Reporters reported that Monday, July 25, 65, the first day of the new IPO. Thai Life Insurance Public Company Limited or TLI Listed on the Stock Exchange of Thailand (SET), the financial industry group. in the insurance and life insurance business category The total number of following-IPO paid-up shares was 11,450 million shares, which was added from 850 million new IPOs following the previous 10.6 billion shares were registered.
The IPO price of TLI is 16 baht per share, which makes it a new stock with market capitalization or “market cap” at the IPO price of 183.2 billion baht, which is a stock that can be included in the SET50 index. immediately without having to wait for trading before 6 months or waiting for a new round of index review which the investment banking industry calls this case It is a Fasttrack entry into the SET50 Index.
For TLI, offering IPOs in the amount of not more than 2,155.07 million shares or not more than 18.80% of the total number of issued and paid-up ordinary shares of the Company, together withGreenshoe options of not more than 161.63 million shares offered for sale at a price of 16 baht per share, which institutional investors both domestically and internationally including retail investors The congested buying parade caused the shares to be offered for sale to be fully subscribed.
part of the criteria “Fasttrack” for the SET50 index of the Stock Exchange of Thailand (SET). The rule states that new stocks listed on the SET if there is a “market cap” of more than 1% of the market cap, including the stock exchange. or is a stock with the highest market cap value in the top 20 in the SET50, the SET will bring such shares calculated on the SET50 and SET100 index in 3 business days following that stock Start trading on the stock exchange for the first day.
However, the aforementioned criterion excludes shares arising from business restructuring. or merger with the former listed company As for the stocks that are excluded from the calculation of the SET50 index, the SET will choose from the stocks with the lowest market cap at that time. out of index calculation by putting it in the reserve securities group instead.
As for TLI shares, the market cap at the IPO price is 183.2 billion baht, accounting for 1% of the market cap, including the stock market. 18,548,890.20 million baht (as of July 22, 65) TLI shares are also counted as stocks with the 23rd highest market cap of the Thai stock market.
This means that if TLI can move its market cap ranking up by only 3 ranks, TLI shares will meet the criteria set by the SET and can jump into the SET50 index immediately. Climbing up only 3 more ranks, it might not be too difficult to reach. That’s because, as usual, for IPOs that are traded on the stock exchange on the first day, stock prices tend to go up very strongly for the most part.
For entering the SET50 of TLI, if you look at the criteria and find that there “Marketcaps” more than 1% of market caps, including the SET. This part is considered to be entered according to the rules.
But if that happens to TLI, or just the stock price rally and close more than 2% is enough to give TLI’s market cap a jump. Until jumped into the SET50 index immediately by surveying the market cap of the SET50 group as of July 22, 65, because the stock with the market cap ranked 20 is CRC at 215,608.25 million baht. The 21st place is PTTGC market cap. at 199,516.57 million baht and 22nd place is GPSC market cap at 186,102.14 billion baht
Stocks that are at risk of falling out of the calculations in the SET50 index from entering TLI trading, ranked 50th, IRPC, due to the lowest market cap among the SET50 stocks at 64,981.45 million baht, ranked 49th place is BLA Market Cap 65,741.29 million baht, 48th place is SAWAD market cap 67,971.04 million baht, 47th place is JMART market cap 68,100.27 million baht and 46th place is KCE Market. Cap 68,250.57 million baht
As for the total market cap value of SET50 stocks, see the accompanying table (data as of 22 Jul 65).