Bangkok, PANEL entered trading on the Stock Exchange of Thailand or SET for the first day. The opening price was 4.30 baht, an increase of 16.85% from the IPO price of 3.68 baht per share.
Mr. Praphan Charoenprawat, Manager of the MAI Stock Exchange (mai), revealed that the mai Stock Exchange welcomes Penelesmatic Solutions Public Company Limited to register and begin trading on mai under the Real Estate and Construction Group. Using the abbreviation for securities trading as “PANEL” on February 22, 2024.
PANEL is a manufacturer and distributor of mobile soundproof sliding wall products, glass doors, and smart entrance and exit systems. which is a group of interior design products for general buildings under the brand PANELÉS. In addition, we have been appointed as the sole import and distributor agent in Thailand. For products used in healthcare facilities, the brand MANUSA from Spain, such as automatic vacuum doors used for operating room doors. X-ray room door The company has a factory located at Khlong
Luang District Pathum Thani Province Supports production according to customer orders, which include contractors, facility owners, and architects who specialize in healthcare facilities, hotels, companies, and various stores. In the first 9 months of 2023, the company has revenue from selling products for interior architecture. : Product group for healthcare facilities : Service income and others In the proportion of approximately 60 : 30 : 10 percent, respectively.
PANEL has a paid-up capital after the offering of 95 million baht with a par value of 0.50 baht per share, consisting of 140 million original common shares and 50 million additional common shares, which will be offered to individuals at the discretion of the underwriter in full on On February 14-16, 2024, at a price of 3.68 baht per share, equivalent to an IPO offering value of 184 million baht. Securities value at the IPO price of 699.20 million baht.
In determining the IPO price, the ratio of share price to net profit per share (Price to Earni
ngs Ratio: P/E Ratio) is 29.72 times, which is calculated from net profit for the past 12 months. (from October 1, 2022 to September 30, 2023) equal to 23.53 million baht divided by the number of common shares issued and paid after this share offering (fully diluted) will result in net income per share equal to 0.12 baht by There is S14 Advisory Company Limited as a financial advisor. and Globlex Securities Co., Ltd. is the distributor and underwriter. PANEL is trading on the Stock Exchange of Thailand or SET for the first day. The opening price is 4.30 baht, an increase of 16.85% from the IPO price of 3.68 baht per share.
Mrs. Julia W. Phetchapaisit, Chief Executive Officer of Penelesmatic Solutions Public Company Limited, revealed that the company is an expert in mobile soundproof walls. Automatic operating room door system and intelligent entrance and exit system Throughout the period of more than 34 years, the company has been committed to providing complete services to be One Stop Service, such as desig
n, procurement, installation, and after-sales service, etc.
For the money received from fundraising The company will invest in building a new factory and purchasing machinery to increase production capacity and efficiency. Used to repay loans and use as working capital for the company’s operations.
PANEL’s major shareholders after the IPO are the family of Mrs. Julia W. Petchapaisit, holding 40.53 percent of the shares and Mr. Ansurat Areekul holding 33.16 percent of the shares. The company has a policy of paying dividends to shareholders. At a rate of not less than 40 percent of the net profit from the separate budget after deducting taxes and legal reserves.
Source: Thai News Agency