ITNS sells 70 million shares of IPOs, will be trading on October 25

Mr. Rattachai Thirathanawat Co-Chief Executive Officer Investment Banking – Capital Market Securities Company Dao (Thailand) Public Company Limited as a financial advisor and underwriter and underwriter of the sale of the Company’s newly issued ordinary shares. International Network System or ITNS Revealed that the subscription for ITNS shares 70 million shares and 10,000,000 shares of Greenshoe shares with a par value (par) of 1.00 baht per share at a price of 3.89 baht per share between 12 and 17-18 October 2022. In the past, it has been actively attracted by investors. Because it is confident in the fundamentals of ITNS, which operates in the information and communication technology industry. that has a tendency to grow in the future continuously Due to the current global trend that is related to communication by applying more modern technology.

In addition, ITNS is one of Cisco’s Gold Certified Partners, and it differs from other SIs in its repair and maintenance business. including equipment rental services In addition to being a type of recurring income, it is also a business that can generate returns for the company. More than traditional SI businesses

In addition, the management and the team is a team with almost 20 years of experience and expertise in the industry, and another reason why ITNS shares have gained a lot of attention from investors. This is because there is a backlog project that hasn’t been delivered in the amount of 523 million baht, which shows the leaping growth of ITNS in the future.

ITNS shares will be listed on the Market for Alternative Investment (mai) on October 25, using the trading abbreviation “ITNS” in the technology industry.

Mr. Somchai Uamkrathum Chief Executive Officer of International Network Systems Public Company Limited (ITNS) said that the company’s strength is in a large industry worth hundreds of billions of baht. However, if comparing only the Gold Certified Partner group of Cisco, the total revenue is over 43,245 million baht, which in this group the company has a market share of 0.86%, reflecting that the company There are still many opportunities for business growth.

In this regard, the Company has a goal to use the proceeds from this fundraising as an investment in companies that operate businesses related to the Company’s business. Used to expand equipment rental business and used as working capital for the Company’s business operations.

As for the operating results of the company, for the first 6 months of the year 65, the company had a total revenue of 176.05 million baht, a net profit of 22.23 million baht, while at present there is a backlog pending total revenue of 523 million baht. It will gradually recognize revenues this year around 369.91 million baht, which is expected to create results in both revenue and profits in the year 65 outstanding growth. In addition, there are many other projects that the Company will participate in the auction in the future. Also, at present, a team of project sales staff has been added. to support future expansion as well

In addition, ITNS operates in information and communication technology business. It is the designer and installer of a network system and a complete communication system (System Integrator), which can be divided into 3 types as follows: 1. Business selling and designing and installing equipment related to information technology and communication systems. 2. Equipment repair and maintenance business and 3. Equipment rental business