Skincare company to list on SET
The Stock Exchange of Thailand (SET) will list Do Day Dream, the skincare product producer and distributor, on Tuesday, December 26, under the ticker symbol “DDD”.
The company has a market capitalisation at its initial public offering (IPO) of Bt16.75 billion (about US$507.52 million).
SET senior executive vice president Santi Kiranand said on Monday that DDD would list in the consumer products industry group, personal products and pharmaceuticals sector.
DDD produces and distributes skincare products under the Namu Life brand, with Snailwhite skincare as its core product. The company says it focuses on ingredient selection, production process efficiency to produce safe and quality products as well as selective packaging.
The company’s plant is located in Rojana industrial estate, Ayudhya province in central Thailand.
DDD has a paid-up registered capital of Bt316 million, consisting of 240 million existing common shares and 76 million newly issued shares, with a par value of Bt1.00 each. On December 14, 15 and 18, it offered newly issued shares to general public via IPO at Bt53 each, for a total of Bt4.03 billion. Bualuang Securities is the financial advisor and lead underwriter.
DDD’s three major shareholders after the IPO are the Pornpatanarak Family (71.88 per cent), North Haven Thai Private Equity Clarity Company (HK) Limited (4.97 per cent) and The Hongkong and Shanghai Banking Corporation Ltd (1.04 per cent).
The IPO price was equivalent to price-to-earnings ratio (P/E) of 54.08 times calculated by using the company’s net profit in the past four, divided by fully diluted shares, representing earnings per share of Bt0.98.
DDD and its subsidiaries’ dividend policy is to pay no less than 50 per cent of net profit from the company’s separate financial statements after taxes and reserves.
