SET welcomes consumer products conglomerate Osotspa on October 17

Stocks and Financial Services Press Releases Tuesday October 16, 2018 17:09
Bangkok--16 Oct--SET

The Stock Exchange of Thailand (SET) will list Osotspa pcl, a leading consumer goods manufacturer and distributor in Thailand and ASEAN, on October 17, under the ticker symbol "OSP". The company has a market capitalization at its initial public offering (IPO) of THB 75.09 billion (approx. USD 2.3 billion).

SET Senior Executive Vice President Manpong Senanarong said that OSP would list and start trading on SET in the Agro & Food Industry group, Foods & Beverage sector.

OSP, the consumer products manufacturer and distributor, has two core businesses, one comprising beverages under the brands: M-150, M-Storm, Lipovitan-D, Chalarm, Shark Cool Bite and Som In-Sum, M-Electrolyte, M-Presso and Peptein; and the other comprising personal care products including baby care products under "Babi Mild" brand, women's beauty care products under "Twelve Plus" brand, among other products covering such confectionery brands as Ole and Botan. The company also provides supply chain management services in packaging and distribution to third parties.

OSP has a registered paid-up capital of THB 3.00 billion with a par value of THB 1 each. It allocated 603.75 million IPO shares, of which 506.75 million were newly issued shares and the remainders were existing common shares offered by Orizon Limited and by Y Investment Ltd at 67 million and 30 million shares, respectively, through underwriters, the company's patrons, directors, and employees during October 1-4, and domestic and foreign institutional investors during October 8-10, at THB 25 each, for a total of THB 12.67 billion. Bualuang Securities pcl and Phatra Securities pcl are its financial advisor and lead underwriter.

OSP President Wannipa Bhakdibutr said that listing on SET would reinforce the company's potential in operating business to serve its large-scale business expansion plan in ASEAN, which marks a milestone for the company to deliver business growth and retain top position in non-alcohol beverages and personal care products markets in the region. With its 127-year-old business operation, OSP has a diverse range of brand leaders widely recognized by consumers. This strength will enhance the company to move towards sustainable growth.

OSP's three major shareholders after the IPO are Niti Osathanugrah (20.78 percent), Orizon Limited (17.88 percent) and Merrill Lynch Singapore Pte.Ltd (7.04 percent). The IPO price was set by a book building equivalent to price-to-earnings (P/E) ratio of 29.51 times calculated by using the company's net profit in the past four quarters (third quarter of 2017 - second quarter of 2018), divided by fully diluted shares, representing earnings per share of THB 0.85. OSP's dividend policy is to pay no less than 60 percent of net profit from the company's consolidated financial statements after legal and other reserves.

For more information, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th; and for general information, please visit www.osotspa.com , as well as www.set.or.th.


Latest Press Release

Banpu maintained A+ rating on the Company and its senior unsecured debentures, reflecting its strength and readiness to thrive amidst global challenges

Banpu Public Company Limited, an international versatile energy provider, was affirmed by TRIS Rating to maintain the ratings on the Company and its senior unsecured debentures at "A+" with a "stable" rating outlook. The "A +" rating reflects the future...

LMRKTS helps banks bridge the SA-CCR adoption gap

LMRKTS, an industry-leading optimization and compression provider, announced the completion of its third optimization cycle for clients who calculate their capital requirements using the Basel Committee on Banking Supervision's Standardized Approach for...

เมย์แบงก์ กิมเอ็ง ออก DW42 ใหม่ จำนวน 23 ตัว เริ่มซื้อขายวันแรก 18 ม.ค. 64

บมจ.หลักทรัพย์ เมย์แบงก์ กิมเอ็ง (ประเทศไทย) เสนอขายใบสำคัญแสดงสิทธิอนุพันธ์ (Derivative Warrant :DW) SET50 Index DW จำนวน 23 ตัว ดังนี้ ACE42C2106G, AEON42C2106G, BH42C2106G, CBG42C2106G, COM742C2106G, CPAL42C2107G, CPF42C2106G, DELT42C2104G,...

Krungsri Auto Receives 'Thai Private Sector Collective Action Against Corruption' Certificate to Certify its Business Operation Transparency

Ayudhya Capital Auto Lease PCL, under Krungsri Auto, a leader in automotive finance under Bank of Ayudhya PCL, led by Mrs. Kittiya Srisanit (center), Head of Krungsri Auto Group, Bank of Ayudhya PCL, recently received the certificate of CAC Award 2020...

mai welcomes property developer "JAK" on Jan 18

Market for Alternative Investment (mai) will list Jakpaisan Estate pcl, a property developer with low-rise housing and condominium projects in its portfolio, on January 18, under the ticker symbol "JAK". The company has a market capitalization at its...

Related Topics