Stock news 1:39 pm 2024-04-30
Mr. Manphong Senanarong, Deputy Manager, Head of Securities Issuance Division The Stock Exchange of Thailand disclosed that the Stock Exchange has accepted Supreme Distribution Public Company Limited for registration and started trading on the Stock Exchange. in the technology industry group Information and Communication Technology Business Category Using the securities trading abbreviation “SPREME” on May 2, 2024.
SPREME has been in the business of providing information and communication technology services for over 30 years through the design, procurement, installation and distribution of complete equipment related to information technology systems and network systems (System Integrator), hardware and software, network systems such as LAN. Focusing on government sector customers Especially agencies involved in the education sector The company has expertise and is the main representative for the sale of educational software from Microsoft.
Thanks to a good relationship with internationally renowned manufacturers, the company is able to provide high quality products. And knowledge has been transferred to develop services that are always up to date with modern technology. Therefore, it has continuously won the trust of customers As of December 31, 2023, the company has work not yet performed (Backlog) worth approximately 442 million baht, which will gradually recognize income from 2024.
SPREME has a paid-up capital of 370 million baht with a par value of 0.5 baht per share through an initial public offering (IPO), totaling 200 million shares, which includes PSN Capital’s original ordinary shares Limited (a company in the Khanthamolee family group 20 million shares and an additional 180 million ordinary shares, offered for sale to individuals at the discretion of the underwriter. and institutional investors 160 million shares, benefactors of the company 30 million shares, and directors, executives, and employees of the company 10 million shares between 23 – 25 April 2024, priced at 2.60 baht per share, representing a fundraising value of 468 million baht. Warrants at an IPO price of 1,924 million baht, with Finnex Advisory Company Limited as the financial advisor and Finansa Securities Company Limited as the guarantor and underwriter of the ordinary shares.
Mr revealed Panuwat Khanthamoleekul, CEO of SPREME, that the listing on the stock exchange will support the company to grow in accordance with the strategy set. Both in business and driving technology in the country’s education sector Increase competitiveness and create added value in the long term To become a leader in information technology in Thailand The money from fundraising will be used as funding to support project applications at scale big Invest in business acquisitions to expand the business and as working capital
SPREME has the top 3 shareholders after the IPO which are 1) Khanthamoleekul family group. (Individuals and legal persons) who hold 67.57% of the shares 2) A group of brothers and sisters of Mr. Panuwat and Ms. Suporn holds 6.15% of shares and 3) Mr. Sarawan Sanitwong Na Ayutthaya holds 0.61% of the shares.
The determination of the IPO price is based on a relative value to that of similar companies listed on the stock exchange. which can be referenced (Market Comparable), which is calculated as a price to earnings ratio per share (Price to Earnings Ratio: P/E) equal to 12.29 times, which is calculated from profit net the last 4 quarters. Between January 1, 2023 and December 31, 2023 divided by the number of common shares after this stock offering (Fully Split), calculated as net income per share (Earnings per Share) which equal to 0.21 baht.
The Company has a policy to pay dividends at a rate of not less than 40 percent of net profit from the Company’s separate financial statements. After deducting corporate income tax and allocation of legal reserves.
By InfoQuest News Agency (30 Apr ’24)
Tags: SET , SPREME , Stock Exchange of Thailand , Panuwat Khanthamoleekul , Thai stocks , Manpong Senanarong
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