Sinda Ltd. (SIND) — IPO Dossier

A single-asset silver explorer priced 17,750,000 shares at $12.00 on the NYSE with no selling stockholders, a $110 million strategic placement locked up for 180 days, and a cornerstone investor that was never locked up at all.

Demand read

Bellipo Demand Index for SIND was scored at 61, ACTIVE, at high confidence on 2026-07-05 under methodology v1.1, from four inputs: pricing signal (priced mid-range at $12.00 against $11.25-$13.25), underwriter quality (Tier 1 lead, Morgan Stanley), sector momentum (mining), and market regime. The BDI measures pre-trade demand conditions as of that scoring timestamp. It is not a valuation, not a rating, and is not paired with any post-listing price outcome.