OMS Energy Technologies, a Singapore-based manufacturer of surface wellhead systems and oil country tubular goods, filed on Monday with the SEC to raise up to $32 million in an initial public offering.
OMS Energy Technologies is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) used in the oil and gas industry, primarily for onshore and offshore E&P activities in the Asia Pacific and the Middle Eastern and North Africa Regions. The company has a presence in six jurisdictions, with 11 manufacturing facilities located in oil and gas service hubs. It also has finishing facilities in close proximity to some of its top end-users' E&P operations, including in Saudi Arabia where its largest client Saudi ARAMCO Oil is located.
The Singapore-based company was founded in 1972 and booked $181 million in sales for the 12 months ended March 31, 2024. It plans to list on the Nasdaq under the symbol OMSE. OMS Energy Technologies filed confidentially on May 29, 2024. Roth Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
