SET Senior Executive Vice President Manpong Senanarong said that PRTR will be listed and start trading on the SET in the Services industry group, Professional Services sector.
PRTR provides the end-to-end human resource services including 1) HR outsourcing service for leading companies and organizations, involving in the search of over 15,000 workforces at present such as salespersons, factory workers, customer contact employees, engineers, technicians and office workers, 2) recruitment services for all-level positions that cater to clients' demand. Three other types of its services are 3) online job search platform, NEXMOVE, 4) offline and online training service with more than 200 courses through BLACKSMITH's mobile application and website and 5) provide human capital management software service.
PRTR has a paid-up capital of THB 300 million consisting of 450 million existing common shares and 150 million newly issued shares, with a par value of THB 0.50 each. It offered newly issued shares to the general public during March 8-10, 2023, at THB 7.20 each. The IPO price is equivalent to the price-to-earnings ratio (P/E ratio) of 16.3 times. KGI Securities (Thailand) pcl is the financial adviser and lead underwriter.
PRTR Chief Executive Officer Risara Charoenpanich said the company is very pleased about the listing on the SET and strongly believes that the listing will support the company in becoming a leader in total HR solutions which cover recruitment, HR outsourcing, payroll and other employee-related services. The company has formulated strategies for its new S-curve growth by developing its personnel and procuring technologies to provide end-to-end human resource services so as to support business operations of customers in every industry, and enhance efficient human resource management in parallel with continuous human resource development. The fundraising strengthens the company's capital and the proceeds will be used as working capital, to invest in new business, to develop innovations and to repay creditors. This will raise the company's long-term competitiveness and secure its business expansion in Southeast Asia.
PRTR's dividend policy is to pay at least 40 percent of net profit from its separate financial statements after corporate income tax and reserves required by law and its regulations. The dividend payout is also subject to performance, financial position, liquidity, investment plans, business expansion, future business management and other relevant factors.
On the first day of trading, PRTR's major shareholders after the IPO and the sales of existing common shares are the group of Risara Charoenpanich (17.8 percent), Onrudee Kettawee (14.2 percent), a group of executives (11.0 percent), existing shareholders (13.7 percent) and JMART (15.0 percent). Their combined shareholdings account for 71.7 percent of the paid-up capital.
For more information on PRTR, 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.prtr.com and www.set.or.th.
Source: SET Corporate Communications