The Stock Exchange of Thailand (SET) will list P.S.P Specialties pcl (PSP), a one-stop lubricant solution provider, – on August 30 under ticker symbol “PSP”. The company has a market capitalization at its initial public offering (IPO) of THB 8.68 billion (approx. USD 247.15 million).
SET Senior Executive Vice President Manpong Senanarong said that PSP will be listed and start trading on SET in Industrial Materials & Machinery sector, the Industrials industry group.
PSP manufactures and distributes lubricant products to customers who are leaders in various industries both domestically and internationally. The company provides end-to-end services, starting from product development, raw material procurement, product design, manufacturing, packing, to storage and distribution including logistics, and other related businesses. PSP develops and manufactures specialty products including rubber process oil, and transformer oil; provides terminalling center; and distributes Chevron Oronite’s additives in Thailand, Cambodia, and Laos. Additionally, PSP is Thailand’s sole and exclusive distributor of Authentix’s products .
PSP has a paid-up capital of THB 1.40 billion after the IPO, consisting of 1.05 billion existing ordinary shares and 350 million newly issued shares, with a par value of THB 1.00 each. Up to 350 million IPO shares were allotted to persons at underwriters’ discretion, the company’s patrons, and board of directors, executives and employees of the company and its subsidiaries…
SET welcomes end-to-end lubricant solution provider “PSP” on August 30 – SET News
