Mr. Lek Sikorn Witthaya President Asia Plus Advisory Company Limited, as the financial advisor for the IPO offering of Inset Settlement Public Company Limited or INSET revealed that it has determined the initial public offering price of 146 million shares (IPO) at a price of 2.69 baht per share, with a par value of one share. 0.50 baht. Subscription will be available between 27,30 September and 1 October and will be traded on the first day on the mai market on October 8, 62 in the technology group. By using the trading symbol as INSET
For this IPO Appointed Asia Plus Securities Company Limited as the underwriter and underwriter. With co-distributors And guaranteeing 5 distribution places, consisting of Yuanta Securities (Thailand) Company Limited, Finansia Cyrus Securities Public Company Limited, KGI Securities (Thailand) Company Limited Public Company Limited, Phillip Securities (Thailand) Public Company Limited and Trinity Securities Company Limited
The price setting of INSET IPOs at 2.69 baht / share is considered to be a price that is suitable for a strong fundamentals. Since it reflects the fundamentals of the company By considering revenue growth and continuous profitability Stable financial status, together with a backlog of up to 2.7 billion baht and supporting factors in overall government policies regarding telecommunications and communications infrastructure
Mrs. Yodruedee Santikul Assistant Vice President Asia Plus Securities Company Limited, as the underwriter and underwriter of the newly issued ordinary shares, INSET said that this IPO will receive the attention of all types of investors. Because it is a stock in the telecommunications infrastructure industry with high growth potential. At the same time, INSET operates its business and provides a full range of services. Which is different from other operators There is also a strong financial position. Therefore, it is confident that the shares will definitely receive good response from investors.
Mr. Sak Bowonpukkanasasut, Managing Director INFRASET PCL. (INSET) said The company will use the proceeds from this fund-raising Used to expand the business, consisting of the construction of a conduit network project in the underground In Bangkok area 2 and the network system project including the WiFi device (Google Station project) as well as use as the company's working capital.
"This funding will help support various investment projects. Both now and in the future Including to help increase the capital base for the company Has the potential to bid for large-scale projects with higher value Importantly, INSET has a project on hand waiting to recognize revenue of approximately 2.7 billion baht, which will enable the company to maintain good operating results. Consistently and continuously during the next 2-3 years and does not include projects that are under negotiation that are expected to increase as well. By aiming for consistent and continuous income growth. "
For the overall operating results for the year 2016-2018, the company has total revenue of 451.36 million baht, 530.29 million baht and 1,007.12 million baht, with a net profit of 43.14 million baht, 63.91 million baht and 94.56 million baht respectively. And in the six-month periods ended June 30, 2018 and year 62, the company had total revenue of 452.66 million baht and 577.68 million baht with a net profit of 31.18 million baht and 46.57 million baht respectively In which the main income of the company It comes from the revenue from the construction of data center and information technology systems. Next is revenue from infrastructure and telecommunications network businesses.
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