'Vayupak Mutual Fund One' (VAYU1) oversubscribed by over 150 billion baht, will know the allocation result on 25 Sept. Retail investors have received the full amount as subscribed, no need to refund, announced the final number of investment units offered for sale at 15 billion units or 150 billion baht, expected to start trading on the Stock Exchange in the second week of October.
Ms. Chawinda Hanratanakul, Managing Director of Krungthai Asset Management Public Company Limited, as the management company of Vayuphak One Mutual Fund or VAYU1, revealed that the subscription of Type A investment units of Vayuphak One Mutual Fund on 16-20 September 2024 was very well received by retail investors and received much attention from the survey of institutional investors' subscription demand (Bookbuilding) on ??18-20 September 2024, with the total demand value exceeding the maximum fundraising value of 150 billion baht, reflecting confidence in the fund, the establishment of investment and return protection mechanisms, and the fund's risk management mechanisms, which resulted in Vayuphak One Mutual Fund being an investment option for investors that generates good returns in the long run. Therefore, the final number of investment units offered for sale has been set at 15 billion units (offering price per unit 10 baht).
'This booking is more than 150 billion baht. The management is focused on retail investors. Therefore, retail investors will receive all the bookings. There will be no refunds. The rest will be allocated to institutional investors, which will be reduced in proportion to the remaining amount,' said Ms. Chawinda.
Mr. Thanachot Rungsittiwat, Managing Director of MFC Asset Management Public Company Limited, as the management company of Vayuphak Mutual Fund 1, said that retail investors who subscribed to Type A investment units allocated by the Small Lot First method can check the allocation results from Wednesday, September 25, 2024 at 9:00 a.m. onwards via the SETTRADE website (www.settrade.com/ipo/VAYU1). Institutional investors can start subscribing on September 25-27, 2024. It is expected that the Fund's Type A investment units will be listed on the Stock Exchange of Thailand within the second week of October 2024, using the name VAYU1 for securities trading. Investors can trade Type A investment units through the Stock Exchange of Thailand every business day. The unit price in the secondary market will be in accordance with the market price mechanism.
Source: Thai News Agency