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Star Combo(ASX:S66)Strong IPO 5 Times Over Subscribed

When Star Zhang went to the market to ask for $3 million to list the company he founded 14 years ago, Star Combo Pharma Ltd (ASX: S66), he was nervous and uncertain how the market will react to his offer. Twin Force Capital jumps straight on the bandwagon when it heard the news, becoming one of pioneer investors. Star Combo’s lead manager, First Guardian Capital, mapped out a 2-months plan for Zhang to do road show, meeting with stockbrokers and retail investors. Little to know, the plan is cut short as $15million is raised within half of the time frame, 5 times more than Mr Zhang has asked for. The company is expected to list on ASX in May.

Star Combo was established in 2004 as a leading Australian nutritional products business that develops, manufactures and distributes a range of branded vitamins, dietary supplements and skincare products, serving both domestic and growing offshore markets (predominantly in Asian countries).

The Company is one of only nine TGA soft gel production licence holders in Australia. It provides facilities, as an Original Equipment Manufacturer (OEM) to other vitamin companies, and owns four brands – Costar, Amax, J&K and Living Healthy.

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