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I2 Enterprise Public Company Limited (I2) sets the offer price of 120 million ordinary shares to the public (IPO) at a par value of 0.50 baht per share at an offer price of 2.70 baht per share.
The initial public offering (IPO) price of a company’s securities is a crucial decision. I2 Enterprise Public Company Limited (I2), in determining its IPO price, used the Price to Earnings Ratio (P/E) method. The favorable valuation resulted in an offer price of 2.70 baht per share, corresponding to a net profit ratio of 20.11 times. This calculation was based on the net profit per share from the company’s performance between June 30, 2022, and March 31, 2023, which amounted to 56.40 million baht. Considering the number of ordinary shares issued and paid after the IPO, there is a net share dividend of about 420 million baht, equivalent to a distribution of about 420 million baht net.
Following the IPO, four shareholders of I2, namely Mrs. Anchalee Kaewbanphot, Mr. Athiporn Limcharoen, Mr. Paitoon Pramualchaikul, and Mr. Yutthachai Thulaphan, plan to sell 18 million shares or 4.29% on the big-lot (Big-Lot) trading board at the IPO price on the first day of trading. Additionally, 15% of shares will be sold to MFs Limited Company (MFs) in order to maintain the MFs Limited Company’s 150000000000000000000. In this transaction, Synergy Group Ventures Company Limited (SG), a wholly-owned subsidiary of MFEC, will participate on behalf of MFEC.
The primary goal of the IPO is to generate funds, amounting to approximately 308.96 million baht. These funds will be utilized as follows: 200 million baht for working capital in large-scale project services for customers, 100 million baht for investment in related businesses to foster growth, and 8.96 million baht for the company’s general working capital.
I2 specializes in offering comprehensive Systems Integration (SI) services, which encompass consulting, design, procurement, installation, and distribution of telecommunications and information technology systems. Its scope includes infrastructure, network, transformation, high-speed satellite internet, and energy-saving technology.
By InfoQuest News Agency (24 July ’23)
Tags:
- I2
- IPO
- Thai stocks
- I2 Enterprise
Stock News10:41, 2023-07-24
I2 Enterprise Public Company Limited (I2) sets the offer price of 120 million ordinary shares to the public (IPO) at a par value of 0.50 baht per share at an offer price of 2.70 baht per share.
The price of an IPO is determined by the valuation of the company’s securities. through the Price to Earnings Ratio (P/E) method. Representing a price to net profit ratio of 20.11 times, calculating the net profit per share from the performance for the last 4 quarters between June 30, 2022 and March 31, 2023, which has a total net profit of 56.40 million baht and calculated from the number of ordinary shares issued and paid after the IPO, there is a net share of about 420 million baht (net dividend of 420 million baht), divided about 420 million baht net.
After the IPO, Mrs. Anchalee Kaewbanphot, Mr. Athiporn Limcharoen, Mr. Paitoon Pramualchaikul and Mr. Yutthachai Thulaphan will sell their shares together for 18 million shares or 4.29% on the big-lot (Big-Lot) trading board at the IPO price on the first day of trading MFs (MFs) 15% share to the MFs Limited Company (MFs) in order to maintain and retain the MF Limited Company 150000000000000000000. MFEC requesting Synergy Group Ventures Company Limited (SG) V) which is a 100% owned subsidiary of MFEC, will enter into the transaction instead
The company aims to use the proceeds from the IPO, about 308.96 million baht, to be used as working capital in large-scale project services for customers, 200 million baht, to invest in related businesses to generate growth, 100 million baht, and to use it as the company’s working capital 8.96 million baht.
I2 operates a full range of Systems Integration (SI) services including consulting, design, procurement, installation and distribution of products and equipment related to telecommunications and information technology systems such as infrastructure, network, transformation, high speed satellite internet. and energy saving technology
By InfoQuest News Agency (24 July ’23)
Tags: I2 , IPO , Thai stocks , I2 Enterprise
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