Core Viewpoint - Green Circle Decarbonize Technology Limited is set to launch its initial public offering (IPO) of 2,500,000 ordinary shares at a price of $4.00 per share, aiming to raise $10 million in gross proceeds, with trading expected to commence on January 13, 2026 under the ticker symbol "GCDT" [1][2]. Group 1: Offering Details - The IPO consists of 2,500,000 ordinary shares priced at $4.00 each, with an additional option for underwriters to purchase up to 375,000 shares within 45 days [1][2]. - The expected gross proceeds from the offering are $10 million, before deducting underwriting discounts and commissions [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for the construction of a factory to expand production capacity, acquisition of necessary machinery, repayment of certain debts, and general working capital [3]. Group 3: Company Overview - Green Circle Decarbonize Technology Limited is a Cayman Islands holding company that operates through its Hong Kong subsidiary, Boca International Limited, focusing on advanced energy-saving solutions using proprietary phase change thermal energy storage materials [7].
Green Circle Decarbonize Technology Limited Prices $10,000,000 Initial Public Offering