SET Executive Vice President Santi Kiranand said LPH would list and start trading on SET's Services industry group, Health Care Services sector on October 28. With more than 20-year experience, the company provided complete healthcare services and medical services for general patients and social security patients. Moreover, LPH offered diagnostic services, researches in food and agricultural products and medicine as well as medical support services and business development.
LPH has a paid-up registered capital of THB 375 million, consisting of 550 million existing common shares and 200 million newly-issued shares with a par value of THB 0.5 each. It offered 20 million newly-issued shares to executives, directors and employees as well as 180 million shares to the general public via IPO, at THB 5.00 each, for a total of THB 1.00 billion, during October 16 and 19-21, 2015. KGI Securities (Thailand) pcl is its financial advisor and underwriter.
LPH CEO Ungoon Chantanavanich said this listing would strengthen the firm's financial capabilities. The fund raised would be used to expand business to enhance the company growth in the future by investing in social security project, rehabilitation and recuperation center in Laoprao area, Bangkok, building a new hospital in Lumluka, Patumthani province (north of Bangkok), as well as for debt repayment and working capital.
LPH's three major shareholders after the IPO are L.P. Holding Co., Ltd. (26.80 percent), Tanterdtham group (5.05 percent), and Savetvilas group (4.85 percent). The IPO price was set by a book building process was equivalent to price-to-earnings ratio (P/E ratio) of 38.46 times, calculated by using the company's net profit in the past four quarters (Q3/2014-Q2/ 2015) divided by fully diluted shares, representing earnings per share of THB 0.13. LPH's dividend policy is to pay no less than 50 percent of net profit (from the separate financial statement) after taxes and reserves.
For more information on LPH, 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.ladpraohospital.com , as well as www.set.or.th .