The stock market has given the green light to SVR stocks for trading tomorrow, with an IPO price of 2.20 baht per share.

#SVR #Thanhoon – The Market for Alternative Investments (may) approved the stocks of Sivarom Real Estate Public Company Limited or SVR for trading tomorrow (February 8, 2023) by setting the price. market capitalization at an IPO price of 1,122 million baht.

Mr. Praphan Charoenprawat, Market Manager for Alternative Investments (May) He revealed that the Market for Alternative Investment (May) welcomes Sivarom Real Estate to be listed and start trading on May under the real estate and construction sector. By using the stock trading abbreviation “SVR” on February 8, 2023.

SVR is involved in the business of developing low-rise real estate in the category of single houses, semi-detached houses, townhouses, focusing on developing real estate projects in and around Bangkok by implementing projects under the brand “Sivarom” or “SIVAROM”. Project model for allocation of living space in the house Application of technology to join various devices inside the house to meet the needs of modern users SVR has completed real estate projects. There are 6 projects for sale, worth 2,995 million baht and 1 future project worth 686 million baht, which is expected to start selling and transfer ownership in the second half of 2023.

SVR has a post-IPO paid-up capital of 510 million baht with a par value of 1 baht per share, which includes 380 million existing ordinary shares and 130 million newly issued ordinary shares offered to the public for the time being first (IPO). from January 31 – February 2, 2023 at the offer price of 2.20 baht per share, the total fundraising value of 286 million baht and the value of securities at the IPO price of 1,122 million baht, shares (P / E ratio) of 13.93 times, has ‘to be calculated from the net profit for the last 4 quarters divided by the total number of shares after this IPO (fully diluted), which corresponds to a net profit per share of 0.16 baht.

Capital One Partners Company Limited is acting as financial advisor. and securities company Mae Globallex Co., Ltd. Including UOB Kay Hian Securities (Thailand) Public Company Limited as the underwriter guaranteeing the underwriting of the common stock.

** Raising funds to develop projects in Bangkok – perimeter

Mr. Attapawit Manotamraksa, Managing Director of Sivarom Real Estate Public Company Limited revealed that listing the company’s ordinary shares on the Alternative Investment Market this time will help strengthen capital. Increase the potential to expand the real estate development business, as well as the confidence of partners and consumers, which will help drive the company to achieve a high growth leap forward from SVR.

It intends to use the proceeds from the financing to finance the development of real estate projects in and around Bangkok, including repayment of short-term loans and the remainder to be used as working capital within the company.

SVR has the first 3 major shareholders after the IPO, namely Thiti Suriyarak Group holding 26.07% shares, Manothamraksa Group holding 23.17% shares and Mr. Chatri Techapapha holding 3.92% shares.

The company has a policy to pay dividends to shareholders at a rate of not less than 40% of the net profit of the Company’s separate financial statements each year after taxes and legal and other reserves

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