Dhanamitr Factoring Plc plans to go public in the next few months to raise funds through an initial public offering (IPO).
Dhanamitr announced that its IPO shares would be sold at Bt14.30. The company said it would mobilise Bt57.2 million by allotting four million shares to the public at Bt5 par value between 16 and 17 August.
Montree Sornpaisarn, CEO of Kim Eng Securities (Thailand), predicted investors would snap up the stock as industry growth is in line with rising domestic consumption.
Kim Eng and Sicco Securities will jointly act as lead underwriters while IFCT Advisory will act as financial advisor.
The company’s stock will begin trading on 25 August, he said.
Source: The Nation, Thailand
