The Market for Alternative Investment (mai) will list Maguro Group pcl, a premium-mass restaurant operator, on June 5, 2024, with a market capitalization of THB 2.00 billion.
Key Takeaways
- Maguro Group pcl, a premium-mass restaurant operator, will be listed on the Market for Alternative Investment (mai) with a market capitalization of THB 2.00 billion.
- The company operates three restaurant brands with a total of 27 branches in Bangkok and its vicinity, and plans to use the funds raised for business expansion and IT system upgrades.
- After the IPO, the major shareholders of MAGURO include the company’s four founders and a private equity fund, with a dividend policy to pay shareholders not less than 40 percent of net profit.
The company operates three restaurant brands with a total of 27 branches in Bangkok and its vicinity. The IPO raised THB 341.22 million in fresh funds, with the proceeds intended for business expansion, renovation, IT system upgrades, and working capital.
The major shareholders are the company founders and a private equity fund. The dividend policy aims to pay shareholders not less than 40 percent of net profit. For more information, refer to the company’s prospectus on the Securities and Exchange Commission’s website and general information on their official websites.
MAGURO’s paid-up capital after the IPO is THB 63 million, consisting of 104.54 million existing ordinary shares and 21.46 million newly issued shares with a par value of THB 0.50 per share. Out of the total IPO shares, 32.78 million shares were offered to persons at the underwriters’ discretion, 0.62 million shares to the company’s patrons, and 0.66 million shares to the company’s directors, executives, and employees during May 28-30, 2024. The IPO shares were priced at THB 15.90 per share, raising THB 341.22 million in fresh funds and THB 541.56 million in total issued value. The IPO price had a price-to-earnings (P/E) ratio of 27.38 times, with earnings per share at THB 0.58 calculated from the company’s net profit over the past 12 months divided by fully diluted shares. Jay Capital Advisory Co., Ltd. is the financial advisor, and Finansia Syrus Securities pcl is the lead underwriter.
