I&I Group pcl, an integrated digital and technology consultant, will be listed on Market for Alternative Investment (mai) on August 6, under the ticker symbol "IIG". The company has a market capitalization at its initial public offering (IPO) of THB 660 million (approx. USD 21 million).
mai President Prapan Charoenprawatt said that IIG will list and start trading on mai in the Technology industry group. IIG and its subsidiaries provide digital & technology consultancy for businesses. Its core consultancy system design and installation services are 1) Customer relationship management (CRM) and software subscription from Salesforce 2) Enterprise resource planning (ERP) and reseller of Oracle. In addition, the company also offers IT specialist recruitment service, brand strategy consultancy, customer experience management, and digital marketing. Its major clients are in financial and banking, life insurance, manufacturing and construction, property development, healthcare and retail business sectors.
IIG has a paid-up registered capital of THB 50 million, consisting of 75 million existing common shares and 25 million newly issued shares, with a par value of THB 0.50 each. It offered the entire newly issued shares, of which 18.77 million shares were allocated to persons under the underwriters' discretion, and 6.23 million shares to the company's and its subsidiaries’ directors, executives and employees via IPO at THB 6.60 each, for a total of THB 165 million, during July 29-31, 2020. The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 12.05 times, calculated by using the company's net profit in the past 12 months (April 1, 2019 - March 31, 2020) of THB 54.79 million, divided by fully diluted shares, representing earnings per share of THB 0.55. Capital Nomura Securities pcl is its financial advisor and lead underwriter.
Somchai Mekasuvanroj, I&I Group’s Chief Executive Officer, said the company has been in business with over 28 years of expertise, partnering with the global technology leaders namely the US-based Salesforce.com Inc. and Oracle Corporation. The company’s team of experts thoroughly understands the business with capability of integrated services to help increase clients’ competitiveness. The company’s long-term customer relationship has gained trust from business partners and clients. Listing on mai will help strengthen the capital base and the fundraising will be used to invest in the establishment of a software development center, product development and as working capital.
IIG’s three major shareholders after IPO are Mekasuvanroj Group (36.51 percent), Potiratsombat Group (14.21 percent) and Rak-amnuaykit Group (13.97 percent). The company’s dividend policy is to pay no less than 50 percent of net profit from the company’s separate financial statements after corporate income tax and legal reserves.
For more information on IIG, 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.ii.co.th and www.set.or.th.
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