Abstract
MPJ Logistics pcl will be listed on mai on November 6, 2024, with a market capitalization of THB 1.2 billion. The company offers integrated logistics services, with a focus on container drayage, depot management, international freight forwarding, and warehouse rentals. The IPO raised funds for business expansion and equipment upgrades. Major shareholders include Jirasak Manatrakul’s group, the Liptapanlop family, and the Wiriyapanichphakdee family. Dividend policy includes paying at least 40 percent of net profit to shareholders.
MPJ Logistics PCL to be Listed on mai
Market for Alternative Investment (mai) will list MPJ Logistics pcl, a provider of integrated logistics services, under the symbol “MPJ” on November 6, 2024. The company has a market capitalization at its initial offering (IPO) of THB 1.2 billion (approximately USD 35.54 million). MPJ and its subsidiaries provide integrated logistics services mainly to import and export operators and sea freight forwarders for domestic and international transportation. Its services span four categories: Container drayage services, Container depot management services, International freight forwarding services, and Custom-built warehouse rentals.
MPJ Logistics PCL: IPO Details and Plans
MPJ has a paid-up capital of THB 100 million after the IPO, consisting of 147 million existing common shares and 53 million newly issued shares. The IPO price was set at THB 6.0 per share, representing THB 318 million in fresh funding and the price-to-earnings (P/E) ratio of 13.65 times. The company plans to utilize the IPO proceeds for repayment of loans, equipment upgrade, system development, and working capital. Major shareholders post-IPO include Jirasak Manatrakul’s group, the Liptapanlop family, and the Wiriyapanichphakdee family.
