STP submits filing IPO of 25.4 million shares to raise funds in the Mai market

Sahathai Printing and Packaging Public Company Limited (STP) submits filing, sells IPO (IPO) 25.4 million shares, raises funds to enter the Market for Alternative Investment (mai) to raise money for factory expansion – investment in machinery The demand for packaging is soaring. KGI Securities Company is a financial advisor.

On October 25, 2021, Mr. Suranai Rojwongcharat Chief Executive Officer of Sahathai Printing and Packaging Public Company Limited (STP) revealed that the company has filed a registration statement for the offering of securities (filing) with the Securities and Exchange Commission (SEC). .T.) to request for an offer for sale of 25,400,000 shares with a par value of 1 baht/share or equivalent to 25.4% of the total issued and paid-up shares of the Company After the offering of capital increase shares this time Listed on the Market for Alternative Investment (mai) with KGI Securities (Thailand) Public Company Limited as a financial advisor.

For the purpose of this fundraising to be used for investment in factory expansion projects and invest in more machines as well as for use as working capital and other operations for the maximum benefit of the business.

In this regard, STP is engaged in the printing business of paper packaging and all kinds of publications. As a service provider from the development and design of packaging. Making high quality plates Up to 12 colors printing and post-printing services such as UV coating are also available. gold foil stamping silver foil stamping corrugated splicing, die-cutting, etc. At present, the Company has a group of food manufacturers as a large customer base. Accounting for 91% and 94% of revenue in 2020 and the first half of 2021, respectively, and has a total production capacity of 10,000 tons per year.

As for the overall business outlook in the past, STP has continued to grow well. And from the situation of the Covid-19 epidemic, which started since the end of 2019, has affected the changing behavior of consumers around the world. that increases the amount of spending on food and consumer goods at home Such factors have a positive impact on the Company’s operating results. mainly as a result of the same large customers. Most of them are producers and distributors of canned seafood and processed seafood. increased production orders

In the past 3 years (2018-2020), revenue from sales and services stood at 352.2 million baht, 370.2 million baht and 440.6 million baht, respectively, supporting a net profit of 63.2 million baht. 59.0 million baht and 95.4 million baht, respectively. For the operating results for the first 6 months of 2021, revenue from sales and services was 282.8 million baht, while net profit was 70.2 million baht.

While the overall performance has continued to grow. from the increasing demand for packaging The main revenue structure of STP is from sales and service income in the first half of 2021.
accounted for approximately 97%, divided into revenue from the production of packaging with paper supplied by the Company
accounted for more than 94% and about 3% supplied by customers themselves.

The revenue from this segment continues to grow. As a result, the company Benefit from economies of scale with reduced unit production costs. Support the Company’s gross profit margin, increasing from 35.4% in 2018 to 41.6% in the first half of 2021. Even in 2019, the Company’s revenue from sales and services increased, but the net profit decreased slightly. due to the decrease in other income