EGP Energy Corporation was listed on the Singapore Exchange (SGX) mainboard on July 29, 2026, marking its trading debut with shares opening at S$0.55, a 7.8% premium over its IPO price of S$0.51 per share [1, 2, 3]. During the day, shares rose intraday to between S$0.63 and S$0.66, depending on the source, reflecting increases of 23.5% to 29.4% above the IPO price [2, 4]. The stock closed at S$0.62, up 21.6% from launch price [1, 5].
The IPO consisted of about 18.8 million shares, including approximately 17.8 million placement shares and one million public offer shares, and raised gross proceeds around S$30.6 million [6, 3, 4, 5]. The public tranche was 17.6 times oversubscribed, demonstrating strong investor appetite [2, 6, 3, 4, 5]. Cornerstone investors subscribed for approximately 41.2 million shares, contributing roughly S$21 million to the capital raise [6, 3, 4, 5].
Following its listing, EGP Energy secured its first post-IPO order valued at about S$1.1 million through its wholly-owned subsidiary EGP Smart Energy. The contract is to supply and install 66 kV switchgear for a battery energy storage system (BESS) in Singapore. The project, won from a local engineering firm providing MEP services, is expected to complete by the first quarter of 2027 [1].
EGP Energy's order book has expanded to roughly S$30.24 million, about 7.8 times its FY2025 revenue of S$3.9 million, with projects lined up through 2031 [1]. The company plans to use its IPO proceeds to broaden product offerings, grow its customer base, strengthen maintenance services, invest in digitalisation and intelligent technologies, and expand regionally into Malaysia and Indonesia [6, 3, 4, 5].
Executive chairman and CEO Frankie Fan said, "Being listed is a milestone, not the finish line. We are committed to execute our growth strategy and future plans with the same discipline that has defined EGP Energy, and to create lasting value" [6]. He also noted that the listing "strengthens our financial position and gives us the platform to deepen our capabilities, grow with the demands of Singapore’s evolving electrical infrastructure, and extend our track record into new markets across the region" [4]. Fan pointed to strong investor interest and Singapore’s growing demand for electrical infrastructure driven by data centres, semiconductor manufacturing, and electrification [6].
EGP Energy is the fourth company to list on SGX mainboard in 2026, following Foundation Healthcare, JustCo, and UI Boustead Reit [3, 4, 5]. The company does not have a fixed dividend policy but intends to recommend dividends of up to 40% of net profit attributable to shareholders for 2026 and 2027 [6, 3, 4, 5].
