Tropical Battery Company Limited
Company Summary
Founded in 1950, Tropical Battery began as a manufacturer of lead acid storage batteries before transitioning in the 1990s to focus on distribution. Over the past three decades, Tropical Battery has emerged as a leader in the design, manufacture, distribution, and retail of mission critical energy storage solutions. The Company focuses its sales efforts on solutions for energy storage, such as renewable energy and automotive service products.
APO Summary
Tropical Battery Company Limited APO
Details
Short Name: TROPICAL APO
Currency: JMD
Opening Date: May 22, 2025
Closing Date: July 4, 2025
Main Broker: Sagicor Investments, NCB Capital Markets
Arranger: Sygnus Capital Limited
Co-Lead Arranger: N/A
Co-Broker(s):
Key Financial Indicator(s):
What You Will Need
Before you get started, you will need the following to apply for an APO successfully.
Transfer funding to purchase APO
1. Proof of funds transferred to Sagicor’s Account.
Don’t know where to send funds?
or
2. Proof of email request to SIJL_IPO@sagicor.com showing the funding instructions.
An active JCSD account number
A JCSD account can be opened at any broker and is needed to purchase an APO.
Refund and Dividend Bank Account
A bank account where you would like to receive your refunds and dividends. When using BNS and FGB accounts, please include the branch code before your account number.
Signature Card and ID for joint holders and company signatories
If there are Joint holders or company signatories, they will need to sign for the processing of an APO purchase. Companies are required to affix their company's stamp/seal to the application.
Share Pool
GENERAL
687,165,776
Key Strategic Investor
267,379,679
687,165,776 shares in the "GENERAL" Share Pool at $1.87 per share
Minimum Shares: 1,000
Increment: 100
Share Pool: 687,165,776
267,379,679 shares in the "Key Strategic Investor" Share Pool at $1.87 per share
Minimum Shares: 1,000
Increment: 100
Share Pool: 267,379,679