<article>Thailand-based Selic Corp is to issue 80 million shares in its initial public offering while Banpu Power determined the preliminary price range at 18-21 baht apiece.</article>

Thailand-based Selic Corp is to issue 80 million shares in its initial public offering while Banpu Power determined the preliminary price range at 18-21 baht apiece.
<h3 style="text-align: justify;">Basic adhesives maker Selic Corp files for IPO</h3>
<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=selic">Selic Corp Pcl,</a> a producer of basic adhesives, plans to mobilise fund through an initial public offering (IPO) to improve its research and development lab and bolster its presence in the overseas market.
It plans to issue 80 million shares to the public with a par value of 0.50 baht.
Ake Suwattanapim, chief executive officer, said that it will appoint a financial advisor and the lead underwriter early next month and expect to start trading on the Market for Alternative Investment before the year ends.
“We will need around 40 million baht to upgrade our chemical lab to do more advanced research and development and another 10 million baht to develop our software system,” he said.
Established in the 70’s, Selic has produced the adhesives to serve various industries including footwear, furniture, food and beverage, bookbinding, packaging, construction, automotive and electronic.
The company posted total revenue of 600 million baht and the net profit of 39 million baht last year. Around 80 per cent of its revenue comes from domestic market and the remaining 20 per cent from 27 countries globally, he said.
After IPO, it will focus more on overseas markets particularly Cambodia, Laos, Myanmar and Vietnam where they have the robust demand growth. He added the revenue from export in the first six months of this year was accounted for 30 per cent of total.
<h3 style="text-align: justify;">Banpu announces IPO preliminary price</h3>
<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=banpu+power">Banpu Power Pcl,</a> a power arm of the listed coal mining firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=banpu">Banpu</a>, has determined the preliminary price range for its IPO shares at 18-21 baht apiece, according to Banpu&#8217;s filing.
Banpu Power has obtained an approval from the Office of the Securities and Exchange Commission to issue and offer its newly issued shares of not exceeding 648.49 million shares with a par value of 10 per share to the public.
Of that, 210 million shares will be offered to Banpu&#8217;s shareholders at the entitlement ratio of 23.17 existing ordinary shares to 1 newly issued share of Banpu Power. The eligible Banpu shareholders will be entitled to subscribe the newly shares at 21 baht which is the highest in the price range.
Thanachart Securities, Bualuang Securities and The Quant Group are financial advisors. It also appoints Kasikorn Securities, Thanachart Securities and Bualuang Securities as co-underwriters.
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Selic Corp is to issue 80 million shares in its initial public offering. Banpu Power determined the preliminary price range at 18-21 baht apiece.

Thailand IPO Digest: Selic Corp files for IPO; Banpu IPO's preliminary price

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Thailand IPO Digest: Selic Corp files for IPO; Banpu IPO's preliminary price

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