Jason Parquet (IPO)

Jason Parquet submits its final prospectus document for Catalist listing by way of Placement. JP will place a total of 33.8m shares (18m new + 15.8m vendor) at $0.225/sh. Established in 1987, Jason Parquet is one of the leading Spore based providers of timber flooring services. JP is engaged in the supply and installation of a comprehensive range of timber flooring under its “Tech-Wood” brand as well as the sale and distribution of timber pdts and flooring accessories. To date, JP has supplied and installed over 03m sf of timber flooring for more than 280 projects. As at 1 Jan ’12, the group secured Projects contracts amounting to ~$41.3m. This compares with its FY11 revenue at $29.9m. Net proceeds of $2.9m raised by the co will be mainly used for general working capital, with $0.5m earmarked for possible acquisitions, JVs. Application List closes 21 Sep, 12pm. Counter to start trading 25 Sep.