Linkers Industries Ltd (LNKS) Plans to Raise $11 Million in October 30th IPO

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

In the last year, Linkers Industries Ltd generated $7.4 million in revenue and $40,000 in net income. Linkers Industries Ltd 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 (“OEMs”) 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 (Note: Linkers Industries revived its withdrawn IPO in a filing dated May 28, 2024, and disclosed the following terms: 2.2 million Class A ordinary shares at a price range of $4.00 to $6.00 to raise $11.0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/.