Mr. Manbong Chenanarong, Deputy Manager, Head of Securities Issuer Division, Stock Exchange of Thailand The Stock Exchange has disclosed that Supreme Distribution Public Company Limited is welcome to register and trade on the Stock Exchange.Technology Industry Group Information and Communication Technology Business Type Using Abbreviation for Securities Trading“SPREME” on May 2, 2024
SPREME has been in the business of providing information technology and communication services by designing, procuring, installing and supplying complete equipment related to information technology systems and network systems (System Integrator) for more than 30 years. LAN, WAN, WLAN, Cyber Security System, Data Center System etc., as well as maintenance, repair and rental of computer systems and peripherals. Focus on government sector customers especially education related agencies the company specializes in and is the main representative for distribution of educational software from Microsoft, good relations with internationally famous manufacturers, the company can provide high quality products. Knowledge is transferred to create services that are always up-to-date with modern technology. Therefore, as of December 31, 2023, it has secured the trust of customers, about 442 million baht worth of (backlog) work has yet to be delivered, which will gradually recognize revenue from 2024.
SPREME has a paid-up capital of 370 million baht with a par value of 0.5 baht per share through an initial public offering (IPO) of 200 million shares comprising the original public shares of PSN Capital Limited. (A company in the Kandhamozhi family group has 20 million shares and 180 million additional common shares, offered for sale to individuals at their discretion.Bond distributors and institutional investors will purchase 160 million shares, company beneficiaries 30 million shares, and company directors, executives and employees 10 million shares from 23 to 25 April 2024, at a price of 2.60 baht per share, representing a fundraising value of 468 million baht. Bonds at an IPO price of 1,924 million baht, with Finnex Advisory Company Limited is a financial advisor. and Finansa Securities Company Limited is the underwriter and underwriter of the common shares.
Mr. Panuwat Kanthamolekul, Chief Executive Officer, Supreme Distribution Public Company Limited (SPREME) Getting listed on the stock market will help the company grow as per the strategy laid out. Both in business and in the country's education sector, driving technology will increase competitiveness and create added value in the long term to be a leader in information technology in Thailand. Invest in business acquisitions to expand the business and as working capital
SPREME has top 3 shareholders after IPO namely 1) Magnetic Molecule Family Group. (Individuals and Judiciary Persons) hold 67.57% shares 2) Mr. Banuwat and Mrs. Suporn holds 6.15% shares and 3) Mr. Sarawan Sanitwong Na Ayutthaya owns 0.61% of the shares, the IPO share offer price is determined by considering the value of comparable companies listed on the stock market. It can be stated (market comparable), which is calculated as the price to earnings ratio per share (Price to Earnings ratio: P/E) of 12.29 times, which is calculated from the net profit for the last 4 quarters. The Company has a policy of paying dividends equal to the net profit per share (earnings per share) divided by the number of shares (fully diluted) from January 1, 2023 to December 31, 2023 at a rate of not less than 40 percent of the net profit from the Company's separate financial statements. After deducting corporate income tax and provision for legal reserves.
Investors and interested parties can view the details from the company's prospectus on the SEC's website www.sec.or.th and general company information www.supreme.co.th and at www.set.or.th
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