PSP stock price opened the first day of trading at 9.40 baht, an increase of 3.20 baht from the IPO price of 6.20 baht, or an increase of 52%.
Mr. Phakorn Peetathawatchai, Director and Manager of the Stock Exchange of Thailand (SET), Mr. Manpong Senanarong, Deputy Manager of the SET, and Mr. Sinth Krongphanit, Chief Executive Officer of P.S.P. PCL. Specialties Participated in the registration ceremony and started trading on the Stock Exchange (SET) of P.S.P. Specialties Public Company Limited today (30 Aug.) under the industrial products group. Industrial materials and machinery business category Using the abbreviation for trading securities as "PSP", the first day of trading opened at a price of 9.40 baht, an increase of 3.20 baht from the IPO price of 6.20 baht, or an increase of 52%.
PSP engages in the business of manufacturing and distributing lubricant products. for customers who are leaders in various industries both nationally and internationally The company provides comprehensive services. Since product development procurement of raw materials product design produce products product packing Product storage and distribution Providing logistics services and other related businesses.
The IPO price is 6.20 baht, representing a fundraising value of 2,170 million baht and the securities value at the IPO price of 8,680 million baht. The money received from this fundraising will be used to develop the efficiency of production processes to create sustainable growth. and repay loans from financial institutions The rest will be used as working capital for the company's operations.
Mr. Sin Krongphanit, Chief Executive Officer of P.S.P. Specialties Public Company Limited, revealed that PSP is one of the leaders in integrated lubricant products in the ASEAN region and a major independent manufacturer in Thailand. that has the highest production capacity and market share in many product groups (2021), including providing services that cover the supply chain of the industry
Manufacture lubricant products and has knowledge in research and development Equipped with a modern laboratory To develop innovative products with high profit margins and growth. To support the megatrends of the growing industry and to focus on environmental stewardship, PSP is in the process of studying and researching products. Gear oil and grease for electric vehicles (EV), coolant products for electric vehicle batteries (EV Cooling), lubricant products (Lubricant) or grease (Grease) for batteries and bio transformer oil (Bio Transformer Oil), development of lubricant products for the food industry, etc.
At the same time, the company focuses on cost management and efficient operations. To promote the advantage of factory location in order to receive maximum benefits from production activities in the ASEAN region that increase with economic expansion. Including investing in developing efficiency in the production process to increase competitiveness. Supports plans to aggressively expand lubricant products in international markets. With a goal of increasing the proportion of income to 25% of total sales income by 2026.
Source: Thai News Agency