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FBS Global Limited, a Cayman Islands holding company incorporated on March 10, 2022, operates through its wholly-owned Singapore subsidiary Finebuild Systems Pte. Ltd., providing interior fit-out and main construction services with a focus on green building solutions since 1996. The company specializes in design, supply, and installation of ceilings, partitions, acoustic panels, and mechanical/electrical services for institutional, residential, commercial, and industrial projects in Singapore, holding BCA registrations including L5 for interior decoration (tender limit S$16M) and B2 for general building. Financials show revenue declining from S$21.8M in 2023 to S$13.8M in 2024 with net loss of S$814K, but improving to S$244K profit in H1 2025 on S$7.8M revenue; cash position strengthened to S$7.0M as of June 30, 2025 post-IPO. This F-1/A registers a best-efforts offering of up to 8,130,081 Ordinary Shares and Warrants at $1.23/unit (last Nasdaq price Feb 25, 2026), plus Pre-Funded Warrants, targeting ~$8.8M net proceeds for business expansion, working capital, and general corporate purposes. Ordinary Shares trade on Nasdaq (FBGL) since Feb 2025 IPO raising $8.8M. Investment thesis centers on established 20+ year track record in Singapore's growing green construction market (BCA forecasts S$47-53B demand in 2025), certifications (ISO 9001/14001/45001, bizSAFE Star), and project pipeline including S$104M contracts awarded Sep 2024-Feb 2026, positioning for sustainability-driven growth amid public sector emphasis.
Offering Amount
$20.0M
Shares Offered
500,000,000
Price Range
$1.23 – $1.23
Issuer Type
Shares Offered
8,130,081
Offering Amount
$10,000,000
Price Range
$1.23
Share Type
Ordinary Shares
Exchange
Nasdaq Capital Market
Ticker
FBGL
Use of Proceeds: Business expansion (50%), working capital (25%), other general corporate purposes (25%)
Singapore-based green building contractor and interior fit-out specialist with 20+ years track record in institutional, residential, commercial, industrial projects through subsidiary Finebuild Systems Pte. Ltd.