Civil Engineering Public Company Limited or CIVIL Listed on the Stock Exchange of Thailand (SET) today (27 Jan 2022) for the first day, opening the market at 5.25 baht per share, an increase of 0.65 baht or 14.13% from the subscription price of 4.60 baht per share.
CIVIL operates 3 types of businesses, namely 1) contracting business for horizontal projects 2) selling precast concrete parts and other types of construction materials To support the construction of the Group 3) Building and construction machinery and equipment rental business
The company has been in the construction business for a long time. and has expertise in low-rise projects such as railways, airports, dams and reservoirs. The main customers are government agencies and the private sector with potential. As of November 30, 2021, the company has work in progress of 16,813 million baht, which will gradually recognize revenue until 2024.
CIVIL has a paid-up registered capital after the offering of shares of 700 million baht with a par value of 1 baht per share, consisting of 500 million existing ordinary shares and 200 million newly-issued ordinary shares by offering.Initial Public Offering (IPO) Ordinary Shares Between 19-21 January 2022 at a price of 4.6 baht per share, representing a fundraising value of 920 million baht and a securities value at the IPO price of 3,220 million baht.
IPO pricing is determined based on the Price to Earnings Ratio (P/E) ratio of 16.8 times, calculated from the net profit attributable to the Company’s shareholders in the past 12 months. (Q4 of 2020 – Q3 of 2021) equal to 191.62 million baht divided by the total number of ordinary shares of the Company after this issuance of shares (Fully Diluted), representing a net profit per share of 0.27 baht.
with Bualuang Securities Public Company Limited as the financial advisor and underwriter and underwriter of the ordinary shares.
Mr. Piyadit Asawasirisuk, Chief Executive Officer revealed that the company is very pleased that CIVIL will be listed on the Stock Exchange of Thailand. This is an important step for the company. and believe that it will help enhance competitiveness increase business expansion opportunities and build capital strength
The company plans to expand more private sector jobs in order to spread the income structure in addition to government jobs. The proceeds from the fundraising will be used to purchase machinery and equipment for use in the project. In addition, part of the proceeds from the fundraising will be used to repay loans from financial institutions. and as working capital in the business
CIVIL has a policy to pay dividends to shareholders at the rate of not less than 40 percent of net profit, separate financial statements after corporate income tax and legal reserve.
The Board of Directors will consider the dividend payment by taking into account various factors. mainly for the benefit of shareholders And the dividend payment does not affect the normal operation of the Company. significantly
After the IPO, there will be a major shareholder, namely Asawasirisuk Holding Co., Ltd., holding a total of 64.29% of the paid-up capital.
