3MF (proposed ASX code) - 3D Metal Forge Limited - IPO is...

3MF (proposed ASX code) - 3D Metal Forge Limited - IPO is planned to be listed on 12 Feb 21. Alto capital is the lead manager. The offer is for up to 50,000,000 Shares at an issue priceof $0.20 per Share to raise up to $10,000,000 (Public Offer).The minimum subscription under the Public Offer is 40,000,000 Sharesto raise $8,000,000. It is proposed that the Public Offer and Secondary Offers (together, Offers) willclose at 5.00 pm (WST) on 20 January 2021.

3DM is an additive manufacturing company that supports companies with their additive manufacturing production requirements by integrating additive manufacturing printers, software and materials and providing diagnostic, part design and engineering, part printing and additive manufacturing training and secure part design.

Below is link for prospectus:
https://3dmetalforge.com/wp-content/uploads/2020/12/Prospectus-3MF-21-12-20-FINAL2576395.10.pdf

It is a revenue generating with S$1.3min last twelve month period to 31 December 2019. Company is still EBITA negative but has good expansion plan and proposed use of IPO money is reasonable for business.