mai President Prapan Charoenprawatt said that DITTO would list and start trading on mai in the Technology industry group.
DITTO and its subsidiary operate three core businesses, comprising 1) distribution and provision of document management solution; 2) rental, sale, and provision of services for photocopiers, printers and other technology products; and 3) technology engineering turnkey service for government agencies' projects particularly those focus on innovation and specialized technology, such as planetarium and museum systems, telemetering system, indoor technology system, and other related projects. In 2020, revenue contributed from three core businesses made up 39 percent, 30 percent and 31 percent, respectively. In core business No.1, the revenue ratio of government agencies to private sector clients was 89:11; and in core business No.2, the revenue ratio was 44:56. Total revenue of core business No.3 derived from government agencies. At the end of December 2020, the company's revenue backlog amounted to THB 379 million, and as at February 28, 2021, DITTO had additional purchase orders or contracts totaling THB 38 million.
DITTO has a registered paid-up capital of THB 220 million, consisting of 360 million existing common shares and 80 million newly issued shares, with a par value of THB 0.50 each. It offered the newly issued shares to persons under the underwriters' discretion, institutional investors, the company's patrons, directors, executives, and employees on April 23, and 26 - 27, at THB 7.50 each, for a total of THB 600 million. The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 28.85 times. The earnings per share is equal to THB 0.26 each, which is derived by dividing which was calculated from the company's net profit of THB 114.20 million in the past 12 months (from January 1 to December 31, 2020), divided by fully diluted shares. Sage Capital Limited is its financial advisor and Bualuang Securities is the underwriter.
DITTO Chief Executive Officer Takorn Rattanakamolporn said the company has been in the business of document management solutions for over 20 years and has a head office, one branch and two warehouses. The in-depth industry knowledge with extensive experience and expertise of executives and management team have enabled the company to adapt to the ever-changing digital environment, initiate innovative products and services, and gear up with state-of-the-art hardware and software technology, combined with service excellence to meet customers' demand. The company has continued to enhance its performance and create trust among customers. The fund raised will be used to expand the company's service centers nationwide, develop a cloud document management system, and as working capital.
DITTO's major shareholder after the IPO is Rattanakamolporn Family (71.59 percent). The company's dividend policy is to pay no less than 40 percent of net profit after corporate income tax from the company's separate financial statements and legal reserves.
For more information on DITTO, 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.dittothailand.com and www.set.or.th
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Source: The Stock Exchange of Thailand