SEC Starts Day One Count for IPO of 150 Million Shares of ALL Raised Fund for Business Expansion to Be A Leading Property Development Company

Stocks and Financial Services Press Releases Tuesday February 12, 2019 11:40
Bangkok--12 Feb--Media Planner Consultant

The SEC counted day one the filing of All Inspire Development Public Company Limited, a property developer, to list its shares on MAI with the issuance of the IPO of 150 million shares at the par of 1.00 baht per share. "Thanakorn Thanawarith", Chief Executive Officer disclosed the objective to develop condominium projects on potential locations, focusing on meeting consumers' demand as well as being ranked top 10 leading property developers of Thailand.

Asia Plus Advisory Co., Ltd., the financial advisor of the share listing of All Inspire Development Public Company Limited ("the Company") under the symbol "ALL" on MAI disclosed that after the submission of the filing form to the SEC to issue the Initial Public Offering (IPO) of 150 million shares, accounting for 26.79% of the total issued and paid-up stocks of the Company, after the IPO share issuance, the SEC had already started day one count for the IPO application form and the filing form of All Inspire Development Public Company Limited.

At present, ALL's registered capital is at 560 million baht and the issued and paid-up capital is at 410 million baht, accounting for 410 million shares. The business operations of the group of companies consist of residential development of Low-Rise and High-Rise condominiums and horizontal development projects such as townhome under the brands The Excel, Rise, Impression, and The Vision. There are also other property related businesses such as real estate agent for oversea markets under the operation of Thai D Real Estate Company Limited ("Thai D"), the property investment and property trading services under the brand "Rise Venture" under the operation of Rise Estate Company Limited ("RISE"), and the condominium juristic management service under the operation of All Property Service Company Limited ("ALL Prop").

In addition, ALL has invested in the two joint-venture companies: All Inspire Hoosiers Sukhumvit 50 Company Limited to develop The Excel Hideaway Sukhumvit 50 which is the Low-Rise condominium project and AHJ Ekkamai Company Limited ("AHJ Ekkamai") to develop The Impression Ekkamai which is the High-Rise condominium project.

From 2015 – 2017 and the first nine-month period of 2018, the Company's total revenues are 109.14 million baht, 419.69 million baht, 714.50 million baht, and 1,626.77 million baht, respectively. During the same period of those years, the group of companies' net profits are 3.55 million baht, 11.03 million baht, 80.80 million baht, and 212.73 million baht, respectively. The ongoing increase of the revenue and the net profit of the group of companies mainly came from the revenue from increase of the revenue recognition of the completed and transferred projects in each year, starting from the first project in 2015.

Mr. Thanakorn Thanawarith, Chief Executive Officer of All Inspire Development Public Company Limited or "ALL" disclosed that the fund-raising objective was for developing property projects on potential locations, for loan repayment to financial institutions, and for working capital of future operation.

The Company's vision is to be ranked the top 10 leading property developers of Thailand in order to establish creditability and confidence to stakeholders such as shareholders, partners, employees, etc. The IPO will help the Company to get access to the source of funds from the financial market and the capital market for property development projects in the future.

In addition, the group of companies also has a plan to develop 6 property projects in the future which are worth 15,350 million baht approximately, consisting of 3 low-rise condominium projects worth 3,650 million baht approximately and 3 high-rise condominium projects worth 11,700 million baht approximately. They are expected to be launched in 2019 onward.

CEO of All Inspire Development Public Company Limited ended that ALL aims to develop the projects within the radius of Bangkok's rail mass transit system, especially BTS's green line and MRT's blue line, as well as other potential locations. In order to serve the life style of the new generation, the emphasis is on the utilization function through the modern and unique design in which the residences can actually live. In addition, the utility space of the common area is designed to provide the utmost benefit to the residences with good environment at affordable price, following the concept of "Class of Living", the life that you can choose.

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