CPT to launch on exchange after IPO

The company has a market capitalisation at its initial public offering (IPO) of Bt2.07 billion (about US$62.73 million).
SET senior executive vice president Santi Kiranand said that CPT, the distributor of machinery and electric control systems with such equipment as AC/DC motors, drivespanels and motor-speed controls for industrial factories, would list in the Industrial group, under the industrial materials and machinery sector.
CPT, which also develops and installs electrical substations, has a paid-up registered capital of Bt450 million, comprising 630 million existing common shares and 270 million newly issued shares, with a par value of Bt0.50 each. During December 13-15, it offered 243 million newly issued shares to the general public via an IPO (initial public offering), and 27 million shares to executives (excluding directors), employees and related persons, at Bt2.30 each, for a total of Bt621 million.
Phillip Securities (Thailand) is the financial adviser and underwriter.
CPT’s three major shareholders after the IPO are the Limprasert family (31.50 per cent), Pepathum family (28 per cent) and Wichienkuer family (10.50 per cent).
The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 14.12 times calculated by using the company’s net profit in the past four quarters (Q4/2016 – Q3/2017), divided by 900 million fully diluted shares, representing earnings per share of Bt0.16. CPT’s dividend policy is to pay no less than 40 per cent of net profit from the company’s consolidated financial statements after taxes and reserves.