Friday, January 13, 2023
Master Style Public Company Limited or MASTER announced the IPO price of 46 baht, set to subscribe on 17-19 Jan 2023, ready to ring the trading bell on the MAI market 25 Jan 2023 “Somphob Kirasoonthornpong” Director of FSS Kuang “Pai Phad Mahaphon” Managing Director YUANTA Investment Banking Department, as Joint Lead Underwriter, assures excellent response from investors highlight the potential of Masterpiece Hospital The leader in cosmetic surgery in Thailand and is expected to be posted on the board of the Market for Alternative Investment (mai) on January 25, 2023, preparing to bring money to raise funds further growth hopes to generate good returns for shareholders steadily in the long term
Mr. Sompob Kirasoonthornpong President Finansia Syrus Securities Public Company Limited or FSS as a joint underwriter and underwriter or Joint Lead Underwriter of Master Style Public Company Limited or MASTER Revealed that MASTER has set the initial public offering (IPO) price of 65 million shares at a price of 46 baht per share, scheduled for subscription on January 17-19, 2023 and is expected to be listed on Market for Alternative Investment (mai) on January 25, 2023 in the service sector. Use the trading abbreviation “MASTER”.
“MASTER is a stock in an interesting business group. The IPO pricing is appropriate. This is in line with the strong fundamentals of being a leader in comprehensive cosmetic surgery in Thailand. and outstanding performance both in terms of income and profitability Including the potential for future growth from investing in expanding the number of OR rooms more than doubled from the present, so we are confident that MASTER will be a security that will be well received by investors, “said Mr. Sompop.
In this regard, MASTER offers an IPO of 65 million shares at a par value of 1 baht per share, representing 27.08% of the total number of issued and paid-up ordinary shares after this IPO. The shares offered this time consist of no more than 50 million newly issued ordinary shares, representing no more than 20.83% of the total number of issued and paid-up ordinary shares of the company after this IPO. and existing ordinary shares offered by In Glory Investments Limited not exceeding 15 million shares, representing not more than 6.25%
Mr. Phayphat Mahapol Managing Director Investment Banking Department Yuanta Securities (Thailand) Company Limited as a joint underwriter and underwriter or Joint Lead Underwriter of Master Style Public Company Limited or MASTER Revealed that this offering of shares MASTER has Finansia Syrus Securities Public Company Limited and Yuanta Securities (Thailand) Company Limited acting as underwriters and underwriters or Joint Lead Underwriter this time. Consists of joining with 6 other underwriters as follows: Krungthai Xspring Securities Co., Ltd., Globlex Securities Co., Ltd., KGI Securities (Thailand) Public Co., Ltd., Phillip Securities Co., Ltd. (Thailand) Public Company Limited, Trinity Securities Company Limited and Securities Company CGS-CIMB (Thailand) Co., Ltd.
Ms. Duenphan Leelawiwat, Managing Director of Pioneer Advisory Company Limited as a financial advisor of Master Style Public Company Limited or MASTER Added that the strength of MASTER is when listed on the market. MASTER will be the first surgical hospital listed on the stock exchange. While the funding will be used to expand the growth potential. By increasing the number of OR rooms another 10 rooms from the current 7 rooms and expanding the service area will help MASTER increase the capacity to support more services. It is expected to result in increased revenue and economies of scale in the future.
In terms of performance, MASTER has a leap growth rate. Consistent with being the number one surgical hospital in the hearts of customers. Resulting in continuous word-of-mouth of customers. MASTER is a comprehensive surgical hospital without branches. Helps to save on costs. and resulting in net profit margin High at 21%-24%
Dr. Rawiwat Maschamadol, Chief Executive Officer of Master Style Public Company Limited or MASTER revealed that moving forward The Market for Alternative Investment (mai) reflects MASTER’s commitment and determination on the business path for more than 9 years after the establishment of the company. And has developed and upgraded MASTER to be a modern comprehensive surgical hospital. Because it sees the destination of the needs of customers who want to make themselves look better. until it becomes a word of mouth And has been confident in the quality and impressive service ever since.
“Master Style provides services for cosmetic surgery hospitals. under the name of Masterpiece Hospital with the goal of becoming a leader in comprehensive cosmetic surgery in Thailand This plan for listing on the Market for Alternative Investment (mai) is an important step in expanding the business. increase opportunities for future growth and generate good returns for shareholders steadily in the long run This fundraising gives investors and interested people the opportunity to be a part of MASTER’s success expansion together, ”said Dr. Rawewat.
Ms. Laphatsarada Lertpanuroj, Deputy Chief Executive Officer, Master Style Public Company Limited or MASTER disclosed that for the money the company raised from this stock offering The company will invest in the building and operating room improvement project on the existing hospital area. Including the purchase of tools and medical equipment for surgery (Surgery), hair transplantation and hair care (Hair), skin and laser care services (Skin), as well as use as investment capital for construction and renovation of buildings. to expand service center areas such as hair care centers Liposuction Center, Eye Center and Male Health Center Including facilities and offices, including to use as working capital for operations. This is in line with the company’s growth plan in the future.
However, for the operating results of the Company Group over the past 3 years (2019-2021), there has been continuous growth. and have a strong financial position The Company in 2019 – 2021 and the nine-month period ended September 30, 2022, the Company had revenue from hospital operations of 414.03 million baht, 611.06 million baht, 659.51 million baht and 1,011.14 million baht, representing a growth rate of 100,000 baht. 47.59 percent, 7.93 percent and 133.99 percent, respectively.
In line with the performance in 2019 – 2021 and the nine-month period ended September 30, 2022, the Company had a net profit of 61.25 million baht, 128.55 million baht, 162.80 million baht and 222.22 million baht, representing a net profit margin of 14.66% 20.89%. 23.59% and 21.86%, respectively, with the net profit margin continuously increasing mainly due to better cost management. as mentioned above
As for the dividend payment policy, not less than 50% of net profit after deduction of corporate income tax. and allocation of reserve funds