mai President Prapan Charoenprawatt said that IMH would list and start trading on mai in Services industry group.
IMH provides annual health checkup services, covering checkups based on health risks, pre-employment including migrant workers, as well as vaccination and other medical services, taken care of by physicians and nurses with experiences and specialties in related fields. The company has 5 full-time and 367 part-time physicians and 12 mobile x-ray vehicles, enabling health checkup services for up to 25 locations a day, while having four branches in industrial estate zones. IMH's subsidiary Accufas Lab Center Co., Ltd., which gives advice, consultancy and environmental quality assessment services in compliance with related government agencies' regulations.
IMH has a registered paid-up capital of THB 107.5 million, consisting of 160 million existing common shares and 55 million newly issued shares, with a par value of THB 0.50 each. It offered the entire newly issued shares, of which 35.71 million were allocated to persons under the underwriters' discretion, 5.54 million to institutional investors, 8.25 million to benefactors, and 5.5 million to the company's directors, executives and employees, through IPO at THB 6 each, for a total of THB 330 million during December 18-20, 2019.
The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 119.35 times, calculated by using the company's net profit in the past 12 months (October 1, 2018 - September 30, 2019) of THB 10.81 million, divided by fully diluted shares, representing earnings per share of THB 0.05. Capital One Partners Co., Ltd. is its financial advisor and Asia Wealth Securities Co., Ltd. is the lead underwriter.
IMH Chief Executive Officer Sittiwat Kamkatwong said IMH has physicians and professional staff, equipped with devices, equipment and high quality laboratories to provide services both inside the hospital and on demand nationwide coverage, keeping pace with customer needs, gaining confidence with repeated rate of services usage. Listing on mai will strengthen the company's capital base and the fund raised will be used for branch expansion, machines and equipment purchases for the company and subsidiary, debt repayment to financial institutions and as working capital.
IMH's three major shareholders after IPO are Sithiwat Kamkadwong's group (48.42 percent), Pomyuenyong's group (18.60 percent) and AsiaWealth Securities Co.,Ltd for Investment (5.47 percent). IMH's dividend policy is to pay no less than 40 percent of net profit from the company's separate financial statement after corporate income tax, and legal reserves.
For more information on IMH, 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.intermedthai.com and www.set.or.th.