Market for Alternative Investment (mai) will list Sirisoft pcl, an IT consulting, design and development service provider, on Oct 10 under the ticker symbol “SRS”. The company has a market capitalization at its initial public offering (IPO) of THB 2.56 billion (approx. USD 68.89 million).
mai President Prapan Charoenprawatt said SRS will be listed and start trading on mai in the Technology industry group.
SRS excels in providing organizations with consulting, design and development services related to information technology systems. Its services are based on the DevOps (Development & Operations) methodology and the Microservices architecture for system and software development which result in fast deliveries and efficiency. The company’s wholly-owned subsidiary, SRS Integration Co., Ltd., offers cyber security consulting and system development services, supplies IT personnel and provides all relevant services.
The group of companies is a partner of leading product manufacturers including Red Hat, Oracle, Dynatrace and Huawei. Its main clients are in the business sector and among them are financial institutions and retail groups. In the first six months of 2023, services generated 63 percent of the total revenue of the group of companies while sales made up 37 percent. SRS has backlog amounting to THB 526 million.
SRS has a paid-up capital of THB 80 million, consisting of 120 million existing common shares and 40 million newly issued shares, with a par value of THB 0.50 each. The company offered…