Betagro Public Company Limited or BTG It was revealed through the investment prospectus (Filing) that the initial public offering (IPO) price was set for no more than 434,800,000 shares. Price 40 baht per share, par value (par) 5 baht. with Kiatnakin Phatra Securities and Bualuang Securities as financial advisors and underwriters and underwriters.
The subscription period is set for 2 periods, namely 10-17 October 65, open to reservation for existing shareholders of the Company. Person at the discretion of the underwriter Person related to the Company and the company’s employees and subsidiaries and benefactors of the Company and its subsidiaries and on 20-25 October 65 open for reservations for institutional investors Main specific investors (Cornerstone Investors) Entities that can participate in the Initial Buyer Survey
The Company will give the over-allotment supplier the right to purchase the newly issued ordinary shares after the issue of the issued shares so that the over-allotment provider can acquire the shares for distribution to the shareholders who lend the shares for the over-allotment. • No more than 65.2 million shares
The share allocation ratio for the Company’s existing ordinary shareholders will be approximately 7,500,000 shares and domestic investors with a total of approximately 320,105,000 shares, foreign investors totaling approximately 107,195,000 shares.
In this regard, if domestic investors are separated, they will be divided into persons at the discretion of the underwriters of 150,500,000 shares.Persons related to the Company 5,200,000 shares, Employees of the Company and/or a subsidiary of the Company 12,300,000 shares, a sponsor of the Company and/or a subsidiary of the Company 23,000,000 shares, institutional investors who subscribed in the country Institutional Investors (excluding Cornerstone Investors domestically) and Entities who were able to participate in the demand survey 27,078,000 shares, institutional Cornerstone Investors subscribed 102,027,000 shares domestically.
Foreign investors are divided into institutional investors who subscribe abroad. (excluding institutional investors who Cornerstone Investors subscribed abroad) 27,078,000 shares and institutional Cornerstone Investors subscribed abroad 80,117,000 shares.
anyway BTG explained that the offer price was 40 baht per share. (from 1 Jul. ’64 to 30 Jun. 65), which is equal to 3,650.1 million baht divided by the number of shares issued and paid up. 1,934,800,000 Shares after this IPO will (Except for over-split) receive a net profit per share (Earnings Per Share) equal to 1.89 baht per share and a P/E of about 21.2 times. 2,000,000,000 shares (with excess allotment), Earnings Per Share at 1.83 baht per share and P/E around 21.9 times.
The company has compared the ratio P/E of 3 similar companies listed on the SET with similar or similar business characteristics, namely Charoen Pokphand Foods Plc (CPF) 25 times, Thai Foods Plc. Group (TFG) 32.8 times and GFPT Public Company Limited (GFPT) 27.3 times
Objectives to use the money from the IPO IPO (in case of no over-allotment in full) 17,392 million baht To finance the purchase and / or construction of new farms and factories 8,000 million baht, short-term and / or long-term debt payments 8,960-10,500 million baht, the rest is used as working capital.
BTG is a leading integrated agro-industrial and food business in Thailand. coverage of animal feed production and distribution Pharmaceutical products and animal additives Livestock Pig and poultry products Chicken eggs Related processed foods and pet food including distribution of farm equipment and related research and development activities
