Serrano (IPO)

Serrano: The provider of interior fitout solutions in Singapore and SE Asia will make its trading debut at 9am tmrw. Its IPO for 30m shares at $0.23 each was 1.3x subscribed. Of the net proceeds of $3.6m, $1m will be used to increase market penetration overseas while another $1m will be used to explore acquisitions and alliances.