Abstract
PMC Label Materials pcl will be listed on the Market for Alternative Investment (mai) under the symbol “PMC” on September 11, 2024 with a market capitalization of THB 702 million. PMC, a subsidiary of SELIC Corp pcl, manufactures and distributes blank stickers or self-adhesive labels, serving customers in various industries. The company plans to expand its production capacity and distribution centers in ASEAN countries with funds raised from the IPO.
PMC Label Materials pcl to be Listed on mai
PMC Label Materials pcl, a manufacturer of blank stickers and self-adhesive labels for both domestic and international customers, will be listed on the Market for Alternative Investment (mai) on September 11, 2024, under the symbol “PMC”. The company’s market capitalization at its initial public offering (IPO) stands at THB 702 million (approx. USD 20.76 million). PMC will start trading on mai in the Industrials industry group, according to mai President Prapan Charoenprawatt.
Details of PMC Label Materials pcl IPO
PMC is a subsidiary of SELIC Corp pcl and produces paper stickers, film stickers, and specialty stickers for various industries. The company’s domestic to international market sales ratio is 65:35, and it exports to over 15 countries worldwide. The IPO raised funds will be utilized to expand production capacity, venture into new markets, and repay financial institution loans. With a post-IPO paid-up capital of THB 385.72 million, PMC aims to become a leader in blank sticker manufacturing and distribution in the ASEAN region. SELIC remains the largest shareholder post-IPO with a 70 percent stake, and PMC’s dividend policy ensures shareholders receive not less than 40 percent of net profits after taxes and legal reserves.
