Bangkok--22 Jul--SET
Market for Alternative Investment (mai) will list Daii Group pcl, a finished fence producer andhome builder on July 23, under the ticker symbol "DAII". The company has a market capitalization at its initial public offering (IPO) price of THB 520 million (approx. USD 15.3 million).
mai President Prapan Charoenprawatt said that DAII would list in the Property & Construction industry group on mai. The company and its subsidiaries were manufacturers and distributors of finished fence for more than 20 years under the brand “FENZER” and “NUEVO” which have been well received among leading property developers and retail customers; semi-finished and fully finished home builder under “Qsaf Diamond” and “Ginza Home” brands; as well as supplier of aluminium doors and windows under “ATECH” brand, producing durable and distinctively innovative construction products.
DAII has a paid-up registered capital of THB 130 million, consisting of 100 million existing common shares and 30 million newly issued shares, with a par value of THB 1 each. The company offered newly issued shares to the general public via IPO during July 15-17 at THB 4 each, for a total of THB 120 million. Maybank Kim Eng Securities (Thailand) was its financial advisor and underwriter.
DAII Managing Director Thawat Meeprasertsakul said that this listing would enhance the company’s image and strengthen financial capabilities, as well as expand its leading position in the finished fence market nationwide and help reducing construction cost to serve wider target groups. The fund raised would be used to set up the second home builder showroom and the second finished home factory for Ginza, build the finished fence factory and sales office in Rayong province in eastern part of Thailand, as well as for debt repayment.
DAII's three major shareholders after the IPO are Meeprasertsakul group (52.64 percent), Wachiraporn Sakulchan (3.88 percent) and Pienpanyarak group (3.61 percent). The IPO price was equivalent to price per earnings ratio (P/E ratio) of 36.36 times, calculated by using the company's net profit in the past four quarters (April 1, 2014–Mar31, 2015) of THB 13.95 million divided by fully diluted shares, representing earnings per share of THB 0.11. DAII's dividend policy is to pay no less than 50 percent of net profits after taxes and reserves.
For more information on DAII, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th and general information at the company's website at www.daiigroup.com, as well aswww.set.or.th.
Members of the media please contact the Public Relations Unit, Corporate Communications Dept.: Arada Kultawanich tel: +66 (0) 2229 2796 / Darawan Maleesri tel: +66 (0) 2229 2798 / Kanokwan Khemmalai tel: +66 (0) 2229 2048.