mai President Prapan Charoenprawatt said SCL will be listed and start trading on mai in the Industrials industry group.
SCL distributes automotive parts under brands of many automobile manufacturers including Isuzu, Mitsubishi, Toyota, Honda, Fuso, Ford, Nissan and Chevrolet as well as standard replacement parts made by recognized producers such as Aisin, Kayaba, Exedy, Denso and Tokico. The company distributes comprehensive kinds of automotive parts covering more than 167,000 items. It has more than 1,600 customers. small and medium-sized auto parts assembly operators nationwide, auto service centers with considerable branches and insurance companies. The company also distributes auto parts through online platforms including Lazada, Shopee, Big Thailand and Egg Mall. In the first six months of 2023, 88 percent of the company's total revenue derived from the sales of auto parts of automobile manufacturers and 12 percent came from the sales of replacement automotive parts.
After the IPO, SCL has a paid-up capital of THB 125 million, consisting of 180 million existing common shares and 70 million newly issued shares, with a par value of THB 0.50 each. The company offered 52.5 million shares to persons at underwriters' discretion, 10.5 million shares to it's the company's patrons and 7 million shares to its directors, executives and/or employees during October 25-27, 2023, at THB 1.54 each for a total of THB 107.80 million. The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 13.45 times. The earning per share is equal to THB 0.11, which was calculated from the company's net profit of THB 28.62 million in the past 12 months (from July 1, 2022, to June 30, 2023), divided by fully diluted shares. Finansia Syrus Securities pcl is the financial advisor and lead underwriter.
SCL President Sakol Tangkoskul said the company has been an authorized distributor of Isuzu auto parts since 1969. For 58 years, the company has been determined to supply standard genuine and replacement automotive parts in a fast and friendly manner. "Right Part at the Right Price" as its slogan goes, the company guarantees that customers quickly receive correct parts. The proceeds arising from the fundraising will be used to repay loans and also as working capital.
SCL's major shareholder after the IPO is the Tangkoskul family (72.00 percent). The company's dividend policy is to pay at least 40 percent of net profit after tax and legal reserves.
For more information on SCL, 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.sclmotorpart.com and www.set.or.th.
Source: SET Corporate Communications