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SINGAPORE - OMS Energy Technologies Inc. (NASDAQ:OMSE), a manufacturer specializing in equipment for the oil and gas sector, has priced its initial public offering (IPO) at $9.00 per share. The company is offering 3,703,704 ordinary shares, with an aggregate base offering size of approximately $33.3 million, before deducting underwriting discounts and other related expenses. According to InvestingPro analysis, the company enters the market with strong financial health, maintaining a healthy balance sheet with more cash than debt and an impressive gross profit margin of 32%.
The shares are expected to begin trading on the Nasdaq Capital Market today, under the ticker symbol "OMSE." The closing of the offering is anticipated on May 14, 2025, pending the satisfaction of customary closing conditions. InvestingPro data reveals the company’s strong profitability metrics, with earnings per share of $1.49 and a P/E ratio of 6.06, suggesting an attractive valuation for early investors.
In addition to the base offering, OMS has extended a 45-day option to the underwriter, allowing the purchase of up to an additional 555,555 ordinary shares at the IPO price minus underwriting discounts and commissions. Roth Capital Partners is serving as the sole manager for the offering, with Joseph Gunnar & Co., LLC acting as financial advisor to OMS.
This IPO comes after the company’s registration statement, File Number: 333-282986, was declared effective by the U.S. Securities and Exchange Commission (SEC) on April 28, 2025. The offering is made exclusively through a prospectus, which is part of the registration statement accessible via the SEC’s website.
OMS Energy Technologies has established itself in the oil and gas industry by manufacturing surface wellhead systems (SWS) and oil country tubular goods (OCTG). The company operates 11 manufacturing facilities strategically located across the Asia Pacific, Middle Eastern, and North African regions, catering to both onshore and offshore exploration and production operators. With annual revenue of $252 million and an EBITDA of $75 million in the last twelve months, InvestingPro analysis shows the company’s solid market position, supported by six additional ProTips available to subscribers.
The company’s offerings extend beyond SWS and OCTG to include premium threading services, aiming to enhance operational efficiency for its clients. This IPO is expected to provide OMS with capital to continue its growth trajectory and further solidify its market presence.
Investors and media interested in learning more about OMS Energy Technologies and its IPO can refer to the company’s investor relations section on its website or contact the company directly. This press release, based on a press release statement, should not be considered an offer to sell or a solicitation of an offer to buy any securities.
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