Abstract
Thai Auto Tools and Die pcl, a leader in automotive tools and parts manufacturing, will be listed on the mai on October 8, 2024, with a market capitalization of THB 500 million. The company aims to expand its presence in the EV industry and enhance production efficiency.
Thai Auto Tools and Die pcl Listing on Market for Alternative Investment
Thai Auto Tools and Die pcl, a leader in designing and manufacturing tools and press metal parts for the automotive industry, will be listed on the Market for Alternative Investment (mai) on October 8, 2024, under the ticker symbol “TATG”. The company’s market capitalization at its initial public offering (IPO) is THB 500 million (approx. USD 15.50 million), with mai President Prapan Charoenprawatt stating that TATG will start trading in the Industrials industry group.
Business Lines and Future Plans for Thai Auto Tools and Die pcl
Thai Auto Tools and Die pcl and its subsidiaries operate in the design and manufacture of tools for the automotive industry, including Stamping Dies, Checking Fixtures, and Assembly Jigs, as well as the production of Automotive Press Parts. With a focus on advanced technology and machinery, the company is preparing for the electric vehicle (EV) industry expansion by investing in research and development of metal dies suitable for current and future EV production. The funds raised from the IPO will be allocated to invest in additional machinery, repay financial institution loans, and serve as working capital to elevate the organization to international standards.
