Utility Business Alliance Public Company Limited (UBA) achieves initial public offering (IPO) price of common shares at 1.70 baht/share by offering shares in proportion to their stake in UBA (pre-emption rights) between 23 and 25 November .’22 and for the general public on November 28-30.
Ekajak Buahbhakdi, managing director of Capital One Partners Co., Ltd., acting as financial adviser to UBA, disclosed that the IPO price is about 15.7 times the ratio of share price to earnings per share (P/E), in line with the Company’s Foundation as a leading provider of integrated water management, system operation and maintenance services. It is a utility stock that is part of the megatrend sector and is currently popular.
Including the company has project work that has not yet been delivered (backlog) worth more than 1,422 million baht and also has future expansion from Bangkok (Bangkok), which is a major customer. coupled with stricter legal regulations relating to wastewater treatment resulting in an opportunity to expand the work At the same time, there are executives with outstanding vision. They also have 21 years of industry experience.
For the offer of shares of the capital increase this time n. 170,000,000 shares, equal to 28.33% of the Company’s total issued and paid-up ordinary shares. After this offering of newly issued ordinary shares, the par value of 0.50 baht/share is divided into 3 parts:
1. Offer to the shareholders of Nawarat Pattanakarn Public Company Limited (NWR) on the basis of UBA’s shareholding (right of first refusal) in the amount not exceeding 15,300,000 shares. Siam East Solutions Public Company Limited (SE) in the amount of not more than 10,200,000 shares and 3. Public offering in the amount of 144,500,000 shares through 5 subscribers and underwriters, consisting of Globlex Securities, L. Finansia Syrus, RHB Securities (Thailand), Nomura Pattanasin Securities and Dao Securities (Thailand)
Mr. Somchat Sanghitkul, Chief Executive Officer of UBA said that fundraising and listing in mai this time will bring fundraising money. Invest in the development of information systems (Sistema Informativo) to be used in research and development to create new products and services. Including the purchase and improvement of machinery used to support operations. and repay loans from financial institutions
Including use as working capital in commercial operations. This will increase the company’s growth potential. Including the opportunity to get more jobs Under the strengths of UBA, both the benefits of integrated management making sure that it exactly meets the needs of the customers There are personnel specialized in this sector for 21 years and occupying the share of No. 1 market in sewage treatment systems, as well as having experience in Bangkok drainage tunnel management.
“The performance trend over the next 1-3 years is expected to grow exponentially. after the company obtain a fundraiser enable us to increase competitiveness they have the potential to participate in large-scale auctions Especially by accepting bids from Bangkok who have a plan to build a wastewater treatment system. drainage tunnel expansion plan including private customers The value of the work is approximately 10,000 million baht over the next 5 years. in connection with stricter wastewater treatment Therefore, the company is expected to have an attractive increase in revenue,” Mr. Somchat said at the end.
By InfoQuest news agency (Nov. 22 ’22)
Tags: IPO, UBA, Utility Business Alliance, Thai stocks
