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UPCOMING IPO

Behneh Limited (BENE)

This company has not started trading yet. The live 5-factor QL signal switches on automatically on its first session.

About Behneh Limited

We are a Singapore -based financial technology company operating as a licensed MPI under the MAS through our Operating Subsidiary, which authorizes us to provide regulated payment services without transaction volume caps, including cross -border money transfer services.

From Behneh Limited's Form F-1 filed with the SEC on 2026-11-06. The issuer's own words — QuantLogix does not paraphrase it.

Industry
Services-Business Services, NEC
Headquarters
Singapore
Incorporated in
Cayman Islands
Fiscal year ends
October 31

The offering

Ticker
BENE
Exchange
XNAS
Expected listing
To be announced
Expected price range
$3–$5
Deal size
$20M
gross proceeds
Shares offered
5,000,000
Share class
Industrials

Use of proceeds

We plan to use the net proceeds of this Offering as follows: • Approximately 35% for expansion into new geographical markets and jurisdictions, including selective entry into new cross-border payment corridors and strengthening local operational and compliance capabilities; • Approximately 30% for development and enhancement of our AI-enabled risk and compliance intelligence platform to improve transaction monitoring, risk assessment and operational efficiency across our regulated payment operations; • Approximately 20% for liquidity and settlement…

From Behneh Limited's Form F-1 filed with the SEC on 2026-11-06. Quoted from the prospectus.

Financials, as filed

The audited financial statements for this issuer are in its Form F-1 filed 2026-11-06. QuantLogix only publishes figures it can read directly from the filing.

QL Listing Score — the prospectus, scored

59/100
Developing · low confidence
The evolution of the private-company QL Score at the point of listing: four evidence pillars read deterministically from the registration statement — growth, revenue quality, technology and risk — weights frozen per version (v1.1.0), pillars with no evidence excluded and reweighted, never defaulted.
Growthno evidence — excluded
Revenue qualityno evidence — excluded
Technology44
technology-language density 2.3/10k words (lexical indicator, not a technical audit)
Risk65
revenue concentrated in a handful of customers · lighter-than-typical hedging language
Foundationno evidence — excluded
✓ No going-concern doubt✓ No material weakness disclosed✓ Single share class⚠ Customer concentration disclosed◆ Emerging growth company (reduced disclosure)

From Behneh Limited's Form F-1 filed with the SEC on 2026-11-06. Extraction is deterministic — the same filing always produces the same score; 264k characters of the document were scanned. Technology signals are lexical indicators, not a technical audit. Not investment advice; the debut itself will be this score's first grade.

Deal terms come from the public IPO calendar and change up to pricing — an expected date reads “to be announced” until the underwriters set it, and a range is not a final price. Implied market cap and float are arithmetic on those disclosed terms. Nothing on this page is a forecast or a recommendation.

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