Thai Auto Tools and Die PCL, a business designing and manufacturing tools and metal stamping parts for the automotive industry, is ready to start trading on the Market for Alternative Investment (MAI) on 8 October with a market capitalization at the IPO price of 500 million baht, using the abbreviation ‘TATG’.
Mr. Prapan Charoenprawat, Market for Alternative Investment (mai), revealed that the mai welcomes Thai Auto Tools and Die PCL to list and start trading on mai under the Industrial Products group. Under the abbreviation “TATG” for securities trading on October 8, 2024,
TATG and its subsidiaries operate two main businesses: (1) the design and manufacturing of automotive tools, such as stamping dies, checking fixtures, and assembly jigs; and (2) the manufacturing of automotive press parts. The Company has adopted advanced technology and machinery ranging from 200 to 2,000 tons for efficient and diverse production, both in mass production and high-precision production, including the introduction of t
he EDP (Electro Deposition Paint) system to improve the quality of parts and improve corrosion resistance. In addition, the Company is prepared to support the expansion of the electric vehicle industry. By investing in research and development of metal molds that can be used in the production of electric vehicles, both present and future.
TATG has a paid-up capital after the offering of 400 million baht, with a par value of 1 baht per share. It offers to sell ordinary shares to the public for the first time, totaling 100 million shares, to persons at the discretion of the underwriter, benefactors of the company and its subsidiaries, and directors, executives, and employees of the company and its subsidiaries between September 30 and October 2, 2024 at a price of 1.25 baht per share, for an IPO offering value of 125 million baht, with a securities value at the IPO price of 500 million baht. The determination of the IPO offering price takes into account the price-to-earnings ratio (P/E Ratio) of 5.2 times, cal
culated from net profit over the past 12 months. (From July 1, 2023 to June 30, 2024) divided by the number of common shares issued and paid up after this offering (fully diluted), the net profit per share will be equal to 0.24 baht, with Asia Plus Consulting Co., Ltd. as financial advisor, Asia Plus Securities Co., Ltd. as distributor and underwriter.
Dr. Payung Sakdasawit, Chief Executive Officer of Thai Auto Tools and Die Public Company Limited, revealed that the company aims to become a leader in the metal mold, jigs and fixtures manufacturing industry, and high-quality automotive parts manufacturing in the Asian region. With its strengths in having a team of executives and staff with expertise and experience in the automotive business for over 30 years, the company is well-equipped with technology, a modern production base that meets international standards, and a one-stop service, which has continuously gained acceptance and trust from customers who are leading automotive brands and major automotive
parts manufacturers. In order to increase production efficiency and growth from technological changes in the automotive industry, which is transitioning to the production of electric vehicle parts, the company has upgraded its production line to an automated system to support future competition. The funds raised from the fundraising will be allocated to invest in additional machinery to upgrade the organization to international standards. Some of the funds will be used to repay loans from financial institutions, helping to lower financial costs, and the rest will be used as working capital for
TATG’s operations. After the IPO, the major shareholders are the Sakdasawit family, holding 33.5 percent of the shares, the Hritai family, holding 25.2 percent of the shares, and the Laosinchai family. Holding 9.3 percent of the shares, the company has a policy of paying dividends to shareholders at a rate of not less than 40 percent of net profit of the separate financial statements after deducting taxes and legal res
erves.
Source: Thai News Agency