Selic’s managing director Ek Suwatthanaphim said that the company plans to submit the filing to the Securities and Exchange Commission in the last quarter this year, and launch the first trading in early 2016.
Selic Corp has a registered capital of 100 million baht, and it expects to raise capital by 20-25 per cent in its initial public offering (IPO_. However, this has not been finalised, yet.
“The fund we raise in the MAI, will be partly used to set up a new plant in overseas market, to boost our production capacity. This requires more than 100 million baht of investment. We also plans to acquire businesses in other countries to expand our market internationally,” he said.
Moreover, the company will establish its own research and development (R&D) center to develop value-added products. The R&D will help boost its profit margin from 3-5 per cent, currently to 7-10 per cent, in the future.
Selic Corp has been a producer of basic adhesives for more than 30 years with brands like: WORLD, VEGAMELT and DELTABOND. It supplies these across industries including, footwear, furniture, food and beverage, bookbinding, packaging, construction, automotive and electronic.