Lum Chang Creations (LCC) made a robust debut on the Singapore Exchange’s Catalist board on Monday (July 21), with its shares opening at S0.30 per share. Trading under the stock code LCC, the company achieved a market capitalisation of S$81.2 million.

The IPO comprised 49 million shares, including a public offering of one million shares, which saw overwhelming demand—retail subscriptions exceeded available shares by 47.3 times. The remaining 48 million shares were allocated to institutional investors under the placement tranche.

Managing Director Lim Thiam Hooi told The Business Timesthat the listing would enhance LCC’s market presence and operational capabilities. He described the timing as ideal, citing rapid growth, favourable market conditions, and supportive government policies.

LCC was spun off from mainboard-listed Lum Chang Holdings (LCH) following an internal restructuring completed in June. Post-IPO, LCH retains a 71.1% stake, while Lim holds 13.3%, and public shareholders own 15.6%.

Proceeds from the IPO are expected to strengthen LCC’s brand recognition and financial independence. RHT Capital served as the sponsor and issue manager, with CGS International Securities Singapore as underwriter and placement agent.

The board plans to distribute dividends of at least 30% of net profit to shareholders for FY2025 and FY2026. Specialising in urban revitalisation, LCC focuses on heritage conservation, restoration, interior fit-outs, and architectural modifications.