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UPCOMING IPO

Primagrove Ltd (YHTE)

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

About Primagrove Ltd

We are a technology -focused company headquartered in Hong Kong, specializing in the design, development and customized software development services, complemented by technology -enabled workspace solutions. We provide digital and operational solutions that support business process improvement, operational efficiency, internal controls and data analysis.

From Primagrove Ltd's Form F-1 filed with the SEC on 2026-09-30. The issuer's own words — QuantLogix does not paraphrase it.

Industry
Services-Computer Integrated Systems Design
Headquarters
Grand Cayman, Cayman Islands
Incorporated in
Cayman Islands
Fiscal year ends
December 31

The offering

Ticker
YHTE
Exchange
XNAS
Expected listing
To be announced
Expected price range
$4–$6
Deal size
$31M
gross proceeds
Shares offered
6,250,000
Share class
Technology

Use of proceeds

We intend to use the net proceeds of this Offering as follows, after we complete the remittance process: • Approximately 30% of the net proceeds, for expanding our technical workforce and service delivery capabilities, including the recruitment of software developers, engineers, system architects, project management personnel and other technical professionals, as well as providing ongoing training and professional development to enhance our execution capabilities and support future business growth; • Approximately 25% of the net proceeds, for enhancing…

From Primagrove Ltd's Form F-1 filed with the SEC on 2026-09-30. Quoted from the prospectus.

Financials, as filed

The audited financial statements for this issuer are in its Form F-1 filed 2026-09-30. QuantLogix only publishes figures it can read directly from the filing.

Risks Primagrove Ltd flags in its own filing

The first 6 items of the issuer's “Summary of Risk Factors”, verbatim — the prospectus lists more. From Primagrove Ltd's Form F-1 filed with the SEC on 2026-09-30.

QL Listing Score — the prospectus, scored

50/100
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
Technology58
technology-language density 5.8/10k words (lexical indicator, not a technical audit)
Risk47
material weakness in internal controls disclosed · issuer will be a "controlled company" under exchange rules · lighter-than-typical hedging language
Foundationno evidence — excluded
✓ No going-concern doubt⚠ Material weakness in controls✓ Single share class✓ No customer-concentration flag◆ Emerging growth company (reduced disclosure)

From Primagrove Ltd's Form F-1 filed with the SEC on 2026-09-30. Extraction is deterministic — the same filing always produces the same score; 319k 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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