Petch Sriwichai Enterprise PCL, a leader in integrated palm oil industry with supply chain management readiness, is ready to trade on the Stock Exchange of Thailand on 12 September with a market capitalization at the IPO price of 6.27 billion baht, using the abbreviation 'PCE'. Mr. Amnuay Chiramahaphoka, Assistant Manager, Issuer Group 1, Stock Exchange of Thailand (SET), revealed that the Stock Exchange of Thailand welcomes Petch Sriwichai Enterprise PCL to list and start trading on the Stock Exchange of Thailand in the Agriculture and Food Industry Group, Agriculture Business Category, using the abbreviation 'PCE' on 12 September 2024. PCE is a holding company in the integrated palm oil industry business, divided into 1) Palm oil, biodiesel and palm oil olein production and distribution business group for consumption. Including the purchase and distribution of palm oil and related products to customers in Thailand and abroad 2) Warehouse and port service business group 3) Truck transportation service bus iness group and 4) Ship transportation service business group. PCE has a paid-up registered capital after the IPO of 2,750 million baht, with a par value of 1 baht per share. It offers to sell ordinary shares to the public for the first time, totaling 750 million shares, to directors, executives and employees of the Company and subsidiaries, benefactors of the Company and subsidiaries, and institutional investors and individuals at the discretion of the underwriter. Between August 30 and September 2-6, 2024 at a price of 2.28 baht per share, totaling 1,710 million baht in capital raising and a market capitalization of 6,270 million baht at the IPO price. The IPO offering price is equivalent to a price-to-earnings ratio (PE ratio) of 18.94 times, calculated from net profit in the past 4 quarters from July 1, 2023 to June 30, 2024, which was 331.22 million baht, divided by the number of common shares after the offering, resulting in net profit per share of 0.12 baht per share, with Asset Pro Management Co., Lt d. as financial advisor, Maybank Securities (Thailand) Public Company Limited, and Yuanta Securities (Thailand) Co., Ltd. as underwriters and underwriters for the distribution of common shares. Mr. Prakit Prasitsuphaphol, Chief Executive Officer and Managing Director of Petch Srivichai Enterprise PCL, revealed that this fundraising and listing on the Stock Exchange of Thailand is an important step that will help strengthen the company's financial strength. PCE will use the money to invest in a crude palm oil extraction plant, machinery and equipment to expand production capacity, improve production efficiency, and invest in related businesses to further create added value for products and use as working capital for the PCE Group's business operations. PCE's major shareholders after the IPO are the Prasitsuphaphol family, which holds a total of 72.73% of the shares. The company has a dividend payment policy of no less than 30% of net profit from the separate financial statements after deducting all types of reserves as required by law. However, it depends on cash flow, investment plans, legal conditions, and other future factors. Source: Thai News Agency