mai President Prapan Charoenprawatt said that APP would list and start trading on mai in Technology industry group.
APP distributes complete range of 3D design solutions such as design software for IT industry, architects and construction, including 3D design hardware focusing on 3D printers and scanners, and related services. APP has been an authorized distributor of leading software brands such as SolidWorks, ArchiCAD, and 3D Printer Stratasys, and 3D scanners including GOM. The company has expanded its business into Indonesia and Myanmar, with its main customers are engaged in automotive, electronic components, electric appliance, machinery and industrial materials, construction sectors.
APP has a registered paid-up capital of THB 140 million, consisting of 200 million existing common shares and 80 million newly issued shares, with a par value of THB 0.50 each. It offered the entire newly issued shares through IPO at THB 2.46 each, for a total of THB 196.8 million, during November 15 and 18-19, 2019. Of the total newly issued shares, 72 million were offered to general public and the remaining 8 million to the company's directors, executives and employees. The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 10.44 times, calculated by using the company's net profit in the past 12 months (October 1, 2018 - September 30, 2019) of THB 65.96 million, divided by fully diluted shares, representing earnings per share of THB 0.24. Finansia Syrus Securities pcl is its financial advisor and lead underwriter.
APP Chief Executive Officer Prapas Tangadulrat said that the company has over 25 years of experience in the business. All the company's products supplied by the leading global manufacturers are high-efficiency innovations which are effective solutions that match customer demand in design. APP also has research and development division offering new design solutions to serve all needs of customers in a timely manner. The fund raised will be used for investment in machinery and equipment including 3D printers and scanners for demonstration, and as working capital to sharpen competitive advantage and enlarge market.
The company aims to step forward ASEAN's top consulting firm for solutions related to design, manufacturing and construction. After the IPO, Prapas Tangadulrat's family is the company's largest shareholder at 71.43 percent.
APP's dividend policy is to pay no less than 40 percent of net profit of the company's separate financial statement after corporate income tax, and legal reserves.
For more information on APP, please see the company's prospectus at the Securities and Exchange Commission's website atwww.sec.or.th; and for general information, please visit www.applicadthai.com and www.set.or.th.