HoonSmart.com > > “V BEYOND Development” (VBEYOND) is heading towards the leader of the real estate agency business, submitting a file to the SEC, preparing to offer 230 million shares of IPO shares to raise funds Stock Exchange of Thailand Development and use the money to expand the business. Increase potential and competitiveness and use as capital to strengthen business
Mr Woradet Rukkhaphan, Chief Executive Officer of V Beyond Development Company Limited (VBEYOND), disclosed that the company has filed a registration statement and draft prospectus (Filing) with the Securities and Exchange Commission (SEC) Office for a public offering initial of ordinary shares The total number of IPO shares offered to investors this time is 230 million shares, or 27.71% of the total number of shares. The par value (par) is 0.50 baht and it is expected to be listed on the Stock Exchange of Thailand (SET) with Pie Advisory Co., Ltd. as a financial adviser.
The funding will be used to support VBEYOND’s growth, increase credibility and improve competitiveness. The company The aim is to use the proceeds from the fundraising as working capital for business expansion. Using new technology developments for online services. and operating system etc.
V Beyond Development Company Limited (VBEYOND) operates as a real estate agent and broker. The company provides services to real estate customers. and customers involved in a full range of services (One Stop Service), covering upstream to downstream services of the real estate business, such as real estate brokerage services. procurement of interior and exterior design contractors building houses or multi-storey and multi-storey projects, etc. The company also provides real estate rental services to those who are interested. Including the recognition of new business income such as innovative used houses that stand out with the concept of “Smart Home” with energy saving and environmentally friendly innovations. at a price that everyone can access
VBEYOND has a vision to strive to meet the needs and reach consumer behavior in the modern real estate business and various services. by changing from difficult to easy And has a goal to grow into a Property Technology Company (Prop Tech), a model that brings together a variety of real estate products in one platform that meets all real estate needs, including buying, selling, renting, repairing, building, decorating and investing, along with delivering products and services that meet consumer needs with an intelligent identity search system to extend the business to grow
Mr Sumritchai Tangharat, as the financial advisor of Pie Advisory Company Limited, discussed the overall performance of VBEYOND over the past 3 years (2020 – 2022) amounting to 85.13 million baht, 285.42 million baht and 223.61 million baht respectively and in the first quarter of 2023, the company had a total revenue of 104.46 million baht.
Net profit of 8.00 million baht, 38.50 million baht and 82.96 million baht, representing a net profit ratio of 9.40%, 13.49% and 37.10% respectively.. Throughout the 3 years, the company’s net profit increased. As a result of the growth of the brokerage business together with cost control that provides higher profitability efficiency and in the first quarter of 2023, the company has a net profit of 26.42 million baht, a net profit margin of 20.29%, which is an increase of 6.13 of’ the same period the previous year million baht or an increase of 30.21% as a result of the growth in the income of the broker group and income from the sale of real estate
