Civil Engineering Public Company Limited (CIVIL) has set the price for the initial public offering (IPO) at 4.60 baht/share with a par value (par) 1 baht/share. Buying IPO shares between 19-21 Jan. 65 by appointing Bualuang Securities as the underwriter and underwriter and Krungthai Seamico Securities as the distributor and underwriter of the IPO. It is expected that CIVIL shares will be listed on the Stock Exchange of Thailand (SET) around 27 Jan.
In this IPO, the Company will offer an IPO of 200 million shares, representing 28.57% of the Company’s total issued and paid-up ordinary shares. After the offering of newly issued ordinary shares in this time The proportion of the IPO, according to the investor group that will be allocated, is divided into 60% of institutional investors and juristic persons who can participate in the demand survey; Company’s patronage and its subsidiaries 15% ratio Directors and/or executives of the Company 4.35% and employees of the Company and its subsidiaries, the proportion is 1.58%
For the purpose of using the proceeds from the IPO, consisting of funds for additional investment in machinery and equipment used in construction projects 442-530 million baht, used to repay loans from financial institutions, 177 – 265 million baht, and money Working capital in business operation 88.4 – 264.4 million baht, which will support the period of use of money from IPO during the year 65-66
Mr. Pichet Sithi-Amnuai, Director of Bualuang Securities, Financial Advisor CIVIL’s IPO and underwriter, said: “The presentation of CIVIL’s operational plans and growth potential to institutional investors has attracted a lot of interest as CIVIL has a solid business foundation based on its experience. Long-standing industry expertise Recognized by government agencies, registered as a top-tier construction contractor and outstanding for efficient construction project cost management. by bringing technology to drive management in many dimensions
including having its own construction material factory It helps to increase the opportunity for growth from the administration of large-scale infrastructure construction projects of the government sector and to expand the private customer base. Ready to bring technology to help expand various types of building materials business, create revenue stability and drive gross profit and net profit margin continuously.
Mr. Piyadit Asawasirisuk, Chief Executive Officer of CIVIL, said that CIVIL is a leader in civil engineering and integrated construction. With more than 50 years of experience and expertise from the development of more than 1,000 large-scale construction projects and major infrastructure projects in the country, CIVIL currently has a backlog of approximately 16,873 million baht, gradually being recognized. Within 3 years, there are road works 6,165 million baht, railway work 8,387 million baht, airports 444 million baht, dams and reservoirs 1,140 million baht, and other works around 739 million baht.
“CIVIL continually improves itself. by bringing modern technological innovations to enhance competitiveness in all aspects, such as bringing information technology systems to help planning Track and analyze construction costs from start to finish of the project. Ready to use technology, equipment, modern machines that are suitable Increase project management efficiency, resulting in Economy of Speed, reducing project time and cost. with modern technology and construction methods with modern machinery and equipment to help manage the project effectively Increase the opportunity to manage large-scale infrastructure construction from the government sector. Both the form of bidding for the project and joining hands with business partners to jointly manage the project for maximum efficiency. or joint investment between the public and private sectors (PPP) that helps create cash flow stability for stable and sustainable business operations,” said Mr. Piyadit.
In addition, the company continues to expand the construction business to more private clients. The share of private sector income is expected to increase to 20% within three to four years, from around 5% at present, with the creation of various project management opportunities. to increase the rate of return on construction project management and ready to expand into businesses related to construction business Responding to expanding industry demands and balancing revenues for CIVIL’s business operations.
for the business of manufacturing and distributing building materials The Company has 11 construction parts manufacturing plants, producing 5 types of materials: precast concrete, ready-mixed concrete, asphaltic concrete, and prestressed concrete. and corrugated steel railings to protect cars and sewers, giving CIVIL a good cost management advantage in construction projects. as well as creating good growth opportunities by selling construction material parts to the Company’s partners and one such business is real estate services and machine tool rental. that rents office building space and machine tools It can still generate income for the company another channel. and help business partners grow together in line with the world’s sharing economy trend
Mr. Kowit Nuengsuk, Chief Financial Officer of CIVIL, said that the 2019-2020 performance was a success in driving continued growth. with total revenue of 3,210 million baht in 2019 and increased to 4,130 million baht in 2020, while in the first 9 months of the year 64 (Jan.-Sept.), total revenue was 3,736 million baht compared to with the same period of the year 63 with a total income of 2,999 million baht
The proportion of revenue comes from the construction business group of more than 90% of the total revenue, which has a remarkable growth rate from 2,950 million baht in 2019 to 3,752 million baht in 2020 and in the first 9 months of the year 64. Revenue from The construction business group was at 3,532 million baht, an increase from the same period of the previous year with a revenue of 2,719 million baht, representing a 30% growth.
Meanwhile, CIVIL’s gross profitability and net profit margins in the construction business were higher than those of listed companies in the construction industry. The gross profit margin was 14.60% in 2019 and 9.28% in 2020, the first nine months of the year 64 were at 11.08%, and the net profit in 2019 was at 141 million baht and 87 million baht in 2020 and in the 9-month period. The first year of the year’s 64 was at 170 million baht or accounted for a net profit margin of 4.38%, 2.10% and 4.56%, respectively.
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