DOHOME celebrates its 1st trading day, strengthening its position as one of Thailands retail and wholesale business and service provider of construction materials and home-decoration items by introducing new model with countrywide expansion

Stocks and Financial Services Press Releases Tuesday August 6, 2019 14:11
Bangkok--6 Aug--MT Multimedia

DOHOME, one of Thailand's leading retail and wholesale business and service provider of construction materials and home-decoration items, traded its shares on the Stock Exchange of Thailand (SET) for the first time on 6 August 2019, after the initial public offering (IPO) of 465.04 million ordinary shares along with 56.16 million over-allotment shares at the offering price of THB 7.80 per share. It seeks to open new stores, and has introduced a new business model with smaller format 'Dohome To Go'.

Mr. Adisak Tangmitrphracha, Chief Executive Officer of Dohome PCL (or DOHOME), revealed: "We are very pleased and very proud of the successful listing of DOHOME on SET (ticker symbol: DOHOME) after we had received strong feedbacks from both institutional and retail investors, reflecting their high confidence in DOHOME's solid fundamentals and its position as one of Thailand's leading 'One-stop Home Products Destination' ".

Mrs. Saliltip Ruangsuttipap, Deputy President, Accounting, Finance and Support of DOHOME, added: "We made an IPO of 465,040,000 ordinary shares, or approximately 25.1% of DOHOME's issued and paid-up capital. Additionally, there was also an overallotment of 56,160,000 shares for the stabilization of DOHOME's stock price during the first 30 days after its first day trade. In total, we allotted a total of 521,200,000 ordinary shares, or approximately 28.1% of DOHOME's issued and paid-up capital".

"The capital increase and the listing on the SET will enable us to secure the necessary business support, as well as strengthen our financial position and create growths in the future. We are ready to launch new stores in all regions of Thailand with targets to open newly designed large store format while still keeping the concept of "Complete, Cheap, and Good...at DOHOME". Moreover, we have introduced 'Dohome To Go' as small format model that offers greater access to retail customers and better flexibility for store network expansion. As of today, we have already launched two 'Dohome To Go' stores at Makro Charansanitwong and Makro Sathorn. As a result, in addition to the distribution centre in Pathum Thani, we now own 11 stores, nine of which are large stores and two of which are Dohome To Go stores", said Mrs. Saliltip.

The total offering size for DOHOME's IPO was over THB4,065 mm (inclusive of over-allotment) with the offer price of THB7.80 per share, resulting DOHOME to have market capitalisation of more than THB14,400 mm (based on the IPO price). With this regards, DOHOME is the largest-cap IPO stock so far this year (as of the first trading day). The lead underwriters are Kasikorn Securities PCL and Phatra Securities PCL.


Latest Press Release

Bangkok Bank reports third quarter 2019 net profit of Baht 9,438 million

In 2019, the Thai economy is forecast to expand at a slower rate than in 2018. Slowing global growth, intensifying trade tensions and the unrelentingly strong Baht have weighed on both exports and tourism. Meanwhile, private consumption and private...

KTC declares 4.205 billion in first nine months net profits. Receivables growth hit an all-time high in the past two years with plans to expand member base and fortify quality of ports.

KTC announces net profits for the first nine months with a 8 percent growth at 4.205 billion. Budget will be allocated to stimulate marketing activities and expand member base. Policy to expand member base and in main business caused portfolio to have...

Witnessing Thai Peoples Lack of Financial Discipline, GoBear Seizes Opportunity to Organize Seminar on Financial Health GoBear Fin Detective #สืบฟินวินทุกเรื่องเงิน And Releases Latest Survey on What Causes Thais Unsuccessful in Achieving Financial Go

GoBear Thailand, Asia's leading financial supermarket, has invited celebrities and financial experts to participate in the seminar "GoBear Fin Detective #สืบฟินวินทุกเรื่องเงิน," aiming to encourage Thai people to pay attention to their financial health,...

TBANK Q3 2019 profit reaches record launches ThanachartDRIVE

Thanachart Bank Public Company Limited (TBANK) reported a consolidated net profit of 4,054 million baht for the third quarter of 2019, improving 12.86% from the previous quarter. Mr.Praphan Anupongongarch, Chief Executive Officer and President of...

Photo Release: EXIM Thailand and EXIM Bank Malaysia Discuss Ways to Promote Thai and Malaysian Trade and Investment

Mr. Pisit Serewiwattana (third left), President of Export-Import Bank of Thailand (EXIM Thailand), and EXIM Thailand's management welcomed Dato' Shahrul Nazri Abdul Rahim (third right), President and Chief Executive Officer of Export-Import Bank of...

Related Topics