mai to list dental care group, “Dental Corporation” on April 3

Friday 31 March 2017 16:44
Market for Alternative Investment (mai) will list Dental Corporation pcl, dental care group on April 3, under the ticker symbol "D". The company has a market capitalization at its initial public offering (IPO) of THB 1.2 billion (approximately USD 34.29 million).

mai President Prapan Charoenprawatt said that D would list and start trading on mai in the Services industry group. D and subsidiaries provide a full range of dental services under the brand "BIDC", "Dental Signature" and "Smile Signature". Currently, D group has a total of 12 branches, consisting of one "BIDC", three "Dental Signature" and eight "Smile Signature" clinics. There are 10 branches in Bangkok and two branches in Phuket.

D has a paid-up registered capital of THB 100 million, consisting of 150 million existing common shares and 50 million newly issued shares with a par value of THB 0.50. During March 23-27, it offered newly issued shares to the general public via IPO at THB 6.00 each, for a total of THB 300 million. Asia Plus Advisory Co., Ltd. is the financial advisor, while Asia Plus Securities pcl is the underwriter.

D Chief Executive Pornsak Tantapakul said that the company has over 12 years of experience in operating dental centers and dental clinics with advanced technology, equipments and materials. The clinics are operated by a highly qualified team of dentists, meeting international standard to serve customers who are both Thais and foreigners. D focuses on customers' safety and satisfactory. The fund raised would be used for branch expansion, debt repayment and as working capital to fulfill the company's goals.

D's three major shareholders after the IPO are Tantapakul family (77.18 percent), Kaewsawang family (0.90 percent) and Chen Chung Ni (0.50 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 28.22 times calculated by using the company's net profit in the past 12 months (January 1, 2016 - December 31, 2016) of THB 42.52 million, divided by fully diluted shares, representing earnings per share of THB 0.21. D's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.

For more information on D, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th; and for general information, please visitwww.dentalcorpthailand.com, as well as www.set.or.th.