Sunvending Technology Public Company Limited or “SVT” offers an IPO (IPO) of 200 million shares with the IPO price set at 2.54 baht. Subscription is available on 22-23 and 27 September. This is expected to trade in the SET in early Oct. ’21
On September 20, 2021, Mr. Wicha Tomana, Managing Director Investment Banking Phillip Securities (Thailand) Public Company Limited, as a financial advisor and underwriter and underwriter of the newly issued ordinary shares of Sunvending Technology Public Company Limited or “SVT” said: Signed an agreement appointing Phillip Securities (Thailand) to be the underwriter and underwriter of the sale of shares. including appointing 4 distributors and guaranteeing sales, consisting of
1. Nomura Securities Pattanasin
2. RHB Securities (Thailand)
3. UOB Kay Hian Securities (Thailand)
4. Krungsri Securities
To offer 200,000,000 shares for IPO, or 28.57% of the total issued and paid-up ordinary shares after this IPO.
In this regard, SVT has set the price for the initial public offering (IPO) at 2.54 baht per share. The company is preparing to open for subscription for IPO shares on September 22-23 and 27, 2021 and is expected to be listed. in the Stock Exchange of Thailand (SET) in the Commerce group by early October.
In addition, SVT shares are expected to receive good response from investors as SVT is a new retailer that sells products through vending machines. SVT has more than 20 years of expertise and experience with more than 13,884 vending machines (“Vending Machine-VMs”) installed. Cabinets can be up to about 700 SKUs.
“SVT’s highlight is that it is a pioneer in the retail business selling products through vending machines in Thailand. With a market share of 44% in terms of the number of machines installed at the end of 2020, it is considered the number 1 leader in Thailand. In addition, the company has an advantage over other operators from having a factory. with potential refurbishment and a research team that develops a variety of VM models to support product and payment services that meet the needs of customers. The company also plans to improve VMs to be more Smart. Help meet the lifestyle of consumers well. and lead to sustainable growth in the future,” said Mr. Wicha.
Mrs. Apassara Panupattana, Managing Director of Sunvending Technology Public Company Limited or “SVT”, a retailer operating through vending machines under the brand SUN Vending, said that listing in The Stock Exchange of Thailand (SET) will help strengthen the potential and strength to expand the business as planned.
Currently, SVT has vending machines covering 26 provinces and 11 branches with the objective of raising funds. To expand the installation of automatic vending machines to reach 20,000 machines, which will be a type of automated machines that support cash. and payment via electronic channels 15,000 devices (smart kiosks) by 2023
There are also plans to expand 3 more branches in the North. Northeast and the south respectively Including plans to expand to Franchise business to expand the service of selling products through kiosk covering the country.
