Premium Catering (Holdings), which provides food catering services to foreign workers and others in Singapore, filed on Thursday with the SEC to raise up to $20 million in an initial public offering.
Premium Catering is a certified Halal food caterer in Singapore specializing in Indian, Bangladesh, and Chinese cuisine. Originally founded to supply budget prepared meals to foreign construction workers, the company has since expanded and diversified its business to supply budget prepared meals to a wider spectrum of customers, operate the Food Stall in the canteen of a dormitory, and provide buffet catering services for private functions as well as corporate and community events. It also provides ancillary delivery services.
The Singapore-based company was founded in 2012 and booked $4 million in revenue for the 12 months ended December 31, 2023. It plans to list on the Nasdaq but has not selected a symbol yet (RC ticker: PRMC.RC). Bancroft Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
