automotive industries that are mainly based in the Asia Pacific Region. We work closely with customers in each stage of a product’s life cycle, including design, prototyping and production. Our business model enables us to offer customized wire harness for different applications and electrics designs. Our products are customized and made-to-order in accordance with the specific technical requirements of our customers. Note: Net income and revenue are for the year that ended June 30, 2023. (Note: Linkers Industries revived its withdrawn IPO in a filing dated May 28, 2024, and disclosed the following terms: 2.2 million Class A ordinary shares at a price range of $4.00 to $6.00 to raise $11.0 million.) “.

Linkers Industries was founded in 1995 and has 202 employees. The company is located at Lot A99, Jalan 2A-3, A101 & A102, Jalan 2A, Kawasan Perusahaan MIEL Sungai Lalang, 08000 Sungai Petani, Kedah Darul Aman, Malaysia and can be reached via phone at +60 4-4417802 or on the web at https://www.linkers-hk.com/.