Abstract
Miss Grand International pcl, organizer of “Miss Grand Thailand” and “Miss Grand International” pageants, will be listed on mai under ticker symbol “MGI” with a market capitalization of THB 1.04 billion. The company distributes consumer goods, operates in media and entertainment, and artist management. Proceeds from the IPO will be used for office building renovation, product development, and other purposes. Major shareholders after the IPO are Nawat Itsaragrisil (42.86 percent) and Ratchaphol Chantaratim (28.56 percent).
Miss Grand International pcl to be Listed on mai
Market for Alternative Investment (mai) will list Miss Grand International pcl – the organizer of the “Miss Grand Thailand” and “Miss Grand International” pageants, artist management agency and product distributor – on December 14 under the ticker symbol “MGI”. The company has a market capitalization at its initial public offering (IPO) of THB 1.04 billion (approx. USD 29.80 million). mai President Prapan Charoenprawatt said that MGI will be listed and start trading on mai in the Consumer Products industry group.
MGI’s Diverse Business Operations and IPO Details
MGI organizes the “Miss Grand Thailand” and “Miss Grand International” pageants to complement commerce business, which is its core business. The company distributes consumer goods including facial and body care products, clothes, ornaments, foods and dietary supplements under its own brands and under other brand products with the ratio of 75 : 25 of its revenue from commerce business. After the IPO, MGI has a paid-up capital of THB 105 million, consisting of 150 million existing common shares and 60 million newly issued shares. The proceeds arising from the fundraising will be used for office building renovation, product development, online program production and information technology development and also kept as working capital.
