Market for Alternative Investment (mai) will list Thai Parcels pcl, a goods or package delivery service provider for both business and the general public in Thailand, on June 30, under the ticker symbol “TPL”. The company has a market capitalization at its initial public offering (IPO) of THB 1.73 billion (approx. USD 49.11 million).
mai President Prapan Charoenprawatt said that TPL will be listed and start trading on mai in the Services industry group.
TPL provides goods and package delivery services for both business and individuals in Thailand, including cash on delivery service. The company has expertise in the delivery of products in various packaging types, especially the heavy and large items or non-standard packages. Currently, the company provides delivery services of about 350,000 – 600,000 items per month using a variety of vehicles, with 300 trucks and pick-up trucks. There are altogether 120 service points nationwide, being either TPL’s own branches or franchises. The company’s main customers include entrepreneurs, factories, product owners, and logistics service agents. In 2022, ratio of the company’s revenue and income from service based on the types of delivery consisting of business-to-business (B2B), customer-to-customer (C2C) and business-to- customer (B2C) were 33 : 36 : 31, respectively.
TPL has a paid-up capital of THB 262 million, consisting of 404 million existing ordinary shares and 120 million newly issued shares, with a par value of THB 0.50 each. It offered 96…
mai welcomes logistics service provider “TPL” on June 30 – SET News
