DTC Enterprise Plc. Supplier no. 1 of GPS Tracking vehicle tracking system in the country, ready to be traded on the Thailand Stock Exchange on December 15, with a market capitalization at the IPO price of 3,446.30 million baht, using the stock ticker “DTCENT”.
Mr. Manpong Senanarong, Deputy Director, Head of Issuers Division The Thailand Stock Exchange revealed that the Thailand Stock Exchange welcomes DTC Enterprise Plc. Listed and began trading on the stock exchange in the technology sector Information and communication technology business category Using the stock abbreviation “DTCENT” on December 15, 2022.
DTCENT operates a full service business of satellite tracking systems (GPS Tracking) from design, manufacturing, distribution, equipment rental service provision. Including developing transportation management software for both government and private customers Occupying the No. 1 market share in the country, it has earned the trust of Boonrawd Supply Chain Co., Ltd., a leading logistics, and of Yazaki Energy Systems Co., Ltd., a manufacturer and distributor of parts for Japanese heavy-duty vehicles. Become a strategic shareholder, considered a strong ally in product development and expansion of business channels abroad. Including plans to expand IoT solutions business (IoT Solution)
DTCENT has paid-up capital of 602.50 million baht with a par value of 0.50 baht per share, consisting of 900.00 million shares of existing common stock and 305.00 million shares of newly issued common stock offered to the public for the first time (IPO). million shares, benefactors of the Company and its subsidiaries 45.75 million shares and directors, officers, employees of the Company and its subsidiaries 30.50 million shares from December 1 to 2, 2022 at a price of 2.86 baht per share, representing the value of the fundraising is 872.30 million baht and the value of the securities at the IPO price is 3,446.30 million baht, with Capital One Partners Co., Ltd. acting as advisers and Globlex Securities Co., Ltd. as underwriters and underwriters.
Mr. Thosaphol Kunapersiri The Chief Executive Officer and Chairman of DTC Enterprise Public Company Limited disclosed that the company is publicly traded. It will enhance the competitiveness of the company and open the opportunity to expand the business overseas. The money received from this fundraising event will be invested in the construction of a management center and vehicle information service To further expand the GPS-related business, as well as strengthen working capital for the Company to support the tendering of projects governments in the future.
The top 3 shareholders of DTCENT after IPO are: 1) Mr. Thosaphol and Miss Jiraporn’s family hold 48.93% shares 2) Yazaki Energy System Corporation Co., Ltd. holds 13.44% shares 3) Boonrawd Supply Chain Co., Ltd. owns 11.20% of the shares The IPO pricing will be considered by the P/E Ratio: PE
The offer price is equal to a P/E ratio of 46.78 times, compared to the company’s net income of 0.06 baht/share, calculated from the net income of the last 4 quarters. From October 1, 2021 to September 30, 2022, divided by the number of post-offer common shares (fully diluted). Net of corporate income tax and allocation of legal reserves
Investors and Interested Persons Please see details from the Company’s prospectus on the SEC’s website at www.sec.or.th. and general company information at www.dtc.co.th and at www.set.or.th
