Ms. Duanphan Leelavivat, Managing Director of Pioneer Advisory Company Limited, as a financial advisor of Delta Color Public Company Limited (DPAINT), revealed that DPAINT will set the price of IPO shares and offer to general investors. within the month of Oct. Ready to be listed on the Market for Alternative Investment (mai) in 4Q21, with the initial public offering (IPO) of 53.25 million shares with a par value of 1 baht per share, equivalent to to 23.15% of the total number of issued and paid-up ordinary shares after this IPO
The company The proceeds from this fundraising will be used to improve factories, machines and build a new factory at Suwinthawong. Expected to be completed in ’68, purchase of 440 color mixers during the year 65-68, develop a new business information management system ERP to increase management efficiency, build a laboratory or research LAB to inspect and control product quality and invent new products in the future and develop product quality and marketing to expand the new customer base including partial repayment of short-term loans and the rest will be used as working capital of the Company.
As for the strengths of DPAINT, it is seen as one of the manufacturers and distributors of building paint with expertise. With the experience of executives from the Tangkaravakoon family in the first generation who has been in business for 42 years until coming to the 2nd generation with vision and experience Ready to revolutionize the building paint business in Thailand into the 5.0 era, including focusing on meeting the needs of customers. and develop quality products to the market Manage the product mix (Product Mix) in the special quality paint group to have a higher proportion.
At the same time, DPAINT has achieved strong performance over the past three years, with revenues and profits growing year after year. Even under the COVID-19 situation, in the year 63, the Company and its subsidiaries had revenue from sales and services of 596.2 million baht, net profit of 41.9 million baht, gross profit margin 41.9%, net profit margin 7.0%. Operations for the first 6 months of the year’19 had revenue from sales and services of 387.7 million baht, a 31.7% increase from the same period of the previous year, a net profit of 32.9 million baht, an increase of 48.2%, a gross profit margin of 43.3%, a net profit margin of 8.5%.
“The money raised from fundraising It will help upgrade the company to have factories and modern production technology. and the least disturbance to the environment Can increase the competitiveness with other manufacturers in the industry better. including investment plans in color mixers In order to expand distribution channels to meet the needs of consumers even more. It also reduces the number of stocks including the number of product SKUs, managing production costs. and distribute more efficiently, as well as support the growth of high-margin products. With a good dividend payment policy at a rate of not less than 40%, all of these reflect that DPAINT is a company that can generate stable growth. and worth watching.”
Mr. Ronnarit Tangkaravakun, Chief Executive Officer of Delta Color Public Company Limited (DPAINT), said that the company currently during the roadshow It is expected to receive a good response from investors. because the company is growing steadily from a variety of products both special quality colors with a lifespan of more than 10 years, high-quality paint with a lifespan of 5-10 years, and cost-effective quality paint with a lifespan of 1-5 years, as well as distribution channels through modern trade stores Semi-modern retail store and original retailers including more than 1000 stores nationwide In addition, the company There are important customer groups such as contractors and painters. Residential owner and owners of public and private projects
At the same time, the growth of the building paint industry still growing in line with economic trends and related businesses such as construction business real estate business retail business and modern building materials It is viewed as an industry with more reuse than other materials that may rely solely on New Demand, resulting in relatively consistent demand. or has a market value of about 20 billion baht
Mr. Ronnarit said that for the outlook for the rest of this year, the company expects 4Q21 to have a better direction compared to 3Q21 as it has passed its lowest point in the past quarter. come After being affected by the epidemic of Covid-19 and clearing down It is also the low season of the business. from seasonal factors (rainy season)
Looking at the year 65, it is expected to benefit from loosening the lockdown and opening the country. This will have a positive effect on tourism in the country. including the company There are still plans to release new products. To add variety to the market and products in the company’s portfolio
“We can observe that a building may have a lifespan of 50 years due to engineering technology, but the use of paint may require 5 or 10 years, meaning that in a building there may be five coats of paint. And it does not include the tourism sector that will recover after this, which will cause the demand for the use of color in hotel buildings. or tourist attractions For example, in other countries where there is a law to make the country more beautiful, it will be a group that makes the paint industry interesting,” said Ronnarit.
The company is still different from other competitors. in the paint industry In the business strategy, it is divided into 5 areas, namely, offering quality products, creating Brand Awareness that makes users more confident, increasing marketing distribution channels. and promote sales, increase production efficiency
While the company still has strengths, consisting of D : Diversification, which is a variety of products and distribution channels. Through offering a wide range of building paint products from various brands. meet the needs of various customer groups and has a variety of distribution channels covering almost all over the country
P : Productivity is to increase operational capability. based on the principle More value, less distraction to customers. The process is simple, comfortable, accessible. Minimize social and environmental disturbances, as well as bring Lean Management to increase efficiency and reduce waste in production.
A : Agility is flexibility in the management of the organization. openness to new business opportunities or new innovations quickly, continually assess the business situation and always adjusting business strategies to the situation There is development of personnel potential to keep pace with changes.
I : Innovation is outstanding in innovation by aiming to be a leading company in coating technology (Coating Solution) research and development team that offers products to the market that meet the needs of users. Seeking new partners To create product differentiation and step towards internationalization
N : New opportunity is a new business opportunity. The company aims to step into the Delta 5.0 era, ready to adapt to internationalization, develop product innovations, production and operations, as well as business expansion plans.
T : Trust is business credibility. by experienced company In the building paint manufacturing and distribution industry for more than 42 years, has a young management team with expertise and experience from various fields, applying Ikigai principles to sustainability in all processes, continuous growth in Double Digit’s core pre-Covid-19 situation, solid financial position over the past three years and sales revenue in the first six months of this year. Compared to the same period last year grew 31.7%.
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