FRIDAY, March 29, 2024
nationthailand

Construction materials firm Dohome to list on SET

Construction materials firm Dohome to list on SET

The Stock Exchange of Thailand (SET) will list Dohome, a one-stop retailer and wholesaler of construction materials and home decor items, today (August 6) under the ticker symbol "DOHOME".

The company has a market capitalization at its initial public offering (IPO) of over Bt14.4 billion (approximately US$464.5 million).
SET senior executive vice president Manpong Senanarong said that DOHOME would list and start trading on SET in the Services industry group, Commerce sector.
DOHOME is engaged in retail and wholesale construction materials, home decoration and renovation products and services. Currently the company operates 11 stores, consisting of nine super stores and two smaller Dohome To Go stores, as well as a distribution center in Pathum Thani province. The company offers more than 135,000 stock keeping units (SKUs) in the stores to serve customer demand across all sectors.
DOHOME has a registered paid-up capital of Bt1.86 billion, consisting of 1.4 billion existing common shares and 456.16 million newly issued shares, with a par value of Bt1 each. It offered 521.20 million shares to general public via IPO, consisting of 456.16 million newly issued shares, 8.88 million shares from existing shareholders, and 56.16 million over-allotment shares, at Bt7.80 each, for a total of Bt4.07 billion (including over-allotment shares). Phatra Securities and Kasikorn Securities are its financial advisers and underwriters.
DOHOME managing director Adisak Tangmitrphracha said the funds raised would be used to expand its business including the opening of super stores in major cities nationwide, as well as expanding Dohome To Go branches to provide more flexibility and accessibility to retail customers. The funds would also be used to invest in information technology development as well as for loan repayment to financial institutions and as working capital.
After the IPO, DOHOME's major shareholder is the Tangmitrphracha family with 71.9 per cent of the paid-up capital.
The company's dividend policy is to pay no less than 30 per cent of net profit after corporate income tax from the company's separated financial statement and legal reserves. However, the company’s dividend payout may differ from this policy subject to the company’s performance, financial liquidity and necessity of using working capital on operations management, future business expansion plan, and economic environment.

nationthailand