Monday, March 01, 2021

OR sets final IPO price at Bt18 per share

Feb 03. 2021
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By The Nation

PTT Oil and Retail Business (OR) set its final Initial Public Offering (IPO) price at Bt18 per share on Wednesday.

Earlier, the Securities and Exchange Commission allowed OR to offer 3 billion newly issued shares with a par value of Bt10 per share to the public on September 16 last year. OR’s Registration Statement and Prospectus consequently became effective on January 14, with the preliminary price range being Bt16-18 per share.

Separately, OR chief executive officer Jiraporn Khaosawas said 530,000 individual investors have subscribed for the company’s shares via three banks – Kasikornbank, Bangkok Bank and Krungthai Bank.

She said OR will use the “small lot first” method to ensure that individual investors receive the firm’s shares.

“OR would like to thank its investors for subscribing to the company’s shares,” Jiraporn said.

She added that individual investors can check their share allocation results on www.settrade.com from February 6, while eligible shareholders of PTT can do so via www.kasikornbank.com/kmyinvest from February 2.

“Refunds will be made within 7-10 days,” she added.

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