- Atlas Energy pcl (ATLAS), a leading end-to-end LPG distributor under the "PT" brand, will start trading on SET in the Resources sector on October 20, 2025.
- The fund raised will be to invest in the expansion of its LPG business, mainly in the transportation and household consumer sectors.
SET Senior Executive Vice President Soravis Krairiksh announced that Atlas Energy pcl (ATLAS) will be listed and start trading on The Stock Exchange of Thailand (SET) in the Energy & Utilities business sector of the Resources industry group, under the ticker symbol "ATLAS" on October 20, 2025. The fundraising will enable the company to expand investments and develop innovations in the energy retail business.
ATLAS is the flagship company of the PTG Group. Its core business consists of: 1. Distribution of LPG gas to household, transportation, and industrial sectors, both retail to consumers (B2C) and wholesale to entrepreneurs (B2B), under the PTG Group's "PT" brand, which has long been recognized by consumers; 2. Other businesses related to LPG distribution comprising the service in managing fuel distribution in service stations, as well as the service in providing advertising media in taxis. In the transportation sector, ATLAS holds the leading market share (31%), driven by its initiatives in the Taxi Ads, Taxi Transform, and Auto Transform projects, with focus on encouraging car users to switch to LPG as energy source. In terms of number of service stations, the company has over 240 service stations. Significantly, ATLAS's growth strategy aims to concentrate mainly on expanding own LPG stations, cooking gas shops, and cooking gas bottling plants, to strictly ensure superb operational quality and service standards. Currently, in the household sector, ATLAS has over 400 cooking gas shops, considered the first and only manufacturer in Thailand to produce seamless, rust-free, and consumer-safe aluminum tanks.
ATLAS Managing Director Suwatchai Pitakwongsaporn stated that ATLAS has envisioned the expansion of the services to meet the growing needs of users across all sectors. The fundraising via the capital market and the listing on SET will enormously enable ATLAS to expand our investment and develop the innovation-driven energy retail business, while enhancing the ecosystem, together with technology applications to facilitate customer communications. ATLAS aims to become a leader in innovative products and services to bring happiness to every household, in line with the company's vision.
ATLAS has a paid-up capital of THB 709.21 million (approximately USD 21.81 million) after the IPO, with a par value of THB 0.50 per share. The company offered 418.42 million IPO shares to subscribers at the underwriters'discretion, institutional investors of the underwriters, patrons of the company & subsidiaries, related parties of the company, including the committee members, executives, and employees of the company & subsidiaries, during October 7-10, 2025 at THB 3.00 per share. This offering generates a total IPO value of THB 1,255.26 million with an IPO market capitalization of THB 4,255.26 million. The IPO valuation reflects the price-to-earnings (P/E) ratio of 15.85 times with the earnings per share of THB 0.19, calculated from the company's trailing four-quarter net profit (from July 1, 2024 to June 30, 2025), divided by fully diluted shares. Sage Capital Limited serves as financial advisor, and KGI Securities (Thailand) pcl is the lead underwriter.
ATLAS's majority shareholder after the IPO is PTG Energy pcl, holding a total of 70.50 percent. The company's dividend policy is to pay shareholders a minimum of 30 percent of its net profit based on the separate financial statements after deduction of all reserves mandated by laws and the company's articles of association, depending on other necessities according to the company's board of directors as deemed appropriate.
For more information on ATLAS, please see the company's prospectus on the Securities and Exchange Commission's website at www.sec.or.th, and general information at www.atlasenergy.co.th and www.set.or.th.