Bangkok, The Stock Exchange welcomes NL Development Public Company Limited. Building and construction contractors Ready to be traded on the Stock Exchange of Thailand on February 20, with a securities value at the IPO price of 1,300 million baht, using the stock trading abbreviation “NL”.
Mr. Manphong Senanarong, Deputy Manager, Head of Securities Issuer Division The Stock Exchange of Thailand revealed that the Stock Exchange welcomes NL Development Public Company Limited. Listed and started trading on the stock exchange in the real estate and construction group Construction service business category Using the securities trading abbreviation “NL” on February 20, 2024.
NL engages in the business of providing construction services for buildings and structures. Which provides comprehensive services starting from surveying, designing and building construction. As the main contractor It has the potential to receive work from both the public and private sectors. They have expertise in the construction of buildin
gs with special structures and specialized standards. Especially hospital buildings. In the past 3 years, the company has received most of its income from government customers. From work in the hospital category In addition, to support the operations of the company. Therefore, a subsidiary company was established to conduct labor business. Including a rebar cutting and bending factory to manage rebar usage efficiently. and a wooden furniture production factory to support customer needs in building interior decoration work. As of September 30, 2023, the company has 10 projects that have not yet been delivered, representing an unrealized value of 2,107 million baht.
NL has a total of 500,000,000 issued and paid-up shares after the IPO, consisting of 370,000,000 original common shares and 130,000,000 additional common shares with a par value of 1 baht per share, total registered and paid-up capital after the IPO of 500,000,000 baht, offering to sell additional common shares. to the general public for the first
time between 12-14 February 2024 at a price of 2.60 baht per share and has a security value at the IPO price of 1,300 million baht. The IPO share offering price is calculated as the price-to-net-earnings-per-share ratio (P/E ratio). Equal to 8.44 times calculated from the company’s operating results from the 4th quarter of 2022 to the 3rd quarter of 2023, which is equal to 154.10 million baht divided by the total number of common shares of the company. After the IPO, Pioneer Advisory Co., Ltd. is the financial advisor and CGS International Securities (Thailand) Co., Ltd. is the underwriter and underwriter for the distribution of common shares.
Mr. Saran Rojlertchanya Managing Director of NL Development Public Company Limited (NL) revealed that NL operates a business providing complete building and construction contracting services. With over 43 years of experience and proven results, the company has a management team and a team of engineers with expertise. Responsible for controlling and inspecting operation
s closely to ensure construction is accurate, quality and able to deliver the best quality services. In the past, the company has been trusted by government and private sector customers. To be the construction operator in various projects
The company plans to use the proceeds from this securities offering. To purchase machinery and equipment for running a business and use it as working capital within the company to support increased construction work in the future
NL has a policy of paying dividends to shareholders at a rate of not less than 50% of net profits according to the company’s separate financial statements. After deducting all types of taxes and various types of reserves as specified in the laws and regulations of the company. Companies may consider paying dividends by taking into account other factors such as operating results, financial liquidity, cash flow, and future expansion plans. For the highest benefit to shareholders
After the IPO, NL’s major shareholders will be the Rojlertjanya family
group. which is the founding group of the company holds a total of 73.62% of shares, divided into 30% of shares held through RL Charanya Group International Company Limited and 43.62% of shares held by individuals.
Investors and interested parties can 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.nldplc.com and www.set.or.th .-
Source: Thai News Agency