Bangkok--4 Aug--SET
Silicon Craft Technology pcl, Thailand’s and ASEAN’s only RFID microchip research and development (R&D) company, will be listed on Market for Alternative Investment (mai) on July 30, under the ticker symbol "SICT". The company has a market capitalization at its initial public offering (IPO) of THB 552 million (approx. USD 17.5 million)
mai President Prapan Charoenprawatt, said SICT would list and start trading on mai in the Technology industry group. SICT focuses on integrated circuit design or microchip, which are crucial components in radio frequency identification (RFID) and operates as an original equipment manufacturer under “SIC” trademark for companies in numerous countries worldwide such as Europe, Australia, China and the United States. The company’s products are categorized in four product categories as follows: 1. Immobilizer 2. Animal tag 3. Access control & Interrogator 4. Other products and services such as Smart label, Smart sensor, and more, including other relevant products and services.
SICT has a paid-up registered capital of THB 200 million, consisting of 300 million existing common shares and 100 million newly issued shares, with a par value of THB 0.50 each. It offered the entire newly issued shares, of which up to 75 million shares were allocated to general public, up to 20.35 million shares to the company's directors, executives and employees, and not exceeding 4.65 million shares to benefactors, via IPO at THB 1.38 each, totaling THB 138 million, during July 21-23, 2020. The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 14.66 times, calculated by using the company's net profit in the past 12 months (April 1, 2019 - March 31, 2020) of THB 37.66 million, divided by fully diluted shares, representing earnings per share of THB 0.09. Finnex Advisory Co., Ltd. is its financial advisor and Aira Securities (Thailand) pcl is the lead underwriter.
SICT Chief Executive Officer Manop Dhamsirianunt said SICT is the first and only company in Thailand and ASEAN region that focuses on R&D of integrated circuit design products with over 17 years of business experience and a team of RFID R&D experts, and developing new products to keep pace with trade partners’ demand. The company’s products are widely recognized and exported to leading RFID manufacturers across the world. Proceeds from this IPO will be used to invest in equipment, design software, microchip test; intellectual property such as patents, as well as investing or joint-venturing with businesses that are engaged in design and integrated circuit development or other innovations that can support the firm’s existing operations, and as working capital.
SICT’s three major shareholders after IPO are Manop Dhamsirianunt (29.54 percent), Apinetr Unakul (16.67 percent) and Naiyavudhi Wongkomet’s Group (10.93 percent). The company’s dividend policy is to pay no less than 50 percent of net profit after corporate income tax and legal reserves.
For more information on SICT, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th; and for general information, please visit www.sic.co.th and www.set.or.th .
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