Bangkok, S.C.L. Motor Parts PCL., distributor of automotive parts. Ready to trade on the Market for Alternative Investment (MAI) on 1 November, with a securities value at the IPO price of 385 million baht, using the trading abbreviation "SCL".
Mr. Praphan Charoenprawat, Manager of the MAI Stock Exchange (mai), revealed that the mai Stock Exchange welcomes PCL. S.C.L. Motor Parts was registered and started trading on mai under the Industrial Products Group. Using the securities trading abbreviation "SCL" on 1 Nov. 2023.
SCL operates as a distributor of automotive parts. Under the brands of various car brands such as ISUZU, MITSUBISHI, TOYOTA, HONDA, FUSO, FORD, NISSAN and CHEVROLET and standard replacement parts of recognized car spare parts manufacturers such as AISIN, KAYABA, EXEDY, DENSO. and TOKICO. Currently, the company is a full-service auto parts distributor, covering more than 167,000 parts products, with more than 1,600 customers, covering both medium and small sized auto parts entrepreneurs in every region of Thailand. as well as the service center business group with many branches and insurance company groups. In addition, the company has increased distribution channels through online platforms such as Lazada, Shopee, Big Thailand and Egg Mall, etc. In the first 6 months of 2023, the company has a proportion of revenue from selling car parts under car brand brands. and replacement car parts approximately 88 : 12 percent
SCL has paid-up capital after the offering of 125 million baht with a par value of 0.50 baht per share, consisting of 180 million existing common shares and 70 million additional common shares, of which 52.5 million shares will be offered to individuals at the discretion of the underwriters. 10.5 million shares of the company's benefactors and 7 million shares of the company's directors, executives and/or employees on 25 - 27 Oct. 2023 at a price of 1.54 baht per share, representing a fundraising value of 107.80 million baht, the value of securities at this price IPO 385 million baht. The IPO price is determined from the share price to net profit per share (Price to Earnings Ratio: P/E Ratio) equal to 13.45 times, which is calculated from the net profit for the past 12 months. (from July 1, 2022 to June 30, 2023) equal to 28.62 million baht divided by the number of common shares issued and paid after this share offering (fully diluted) to get net profit. per share is equal to 0.11 baht, with Finansia Syrus Securities Public Company Limited acting as the financial advisor and underwriter.
Mr. Sakon Tangkosakul, President of S.C.L. Motor Parts Public Company Limited, revealed that the group has been appointed as an official distributor of ISUZU auto parts since 1969 and throughout the period of more than 58 years. Over the past year, the company has been committed to distributing genuine spare parts and replacement parts that meet standards. With fast and friendly service So that customers can be confident that they will receive accurate and fast spare parts, as the company's slogan says, "Every piece is cheap, every part is genuine." The money raised from the company's fundraising will be used to repay the loan. as well as used as working capital for the company's operations
SCL's major shareholder after the IPO is the Tang Korsakul family. Holding 72.00% of shares, the company has a policy to pay dividends to shareholders at a rate of not less than 40 percent of net profits after deducting taxes and legal reserves
Investors and interested parties can see details From the company's prospectus at the SEC's website at www.sec.or.th and general information of the company at www.sclmotorpart.com and www.set.or.th .
Source: Thai News Agency