mai President Prapan Charoenprawatt said that SE would list and start trading on mai in the Services industry group. SE distributes more than 3,500 industrial equipment items of more than 40 world-class brands, as well as providing related services. It products cover pumping system technology, process and piping solution and innovative materials, to clients across various types of industrial production relating to utility, pipeline system and maintenance such as petrochemical, oil and gas, chemical product industries, and more.
SE has a paid-up registered capital of THB 120 million, consisting of 180 million existing common shares and 60 million newly issued shares with a par value of THB 0.50. During February 6-8, it offered newly issued shares to the general public via IPO, at THB 2.45 each, for a total of THB 147 million. RHB Securities (Thailand) pcl is the financial advisor and underwriter.
SE chief executive officer Orasa Vimolchalao said that SE's dedicated to delivering fine selection products from leading industrial brands with world-class quality of international standard. This listing would allow SE to raise capital to strengthen SE's operation systems while enhancing its business growth. The fund raised would be used to invest in engineering service center, buy new machinery and equipment, and as working capital to fulfill the company's goals.
SE's three major shareholders after the IPO are Orasa Vimolchalao's family group (61.83 percent), Saengpet Tantaatipanit (10.33 percent) and Krittika Puawilai (3.54 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 24.80 times calculated by using the company's net profit in the past four quarters (October 1, 2015–September 30,2016) of THB 23.71 million, divided by fully diluted shares, representing earnings per share of THB 0.10. SE's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
For more information on SE, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th and general information, please visitwww.siameast.co.th , as well as www.set.or.th.