2023-10-06 08:14:13
Stock news 3:03 p.m. 2023-10-06
Thanjira Retail Corporation Public Company Limited (TAN) has revealed that it has set the price for the initial public offering (IPO) of not more than 77.5 million shares at 16.50 baht/share. The IPO period in During 9-11 Oct. 2023, offered for sale through Kasikorn Securities. which is the underwriter and underwriter
The offering of common shares by the company is set at a price of 16.50 baht per share. If considering the net profit according to the company’s consolidated financial statements for the 12-month period (from the 3rd quarter of 2022 to the 2nd quarter of 2023), which is equal to 158.87 million baht divided by the number A total of 300 million common shares following the offering will have a net profit per share of 0.53 baht per share and a price to earnings ratio of approximately 31.16 times.
The company expects to receive a total of 1,233.02 million baht from this fundraising. The company plans to use the money as part of investment for business expansion of 100-150 million baht, to repay loans. with the financial institution, 991.59 million baht, and the rest will be used as working capital for the operations of the group of companies.
By InfoQuest News Agency (06 Oct. ’23)
Tags: TAN, Thanjira Retail Corporation, additional common shares, Thai stocks, stock offering
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