Another interior fit-out firm eyes Catalist IPO as Dezign Format lodges preliminary prospectus
[SINGAPORE] A second interior fit-out company is preparing to list on the Singapore Exchange's Catalist board in as many weeks, as Dezign Format Group lodged its preliminary prospectus on Monday (Jun 30).
This follows a similar move by Lum Chang Creations on Jun 23, as part of its spin-off from mainboard-listed Lum Chang Holdings.
In its offer document, Dezign Format said it provides events, exhibitions and decor services across various industries, including the meetings, incentives, conferences and exhibitions (Mice) sector.
Its services span the design and fabrication of custom environments, project management and festive decoration works.
The company also offers interior fit-out services for commercial spaces, and develops, licenses and commercialises location-based entertainment experiences.
For FY2024, Dezign Format posted a net profit of S$5 million, up 53.8 per cent from S$3.3 million the year before.
Revenue rose 28.5 per cent to S$33.4 million, from S$26 million previously. The company attributed this growth to stronger sales across all business segments.
Looking ahead, it expects revenue to rise in FY2025, citing 'the rising demand for design-and-build services' in Singapore's Mice industry.
It also believes it is 'well-positioned' to tap into the growing trend of experiential event offerings.
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Dezign Format Group's preparation to list on the Singapore Exchange's Catalist board follows a similar move by Lum Chang Creations on June 23. PHOTO: BT FILE SINGAPORE – A second interior fit-out company is preparing to list on the Singapore Exchange's Catalist board in as many weeks, as Dezign Format Group lodged its preliminary prospectus on June 30. This follows a similar move by Lum Chang Creations on June 23, as part of its spin-off from mainboard-listed Lum Chang Holdings. In its offer document, Dezign Format said it provides events, exhibitions and decor services across various industries, including the meetings, incentives, conferences and exhibitions (Mice) sector. Its services span the design and fabrication of custom environments, project management and festive decoration works. The company also offers interior fit-out services for commercial spaces, and develops, licenses and commercialises location-based entertainment experiences. Revenue rose 28.5 per cent to $33.4 million, from $26 million previously. The company attributed this growth to stronger sales across all business segments. Looking ahead, it expects revenue to rise in FY2025, citing 'the rising demand for design-and-build services' in Singapore's Mice industry. It also believes it is 'well-positioned' to tap into the growing trend of experiential event offerings. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
