$Lum Chang Creat(LCC.SI)$ has launched its IPO on Catalist and its public offer (1mil shares at S$0.25) is over 47.3 times oversubscribed!Its specialist focus and rapid growth have made the listing one to watch for small-cap investors.1. A niche leader in urban-revitalisation fit-outsLCC specialises in conservation, luxury retail and hospitality projects that demand heritage compliance and premium workmanship.This focus secures repeat work from government agencies, hotel chains and private developers, giving it meaningful scale without razor-thin margins.2. IPO structure and proceedsThe offer comprises 49 million shares at S$0.25, raising S$12.25 million.Only 1 million shares are for the public, while 48 million go to institutional and accredite
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