TERA plans to sell 90 million IPO shares to May trading in Q2, highlighting entrepreneurship in end-to-end 'IT services'

Mr. Somsak Sirishinarumit Chief Executive Officer (CEO) PRO ASSET MANAGEMENT LIMITED or APM As a financial advisor TBPLUS PUBLIC LIMITED or Terra It revealed that the company plans to conduct TERA on an information showcase (roadshow) round from March 4 to 8, 2024 to provide information to investors in 5 major provinces: Chonburi Province, Khon Kaen Province, Chiang Mai Province, Hat Yai District, Songkhla Province. The roadshow concluded in Bangkok, respectively, after the Securities and Exchange Commission (SEC) office allowed the company to complete the initial offering of additional common shares to the public (IPO).

“This promotion is TERA Willingness to provide business information and growth potential in every dimension. Including emphasizing the strengths so that investors know and understand the nature of the company's business operations. This increases investor confidence prior to listing on the Alternative Investment Market (AMI). This is expected to be in the second quarter of 2024.” Mr. Somsak said.

side Mr. Sophon Khabloedi General Director PRO ASSET MANAGEMENT LIMITED or APM As a financial advisor, he added that TERA currently has a registered capital of 120 million baht, of which 75 million baht has been paid up (before the IPO). The company will offer an additional 90 million ordinary shares to the public for the first time (IPO) at par value at a price of 0.50 baht per share, equivalent to 37.50% of the total number of issued ordinary shares of the company. After offering additional common shares this time

The company's goal is to use the funds raised from the IPO to invest in the cloud system to increase the amount of T.Cloud services for customers who want to use the local cloud to store electronic data. Investing in related businesses that have potential to support company growth and as working capital within the business.

TERA Group operates as a cloud service provider. Distribution and provision of large-scale, fully integrated Information and Communications Technology (ICT) infrastructure systems. Providing application services in the field of logistics services, including investment in other businesses. Which provides software services for various business applications. The business group is divided into 4 business groups:

1. A business group that provides information storage and information systems processing services on the Internet. and services in the form of ongoing membership (cloud and recurring services)

2. The business group distributes solutions and provides services related to ICT infrastructure systems and cybersecurity systems (internal hardware and cybersecurity).

3. Transportation, Distribution and Logistics management software business group (Transportation Management System: TMS) under the “Skyfrog” brand

4. Data Analytics Business Group

For the operating results of the past three years and the past nine months of 2023 (2020-Q3/2023), the group achieved sales and service revenues of 315.73 million baht, 390.55 million baht, 555.29 million baht and 462.86 million baht. With net profit of 9.74 million baht, 18.71 million baht, 25.79 million baht, and 27.47 million baht, respectively, so it should be a highlight of interest to investors. It received a good response

The company has a dividend policy of no less than 50 percent of net profits (company financial statements) after deducting various reserves. All types as required by law and as specified in regulations

Mr Surasit Kiewprasopsak, CEO of Terabyte Plus Public Company Limited or TERA, said that during the investor roadshow from March 4 to 8, the company will provide information to investors. Getting to know the nature of business operations and is confident that it will receive a good response from investors. Because in addition to the business continuing to grow and in the future, there are still plans to expand the business further. The goal is to develop and expand the business to grow sustainably in the future. More importantly, it delivers good long-term returns for shareholders.

“Listing on May Market It is an important step in continuing to grow the business. Helps increase trust for customers and partners. As well as creating new job opportunities to grow steadily and create good returns for investors, which is what Terra It is one of the IT solutions providers Which provides high quality IT solutions in the mega trend business providing services with a professional team who is expert in solutions and have a strong business background Operating results continue to grow every year. Makes you think TERA stock “It will attract investors' attention.” said Mr. Surset.