Stock news 11:03 AM 2024-01-18
Advice IT Infinite Public Company Limited (ADVICE) has set the price for the initial public offering (IPO) of 170 million shares at 3.24 baht, a total offering worth 550.08 million baht, open for subscription between 22-24 January 2024 , with Asia Plus Securities acting as the underwriter and underwriting manager, and KGI Securities (Thailand) serving as the financial advisor. It is expected to be listed on the Stock Exchange (SET) on January 31, 2024, service / commercial business group.
The determination of the IPO offer price this time is based on the ratio of share price to net income per share of the company (Price to Earnings or P/E Ratio). The share price of 3.24 baht is considered to be the ratio of share price to net income per share (Trailing 12 -month P/E Ratio) equal to 7.26 times compared to earnings per share of 0.4465 baht, calculated from net profit for the last 12 months (1 October 2022 – 30 September 2023 ) of 200.9 million baht divided by the amount All shares before the IPO and calculated as a P/E Ratio equal to 10.00 times compared to earnings per share of 0.3240 baht If considering net earnings per share calculated from the total number of shares after the IPO, which is equal to 620,000,000 shares (Post-IPO Diluted or Diluted Fully Dilute)
Ordinary shares of active participants 444,033,333 shares, which includes 341,000,000 shares of active participants with a Quiet Period, which accounts for 55%, Therefore, the remaining shares of active participants not related to r Quiet Period amount of 103,033,333 shares, which is equivalent to,16.62% existing shareholders agree and voluntarily agree not to sell all their holding shares in addition to the criteria of the Stock Exchange Quiet Period (Voluntary Closing of Shares) as follows:
– Mr. agreed. Natthikarat and Mr. Amorn Tathong, main shareholders, not to sell 67,560,000 shares that are not in the Quiet Period for 3 months from the first day the shares are traded.
– Six other shareholders agreed, namely Mr Preecha Sinapa, Mr Pramet Ek-un, Mr Bancha Wonglikpai, Mr Kan Phutanalak, Mr. Saran Prachan and Mr. Ekachai Raweesaengsur, not to sell shares to which there is no Tawel attached .Period, a total of 41,440,000 shares, for 1 month from the trading date.
By InfoQuest News Agency (18 Jan. ’24)
Tags: ADVICE , IPO , Thai stocks , stock offering , Advice IT Infinite
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