DEXON delighted with good response from investors, closed all IPO subscriptions, reflecting strong fundamentals Ready to ring the trading bell on March 31
“DEXON TECHNOLOGY” or DEXON is delighted to receive feedback from “Institutions-investors” subscribed for IPO shares in the amount of 123.18 million shares, all sold out! reflects the strong business fundamentals and opportunities for sustainable future growth Ready to trade on the mai market for the first day March 31
Ms. Mallika Kaekla, Chief Executive Officer of Dexon Technology Public Company Limited or DEXON, revealed that the company has received a good response from investors across the country who are interested in subscribing to the entire 123.18 million shares of the IPO. Offering at 4.50 baht per share, which reflects the investor’s confidence in the strong business fundamentals. And future growth opportunities, which the company is ready to trade on the first day (First Day Trade) on the Market for Alternative Investment (mai) on March 31, 2023, which the company sincerely hopes that will continue to receive good feedback from investors continuously
In which this funding, the company plans to expand its business to the Netherlands (Europe), including the United States. Emphasis is placed on engineering inspection services for pipe systems with advanced technology (Smart Pigging Technology) that there are few competitors in the market. In particular, the detection of small cracks in the pipeline system requires a special high-tech tool developed by the company (Hawk Pipeline Crack Detection and Measurement System), investing in research. and develop technology that responds to customer needs and industry changes For example, the transition to clean energy efficiently, pipeline inspections to accommodate the conversion to hydrogen gas (Hydrogen Energy Conversion) that converts products in the pipeline from traditional oil. and natural gas as transport of hydrogen gas Carbon capture and storage (CCS) to reduce greenhouse gas emissions, repayment of loans from financial institutions Including working capital for business operations which is regarded as strengthening the company and creating opportunities to compete for the company
“We would like to thank investors for their trust. and good response to this IPO. which is the hard work of both DEXON, the financial advisor underwriter and sales guarantee And all the distributors who make DEXON take another step in bringing the company to be listed on the Market for Alternative Investment (mai),” said Mrs. Mallika.
Mr. Wicha Tomana Managing Director Investment Banking Department Phillip Securities (Thailand) Public Company Limited as a financial advisor and distribution manager And guarantee the sale of shares of Dexon Technology Public Company Limited or DEXON revealed that DEXON offered ordinary shares to the public for the first time or IPO in the amount of 123,183,200 shares, priced at 4.50 baht with a par value of 0.50 baht, representing 25.85% of the total number of issued and paid-up ordinary shares of the Company after this IPO received good feedback from investors This reflects that the offered price is consistent with the fundamentals of the business. and opportunities for future growth. DEXON will be traded for the first day on the Market for Alternative Investment (mai) on March 31, 2023.
The sale of shares has been distributed to institutions and general investors. For the large number of investors interested in subscribing to DEXON’s IPO shares. This is a result of setting the offering price at a reasonable price, as well as investors recognizing strong fundamentals and potential for future growth. Because the information is presented (roadshow) to institutional investors in the country. and roadshows for retail investors General public in the country in 5 other provinces, while DEXON’s performance in 2020-2022, the company and its subsidiaries have income from sales and services of 438.97 million baht, 433.46 million baht and 608.51 million baht, respectively, and have a net profit of 11.04 million baht, 18.15 million baht, 105.15 million baht, respectively, with revenue in 2022 increasing 175.04 million baht, growing 40.38% compared to 2021 and net profit in 2022 increasing 87 million baht, growing 479.33% compared to 2021 due to mainly foreign customers as the COVID-19 situation is relaxed and the company is able to travel to provide services abroad more It believes that the economy will begin to return to normal. After facing the COVID-19 crisis since 2020
