Invest for a Sustainable Future, Impact Capital Asset Management

ICAM

Invest for a Sustainable Future

Impact Capital Asset Management

Established in August 2020, Impact Capital Asset Management Pte. Ltd. (ICAM) was conceived by seasoned professionals Deepak Mawandia and Atul Tetambe. Both have accumulated a wealth of knowledge and experience from their extensive tenures in the financial sector. In 2019, ICAM secured its RFMC license and subsequently introduced a technology-centric venture fund. By 2021, with the acquisition of its CMS license, ICAM witnessed steady growth in its assets under management. Presently, ICAM manages a portfolio exceeding USD 1 billion, diversified across various countries. Central to ICAM’s foundation is a commitment to offering a platform singularly dedicated to the best interests of its investor clients. The combined expertise of Deepak and Atul firmly establishes ICAM as a notable entity in the wealth management field.

Equity Bottom-Up

<ul><li>Losses persist as operating expense runs ahead of scale and financing inflows fund burn.</li><li>Operating cash flow was negative in FY2022 –3M2025 and cash rose mainly from equity.</li><li>Finance costs arise from deemed interest on an amount due to a shareholder (effective 9.1%), with repayment scheduled 2027 –2029.</li></ul>

Losses persist as operating expense runs ahead of scale and financing inflows fund burn.Operating cash flow was negative in FY2022 –3M2025 and cash rose mainly from equity.Finance costs arise from deemed interest on an amount due to a shareholder (effective 9.1%), with repayment scheduled 2027 –2029.

External broker reports(aggregated public sources), KGI Securities Singapore

KGI Securities

External broker reports(aggregated public sources)

KGI Securities Singapore

We are a pioneer Securities & Derivatives, Trading and Clearing Member of Singapore Exchange as well as a pioneer member of ICE Futures Singapore & ICE Clear Singapore. We offer our valued clients round the clock (24 hour) single-touch point for multi-asset clients and 24 hour high-touch desk for global products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>MetaOptics Ltd is a metalens technology business and is involved in the design and manufacture of meta optics components and products, including metalens, metalens camera modules, metalens manufacturing equipment, and metalens Internet-of-Things Products, such as infrared metalens cameras, pico projectors and Internet-of-Things metalens colour cameras.</li><li>The Singapore-headquartered semiconductor optics company debuted on the Catalist Board of SGX on 9 September 2025.</li><li>The IPO placement of 30 million shares at S$0.20 per share raised S$6.0 million and was fully subscribed.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

MetaOptics Ltd is a metalens technology business and is involved in the design and manufacture of meta optics components and products, including metalens, metalens camera modules, metalens manufacturing equipment, and metalens Internet-of-Things Products, such as infrared metalens cameras, pico projectors and Internet-of-Things metalens colour cameras.The Singapore-headquartered semiconductor optics company debuted on the Catalist Board of SGX on 9 September 2025.The IPO placement of 30 million shares at S$0.20 per share raised S$6.0 million and was fully subscribed.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

MetaOptics Ltd. (METAO SP / 9MT.SI): Snapshot of MetaOptics

Smartkarma AI, Smartkarma

αSK

Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
 <li>
<a href="https://smartkarma.com/entities/metaoptics-ltd">MetaOptics</a> is a vertically integrated, early-stage company specializing in metalens technology, a revolutionary approach to optics with the potential to disrupt various industries by replacing traditional bulky lenses with ultra-thin, lightweight, and efficient alternatives.</li>
 <li>The company recently debuted on the Singapore Exchange (SGX) Catalist board, making it the first pure-play metalens company to go public. The IPO proceeds are intended to fund research and development, business expansion, and strategic partnerships.</li>
 <li>While <a href="https://smartkarma.com/entities/metaoptics-ltd">MetaOptics</a> holds a strong global market position, ranking 5th by revenue among metalens companies, it faces significant risks, including a history of losses, reliance on a limited number of suppliers, and the nascent stage of mass production for its metalens prototypes.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
MetaOptics is a vertically integrated, early-stage company specializing in metalens technology, a revolutionary approach to optics with the potential to disrupt various industries by replacing traditional bulky lenses with ultra-thin, lightweight, and efficient alternatives.
  The company recently debuted on the Singapore Exchange (SGX) Catalist board, making it the first pure-play metalens company to go public. The IPO proceeds are intended to fund research and development, business expansion, and strategic partnerships.
  While MetaOptics holds a strong global market position, ranking 5th by revenue among metalens companies, it faces significant risks, including a history of losses, reliance on a limited number of suppliers, and the nascent stage of mass production for its metalens prototypes.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

<ul><li>MetaOptics ranks 5th globally in 2024 among metalens companies by revenue, according to an Independent Market Report.</li><li>The IPO market capitalization is S$47.19 million, with a placement price of S$0.20 per share.</li><li>IPO net proceeds of S$4.0 million will fund R&D, business expansion, and working capital purposes.</li></ul>

MetaOptics ranks 5th globally in 2024 among metalens companies by revenue, according to an Independent Market Report.The IPO market capitalization is S$47.19 million, with a placement price of S$0.20 per share.IPO net proceeds of S$4.0 million will fund R&D, business expansion, and working capital purposes.

MetaOptics – Metalens Specialist – Debuts on SGX

Singapore

Metaoptics Ltd operates as a holding company. The Company, through its subsidiaries, designs and manufactures optics lenses, camera modules, and IoT devices. Metaoptics serves customers worldwide.

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MetaOptics (METAO SP)

MetaOptics Limited Initiating Coverage

Losses persist as operating expense runs ahead of scale and financing inflows fund burn. Operating cash flow was negative in FY2022 –3M2025 and...

ICAM

MetaOptics Ltd. (METAO SP / 9MT.SI): Snapshot of MetaOptics

MetaOptics Ltd is a metalens technology business and is involved in the design and manufacture of meta optics components and products, including...

KGI Securities

Primer: MetaOptics (METAO SP) - Sep 2025

MetaOptics is a vertically integrated, early-stage company specializing in metalens technology, a revolutionary approach to optics with the...

αSK

MetaOptics – Metalens Specialist – Debuts on SGX

MetaOptics ranks 5th globally in 2024 among metalens companies by revenue, according to an Independent Market Report. The IPO market...

Singapore Exchange Ltd (SGX)

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