‘Agricultural and Medical Laboratory and Research Center (AMARC)’ submits filing, sells 120 million shares in IPO, purchases scientific equipment repay the loan as a circulating capital into mai within the year 65
Dr. Chindanai Chaiyong, Managing Director of Asia Medical and Agricultural Research Laboratory and Research Center Public Company Limited (AMARC) (AMARC) revealed that the company has filed the securities offering information and the draft prospectus ( Filing) to the Securities and Exchange Commission (SEC) for an initial public offering (IPO) of 120 million shares, representing 28.57% of the total shares. It is expected to be listed on the Market for Alternative Investment (mai) within the year 65 and has Nomura Securities Public Company Limited as its financial advisor.
Such funding will be used to support AMARC’s future growth, increasing its international credibility. to be known to both domestic and international users Including increasing competitiveness. The company aims to use the money received from fundraising for purchasing scientific equipment repay loans from financial institutions and used as working capital for business operations
The Company is a business provider of comprehensive services in science, agriculture, food, medicine and the environment, covering product analysis. tool calibration Auditing and certifying the quality management system according to international standards with a laboratory that consists of
modern scientific tools scientist and specialists in many fields. AMARC aims to help make Thailand’s agricultural and food products get quality control From upstream, midstream, to consumers To help build confidence in the safety of consumers both in the country and abroad as well as creating opportunities for businesses and entrepreneurs through building trust in products and management systems to be accepted internationally
AMARC’s business operations can be divided into 3 groups:
1. Testing service business: Providing laboratory analysis services (Testing Laboratory) which can be divided into 3 types of analytical services according to product type, namely (1) agricultural and food products (2) agricultural production inputs agriculture and the environment, and (3) medicinal products, herbs, dietary supplements. and cosmetics
2. Instrument and equipment calibration service business (Calibration) provides calibration services for laboratory instruments and equipment. Industrial plants, hospitals to certify that the tools and equipment used in the operation It is accurate according to international metrology standards. can be used
3. Inspection and Certification Business Provides auditing and certification services for management systems. Good Agricultural Practices production process that produces safe products It provides services for agricultural farms, fishery farms, food manufacturing plants. and environmental certification audits according to the quality system and international standards Including certification services for specific standards for enterprises and industries.
Currently, AMARC has been registered for laboratory competency accreditation for the analytical services business and calibration services business according to the international standard ISO/IEC 17025:2017 and for the quality system audit and certification business, the company has been registered. Accreditation of competence as an inspection body according to ISO/IEC 17020:2012, as a product certification body according to ISO/IEC 17065:2012 and as a certification body for management systems according to ISO/IEC 17021-1:2015. In addition, the company It has also been accredited for standards and competence in analysis, auditing and accreditation in a wide range of areas from the relevant regulatory bodies.
As for the overall operating results for the past 3 years (2019 – 2021), AMARC had total revenue of 198.04 million baht, 220.19 million baht and 248.55 million baht, respectively. while having a net profit of 18.19 million baht, 28.43 million baht and 24.86 million baht, respectively, or a net profit margin of 9.19%, 12.91% and 10.00%, respectively. In addition, the cumulative average annual growth rate (CAGR) between 2019 – 2021 of total revenue and net profit are approximately 12.03% and 16.91%, respectively.
