BPS prepares to set IPO price next week, entering mai trading this month.
BPS is preparing to set the price and set the date for selling 120 million IPO shares next week. Ready to bring stocks to trade on the mai market within March. Actively investing in fiber optic networks
Mr. Surapong Sarechphan, Chief Executive Officer of BPS Technology Public Company Limited (BPS) , stated that the company is preparing to offer 120 million newly issued ordinary shares to the public in its initial public offering (IPO), representing 30% of the company's total outstanding ordinary shares after the offering. The shares have a par value of 0.50 baht each and will be listed on the Market for Alternative Investment (mai) in the Industrial Materials and Machinery sector.
“The company expects to be able to determine the price and date of the IPO within the next week and list its shares on the MAI (Market for Alternative Investment) by March 2567,” said Mr. Surapong.
The company will use the money received from fundraising. Used to invest in equipment and installation of fiber optic networks in the Fiber to the Home (FTTX) fiber optic project for condominium and high-rise buildings, worth 20 million baht.
This includes the construction of a learning center for technicians and the general public, comprising a training center for rooftop solar panel installers and a 24/7 Edge Data Center Facilities system with monitoring, as well as a fiber optic network for communication, costing 4 million baht. The remaining amount will be used as working capital for the business.
The company aims for a 10-15% revenue growth in 2567 compared to 2566, when it generated 740 million baht in revenue.
BPS's business in 2567, in addition to being a complete source of products and equipment related to electrical systems and telecommunications technology. It also aims to grow by driving business with digital for sustainability. By developing more products and services in the form of various solutions to expand the customer base to customers who are direct consumers (B2C).
