SET Senior Executive Vice President Manpong Senanarong said that DTCENT will be listed and start trading on SET in the Technology industry group, Information & Communication Technology sector.
DTCENT offers end-to-end GPS tracking services starting from design, production, distribution, and equipment rental to software development for transport management to clients in public and private sectors. The company reassures its strategic shareholders; Boon Rawd Supply Chain Co., Ltd., a leading logistic company; and Yazaki Energy Systems Corporation, a Japanese manufacturer and distributor of parts for large vehicles, by dominating the local market of service providers. The business venture between the three companies enhances its product development for continuous growth towards the leading manufacturer and distributor of GPS tracking and IoT solution globally.
DTCENT has a paid-up capital of THB 602.50 million consisting of 900.00 million existing common shares and 305.00 million newly issued shares, with a par value of THB 0.50 each. It offered 228.75 million newly issued shares to persons at underwriters' discretion, 45.75 million shares to the company's and its subsidiaries' patrons, and 30.50 million shares to directors, executives and employees of the company and its subsidiaries on December 1, 2 and 6, 2022, at THB 2.86 each for a total of THB 872.30 million in fund raised. Capital One Partners Co., Ltd. is the financial advisor and Globlex Securities Co., Ltd. is the lead underwriter.
DTCENT President and Chief Executive Officer Thotspol Kunapermsiri said the listing on the SET will enhance the company's competitiveness and open up opportunities to expand its business overseas. The proceeds arising from the fundraising will be used to invest in the construction of a vehicular data management and service center to expand its GPS-related business and strengthen working capital for the company to bid for future projects in the government sector.
DTCENT's three major shareholders after the IPO are 1) Thotspol's family and Jiraporn Lailak's family (48.93 percent), 2) Yazaki Energy Systems Corporation (13.44 percent), and 3) Boon Rawd Supply Chain Co., Ltd. (11.20 percent). The IPO price is equivalent to the price-to-earnings ratio (P/E ratio) of 46.78 times. The earning per share is equal to THB 0.06, which was calculated from the company's net profit over the past four quarters (from October 1, 2021, to September 30, 2022), divided by fully diluted shares.
The company's dividend policy is to pay no less than 30 percent of net profit from its separate financial statements after corporate income tax and legal reserves.
For more information on DTCENT, 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.dtc.co.th and www.set.or.th.
Source: SET Corporate Communications