2023-10-02 15:59:36
HoonSmart.com >> The MAI Stock Exchange welcomes Jenkongklai Public Company Limited (JPARK) to begin trading on 3 Oct. Securities value at the IPO price is 1,520 million baht.
Written by Praphan Charoenprawat
Mr. Praphan Charoenprawat, Manager of the MAI Stock Exchange (mai), revealed that the mai Stock Exchange welcomes Jenkongklai Public Company Limited to register and begin trading on mai under the service group. Using the securities trading abbreviation “JPARK” on October 3, 2023.
As for JPARK, it is a service provider related to parking space management, divided into 3 main businesses: (1) parking service business (2) parking space management contract business (3) consulting and installation business. Set up a parking space management system The business provides services and parking management. The Company will enter into a long-term contract with the land owner for a contract period of between 12-36 months, which the Company has always extended the contract upon expiration.
In addition, the Company has divided some of the remaining parking spaces from the allocation of parking slots to outsiders for rent. To operate a restaurant business Convenience stores, etc. Currently, the company has more than 63 service areas, with more than 28,000 parking spaces under supervision, including connection points – transition points with the public transportation system. Shopping centers and markets, hospitals, educational institutions, and airports, etc. Most of the service areas are in Bangkok and surrounding areas due to the large number of private car users.
For the first 6 months of 2023, the company’s proportion of income from the 3 businesses mentioned and other services is 65:16:16:3. In addition, the company is in the process of investing in the construction of a parking building near Phranangklao Hospital. Total investment value not exceeding 300 million baht. Commercial operations are expected to begin within the third quarter of 2024.
JPARK has paid-up capital following IPO of 200 million baht, with a par value of 0.50 baht per share, consisting of 290 million original common shares and 110 million additional common shares, offered for sale to individuals at the discretion of the underwriter, not less than 82.5 million. Shares of the Company’s benefactors not exceeding 16.5 million shares, directors and executives and employees of the company, not more than 11 million shares on September 25-27, 2023 at a price of 3.80 baht per share, representing an offering value of 418 million baht, securities value at the IPO price of 1,520 million baht
The IPO price determination is calculated as a price to net earnings per share (P/E ratio) of 23.74 times, calculated from net earnings per share for the last 4 quarters (1 July 2022 to 30 June 2023). ) which is equal to 64.02 million baht divided by the total number of common shares following this stock offering (fully diluted), equivalent to a net profit per share of 0.16 baht, with Asset Pro Management Company Limited serving as a financial advisor. and Finansia Syrus Securities Public Company Limited is the underwriter and underwriter of the common shares.
Santiphon Jenwattanapaisarn
Mr. Santiphon Jenwattanapaisan, Chief Executive Officer of Jenkongklai Company (JPARK), said that the company has a team with more than 20 years of experience, with expertise in managing parking spaces in various formats, both on level ground and inside. Building Use a management system that has standards that can be verified. Including the development of modern technology and innovation to meet customer needs, such as cashless payment systems, providing various services through automatic service machines (Kiosk), and the company is in the process of developing the Prompt application. Park, which is a parking space management system to facilitate users. For the money raised from this fundraiser, it will be used to invest in the Phra Nang Klao Hospital parking building project. and use it as working capital for business operations
JPARK has a major shareholder following registration, Mr. Santiphon Jenwattanapaisan, holding 70.89% of the shares. The company has a policy of paying dividends to shareholders at a rate of not less than 40% of net profits according to the separate financial statements. After deducting various reserves As specified in the company regulations
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