RedDoorz eyes 2027 IPO in Singapore

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RedDoorz, a Singapore-based tech-enabled budget hotel management platform, is preparing for a 2027 mainboard listing on the Singapore Exchange (SGX), according to its founder and CEO, Amit Saberwal.

This comes as the company seeks to raise between US$50 million and US$100 million to fund an expansion strategy centered on acquisitions across the Asia-Pacific.

The firm expects to begin laying the groundwork for the listing plans within weeks by appointing investment banks, legal advisors, and auditors.

“We have the opportunity to deploy US$50 million to US$100 million of funds through our M&A pipeline and we want to aim for a similar range [for the IPO],” Saberwal told The Business Times in an interview.

“But it is still early to say. We will get more information once we kick off the IPO process,” he noted, adding that the exact timing would depend on market conditions.

“The sooner, the better. But it’s a volatile world right now, and every company would like to go public when market sentiment is positive,” said the CEO.

The company operates more than 4,400 properties across 257 cities under seven brands. It provides hotel management software and revenue management services to independent budget hotels.

Backed by venture capital firms such as Asia Partners, Mirae Asset Venture Investment, Jungle Ventures, SIG Asia Investments, and Qiming Venture Partners, RedDoorz plans to float 25% of its shares in the IPO.

M&A as IPO goal

The funds raised from the IPO will primarily finance the firm’s M&A efforts rather than organic expansion, as Saberwal believes acquiring established businesses offers a lower-risk route into new markets.

RedDoorz plans to acquire profitable hospitality businesses across the Asia-Pacific region – including in Australia, India, and other Southeast Asian markets – before integrating its proprietary hotel technology platform into those operations.

Beyond traditional hotels, RedDoorz sees opportunities to acquire villa management companies, extended-stay accommodation providers, and professional hotel operators that lack modern technology platforms.

It generates the bulk of its revenue through a revenue-sharing model with hotel partners, who use the company’s technology platform to manage reservations, pricing, distribution, and operations.

“Open to” Nasdaq listing