MS Holdings, which specialises in mobile cranes and lorry cranes, launched the IPO of 27m placement shares priced at SGD0.25.
Chief executive Jovan Yap said: "With a business track record spanning more than 50 years, this IPO marks an important corporate milestone for the Group and we look forward to building on this momentum to initiate our growth strategies and expansion of our business."
Revenue at MS Holdings has grown at a compound annual growth rate of 6.7% over the past three financial years, reaching SGD$17m in the 2014 financial year.
