Daii Group shares to start trading on MAI on July 23
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DAII GROUP, a readymade housing provider, expects to finalise its initial public offering of 30 million shares this month.
The company plans to spend the Bt120-million proceeds from selling the shares at Bt4 apiece to construct its second and third factories and a showroom in Bangkok.
“The business has been growing in a stable manner, and we need to continue to do so in the next five years,” Tawat Meeprasertskul, president and chief executive officer, told a press conference yesterday.
Subscriptions will be open for booking from tomorrow through Friday, and the stock will start trading on the Market for Alternative Investment on July 23.
About Bt25 million will be spent on constructing its second readymade-home factory in Nakhon Pathom and Bt20 million on completing its readymade-fence factory and sales office in Rayong.
About Bt55 million will be used to construct the Ginza Home Showroom 2 in Bangkok, where customers can see the materials and house models. Ginza Home is a Japanese-style readymade home.
The rest of the proceeds will be added to the company’s cash flow.
Daii will focus on serving the increasing demand for readymade housing materials by building factories in the North, Northeast and South to cover the whole country within five years.
The company is planning to expand into Asean in three years, but the country has not been selected yet.
The firm expects to grow at least 20 per cent in each of the next five years and reach the Bt1-billion revenue level in 2020.
This year’s sales are set to grow by 15-20 per cent to between Bt410 million and Bt430 million from last year’s Bt357.98 million, Tawat said.
