Bangkok - "All Inspire" has set its IPO price at 4.90 Baht per share and has appointed Asia Plus Securities as the lead underwriter for the distribution and guarantee of the offering. Country Group Securities, KGI Securities, and RHB Securities will serve as co-underwriters. The shares will be offered for subscription on April 26, with trading on the mai starting on May 8. CEO of ALL, Thanakorn Thanawirith, announced the company's strength as a comprehensive real estate service provider, aiming to become a leading property development company ranked among the top 10 in the country.

On April 23, 2019, All Inspire Development Public Company Limited (ALL) signed a contract appointing Asia Plus Securities as the lead underwriter for the IPO of common shares, along with the appointment of Country Group Securities, KGI Securities, and RHB Securities as co-underwriters.

Dr. Kongkiat Opaswongkarn, Chairman of Asia Plus Securities, as the lead underwriter, stated that the IPO price of 4.90 Baht per share is appropriate given the confidence in the company's fundamentals and strong growth potential. ALL is distinguished by its commitment to developing quality housing in high-potential areas, particularly along major public transport routes in Bangkok, such as BTS and MRT, which truly meet lifestyle and housing needs. This has led to positive responses for all of the company's projects, continuous sales growth, and enabled ALL, established in 2013, to raise funds in the mai stock market within just six years. The company is confident that ALL shares will be well-received by investors.

The set price reflects a suitable valuation based on fundamentals, with a P/E ratio of approximately 8.03 times, calculated from the net profit per share based on the 2018 financial statements, which amounted to 343.41 million Baht, divided by the total number of shares after this offering (fully diluted) totaling 560 million shares (par value of 1.00 Baht per share), resulting in a net profit per share of 0.61 Baht. In comparison, listed companies with similar business characteristics in the mai market have an average P/E ratio of about 10.70 times. The company plans to open for investor subscriptions on April 26, with the first trading day expected on May 8.

ALL is offering 150 million shares to the public for the first time, with a par value of 1 Baht per share, representing 26.79% of the total shares after the IPO. Currently, ALL has a registered capital of 560 million Baht and paid-up capital of 410 million Baht, equivalent to 410 million shares. The funds raised will be used to expand the company's business, particularly in developing real estate projects in various high-potential areas, as well as to repay loans and for working capital in future operations.

Mr. Lek Sikharawit, Managing Director of Asia Plus Advisory Company, as a financial advisor, added that All Inspire Development Public Company Limited is distinguished by its commitment to developing quality housing that caters to all customer segments, as evidenced by its continuous sales growth, which strengthens the company's financial position. From 2016 to 2018, the group saw consistent increases in total revenue and net profit, with total revenues of 420 million Baht, 714 million Baht, and 2,343 million Baht, respectively, and net profits of 11 million Baht, 81 million Baht, and 343 million Baht, respectively. The company's growth rate clearly demonstrates its strong financial status and growth potential, while the return on equity (ROE) has consistently increased from 2.72% in 2016 to 54.50% in 2018, showcasing the company's profitability and efficiency. This potential further reinforces its ambition to become a leading property development company ranked among the top 10 in the country in the future.

Mr. Thanakorn Thanawirith, CEO of All Inspire Development Public Company Limited, stated that the company aims to become a leading property development company in the country, ranked among the top 10, to build trust and confidence among stakeholders, including shareholders, partners, and employees. The current fundraising effort is expected to enable "ALL" to expand its business and access funding sources from the financial and capital markets for the development of new real estate projects in line with the company's policy to focus on business expansion, ensuring stable and sustainable growth while enhancing competitiveness and providing good long-term returns for shareholders and investors who trust and believe in the company.

With its strong potential and strategic business strengths, "ALL" can meet all the needs of residents in every dimension with a distinctive style under the concept of Class of Living, "A life of quality is a life you choose yourself." This proves that "ALL" is not just a quality housing developer but also a company that can meet all customer needs, reinforcing ALL's potential as a comprehensive real estate leader, leading to the success of every project in every location today.

Thank you for the information from www.allinspire.co.th