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 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.

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