1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. đť•Ź Posts
Discussion
1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. đť•Ź Posts
Discussion
1. Investment Snapshot
2. Valuation
Discussion
Symbol
ININ
Sector
Industrials
Subsector
Trading Companies & Distributors
Offer Range
—
Shares Offered
6.25M
Shares Outstanding Pre-IPO
2K
2K
—
312500.0%
Implied Upside vs Midpoint
Description
We are a fastener supplier in Singapore, providing fasteners such as bolts, nuts and other industrial components to our customers in sectors including construction, mechanical and electronical (“M&E”), maritime and manufacturing. One of our operating subsidiaries in Singapore, Sin Lian Seng Bolts & Nuts Pte Ltd (“SLS”), was incorporated in Singapore in 1986 and has grown into one of Singapore’s oldest fasteners suppliers. SLS has a long operational history in Singapore, which enhances the visibility and competitiveness of our Group in the Singapore market. We have adopted ISO 9001:2015 quality management system accredited by the British Standards Institution (“BSI”). On June 26, 2025, SLS effectively acquired 1,000 shares representing 100% of the shares in the issued and paid-up share capital of Lumenx Energy Pte. Ltd. (“LX”) for an aggregate consideration of S$10,000. On September 4, 2025, SLS entered into an Agreement for the Sale and Purchase of Shares in the Capital of LX with Teng Teng, the former sole shareholder of LX, to ratify the aforementioned transaction. Following the acquisition of LX, we expanded our business downstream, focusing primarily on solar photovoltaic (“Solar PV”) engineering, procurement, and construction (“EPC”) services in Singapore. While our Solar PV EPC business has a limited operating history and remains at an early stage, our mission is to accelerate the global transition toward clean energy. Our total revenue increased by approximately S$1.6 million from approximately S$5.5 million for the year ended June 30, 2024 to approximately S$7.1 million (US$5.5 million) for the year ended June 30, 2025. The increases were primarily due to revenue generated from (i) the sale of fastener products, which was approximately S$5.5 million and S$6.3 million for the years ended June 30, 2024 and 2025, respectively; and (ii) the sale and installation of solar systems, which was nil and approximately S$0.7 million for the years ended June 30, 2024 and 2025, respectively. Our total revenue increased by approximately S$0.8 million from approximately S$2.9 million for the six months ended December 31, 2024 to approximately S$3.7 million (US$2.8 million) for the six months ended December 31, 2025. The increases were primarily due to revenue generated from (i) the sale of fastener products, which S$2.9 million and S$3.3 million for the six months ended December 31, 2024 and 2025, respectively; and (ii) the sale and installation of solar systems, which was nil and approximately S$0.3 million for the six months ended December 31, 2024 and 2025, respectively. --- We were incorporated in the Cayman Islands as an exempted company with limited liability on October 21, 2025. Our registered office in the Cayman Islands is at the office of Ogier Global (Cayman) Limited, 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands. Our principal executive office is at 30 Kranji Loop, Unit #02-12, Singapore 739570. Our telephone number at this location is +65 67483226. Our principal website address is www.sinlianseng.com.sg. Our agent for service of process in the United States is Cogency Global Inc., 122 East 42nd Street, 18th Floor, New York, NY 10168.