SET welcomes construction material center DOHOME on Aug 6

Stocks and Financial Services Press Releases Monday August 5, 2019 17:54
Bangkok--5 Aug--SET Corporate Communications

The Stock Exchange of Thailand (SET) will list Dohome pcl (DOHOME), a one-stop retailer and wholesaler of construction materials and home decor items, on August 6, under the ticker symbol "DOHOME". The company has a market capitalization at its initial public offering (IPO) of over THB 14.4 billion (approx. USD 464.5 million).

SET Senior Executive Vice President Manpong Senanarong said that DOHOME would list and start trading on SET in the Services industry group, Commerce sector.

DOHOME is engaged in retail and wholesale construction materials, home decoration and renovation products and services. Currently the company operates 11 stores, consisting of nine super stores and two Dohome To Go smaller stores, as well as a distribution center in Pathumthani province (north Bangkok). The company offers more than 135,000 stock keeping units (SKUs) in the stores to serve customer demand across all sectors.

DOHOME has a registered paid-up capital of THB 1.86 billion, consisting of 1.4 billion existing common shares and 456.16 million newly issued shares, with a par value of THB 1 each. It offered 521.20 million shares to general public via IPO, consisting of 456.16 million newly issued shares, 8.88 million shares from existing shareholders, and 56.16 million over-allotment shares, at THB 7.80 each, for a total of THB 4.07 billion (included over-allotment shares). Phatra Securities pcl and Kasikorn Securities pcl are its financial advisors and underwriters.

DOHOME Managing Director Adisak Tangmitrphracha said that the fund raised would be used to expand its business including opening super stores in major cities nationwide, as well as expanding Dohome To Go branches with more flexibility and accessible to retail customers. The fund raised would also be used to invest in information technology development as well as for loan repayment to financial institutions and as working capital.

After the IPO, DOHOME's major shareholder is Tangmitrphracha Family at 71.9 percent of the paid-up capital.

The company's dividend policy is to pay no less than 30 percent of net profit after corporate income tax from the company's separated financial statement and legal reserves. However, the company's dividend payout may be different from this policy subject to the company's performance, financial liquidity and necessity of using working capital on operations management, future business expansion plan, and economic environment.

For more information on DOHOME, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th; and for general information, please visit www.dohome.co.th as well as www.set.or.th.


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