The Stock Exchange of Thailand (SET) will list Alla
pcl, a manufacturer and distributor of industrial material-handling equipment on
November 8, under the ticker symbol "ALLA". The company has a market
capitalization at its initial public offering (IPO) of THB 1.73 billion (approx.
USD 50 million).
SET Senior Executive Vice President Santi Kiranand said that ALLA would list on
SET in Industrials industry, Industrial Materials & Machinery sector. ALLA
produced, distributed and installed industrial material-handling equipment like
cranes and electric hoists, while being a sole distributor of such leading
brands as "STAHL" and "ABUS" from Germany.
The company also distributed bridge leveling, industrial doors, PVC strip
curtains and air curtains to customers in various industries such as power
plants, automotive, property and food businesses, while providing after-sales
service and training for the crane products.
ALLA has a paid-up registered capital of THB 300 million, consisting of 450
million existing common shares and 150 million newly issued shares, with a par
value of THB 0.50 each. During October 31 - November 2, 2016 it offered newly
issued shares to underwriters' benefactors and ALLA's benefactors at THB 2.88
each, for a total of THB 432 billion. Advisory Plus Co., Ltd. is the financial
advisor, while Capital Nomura Securities pcl is the underwriter.
ALLA Chief Executive Officer Ong-Ard Puntuyakorn said that this listing would
strengthen ALLA's financial capabilities. The fund raised would be used for
factory expansion, warehouse building, as well as expanding business overseas
through its joint-venture in Indonesia capitalizing on ASEAN growth potential,
while continuously finding investment opportunities in material-handling
business such as cranes and electric hoists to achieve sustainable growth.
ALLA's three major shareholders after IPO are Puntuyakorn family (63.75
percent), Tratorn Rattanasrithong (11.25 percent) and Cheuntip Jerapornprapa
(0.25 percent).The IPO price was set by a book building process, equivalent to
price per earnings ratio (P/E ratio) of 20.57 times. ALLA's P/E ratio was
calculated by using the company's net profit in the past four quarters (July 1,
2015 - June 30, 2016) divided by fully diluted shares, representing earnings per
share of THB 0.14. ALLA's dividend policy is to pay no less than 50 percent
(from the separate financial statement) after taxes and reserves.
For more information on ALLA, please see the company's prospectus at the
Securities and Exchange Commission's website at www.sec.or.th and general
information at the company's website at www.alla.co.th , as well as
SET "The 5th Decade of Sustainable Wealth for Thais"
Source: The Stock Exchange of Thailand