“V Beyond Development” aims to become a leader in the real estate agency business by submitting a file to the SEC, preparing to offer 230 million shares of IPO shares to finance the Stock Exchange of Thailand. Develop and use the money to expand the business. Increase potential and competitiveness And is used as capital to expand to strengthen the business with Pie Advisory Co, Ltd as a financial advisor.
Mr Woradej Rukkhaphan, CEO of V Beyond Development Public Company Limited or VBEYOND, disclosed that the company continued to file the registration statement and draft prospectus (filing) with the Securities and Exchange Commission (SEC) for a common initial public offering 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. use the development of new technologies for online service and operating system etc.
V Beyond Development Public Company Limited or VBEYOND acts 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 revenue recognition from new businesses such as innovative second-hand houses 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 Co., Ltd., discussed the overall performance of VBEYOND over the past 3 years (2020-2022), the amount of 85.13 million baht, 285.42 million baht and 223.61 million baht respectively and in the first quarter 2023, the company had a total revenue of 104.46 million baht.
The net profit was 8.00 million baht, 38.50 million baht, and 82.96 million baht, representing a net profit 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 gives 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 million baht from’ the same period last year or an increase of 100% 30.21 per cent as a result of growth in broker group income and income from the sale of real estate