Bangkok, Advice IT Infinite Public Company Limited, a business operator selling IT products and providing comprehensive after-sales services. Ready to trade on the SET on 31 Jan. with a security value at the IPO price of 2,008.8 million baht, using the abbreviation for trading securities as “ADVICE”.
Mr. Manphong Senanarong, Deputy Manager, Head of Securities Issuer Division The Stock Exchange of Thailand (SET) revealed that the Stock Exchange welcomes Advice IT Infinite Public Company Limited to register and begin trading on the Stock Exchange. in the service group Commercial business category Using the securities trading abbreviation “ADVICE” on January 31, 2024.
ADVICE is one of the country’s major IT retail and wholesale distributors under the name “Advice” which is an IT superstore. which sells a variety of IT products Covers both general IT products and products that have specific needs, such as equipment for gamers, streamers, YouTubers, and creators. Including digital lifestyle products, Internet o
f Things (IoT) to smartphones and home appliances. It is distributed through 338 branches nationwide. and online channels. In addition, we also provide a service for claiming products that have problems with the manufacturer. and provide maintenance services Complete check of IT equipment
ADVICE has a total of 620,000,000 issued and paid-up shares after the IPO, consisting of 450,000,000 original common shares and 170,000,000 additional common shares with a par value of 0.50 baht per share. Total registered and paid-up capital after the IPO is 310,000,000 baht, offering to resell additional common shares. The first general public between 22 – 24 Jan. 2024 at a price of 3.24 baht per share and has a security value at the IPO price of 2,008.8 million baht. The IPO share offering price is calculated as the price-to-net-earnings-per-share (P/E) ratio. ratio) is equal to 7.26 times, with KGI Securities (Thailand) Public Company Limited serving as the financial advisor and Asia Plus Securities Company Limited ser
ving as the underwriter and underwriter for the distribution of common shares.
Mr. Nat Natthanithikarat Chief Executive Officer of Advice IT Infinite Public Company Limited or “ADVICE” revealed that the company is very pleased that ADVICE will be listed on the Stock Exchange of Thailand. This is an important step that increases business expansion opportunities. We firmly believe in the strength of the capital base after this time of fundraising. and being a listed company with good corporate governance This will allow the company to grow continuously and sustainably in the future. ADVICE plans to use the money from the fundraising to expand new branches and modernize existing branches. Including using it to repay loans from financial institutions. Used as working capital for purchasing products. and invest in improving the company’s information technology system
ADVICE has a policy of paying dividends to shareholders at a rate of not less than 40 percent of net profits according to the separate financial st
atements after deducting all types of reserves required by law and the Company. Set each year. However, consideration of dividend payment may change. It depends on suitability and future operating plans. According to the Board of Directors and/or the shareholders of the company deem it appropriate
However, after the IPO and the sale of the original common shares on the first day of trading on the stock exchange. There will be major shareholders including 1) Thai Joint Venture Group Co., Ltd., 25.8%, 2) Mr. Nat Natthikarat, 25.2%, and 3) Mr. Amorn Tathong, 9.9%, representing a total shareholding of 60.9. % of paid-up registered capital
Investors and interested parties Please see details from the company’s prospectus at the SEC’s website at www.sec.or.th. and general information of the company at www.advicepcl.co.th and at www.set.or.th .-
Source: Thai News Agency