Bangkok – All Inspire Development Public Company Limited, or ALL, has exceeded expectations by completely selling its IPO of 150 million shares at an IPO price of 4.90 baht per share. “Asia Plus” confirmed that the shares have been distributed to investors comprehensively, highlighting the company’s strong fundamentals and bright future. The shares are set to begin trading on the mai market on May 8. CEO Mr. Thanakorn Thanawirith stated that the fundraising aims to expand the business, with hopes of becoming one of the top 10 real estate development companies in the country, emphasizing its strength as a total real estate solutions provider. 

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             Dr. Kongkiat Opaswongkarn, Chairman of Asia Plus Securities Co., Ltd., as the financial advisor and lead underwriter for ALL, revealed that after opening subscriptions for the IPO of 150 million shares at 4.90 baht per share, totaling 735 million baht, from April 26, 29-30, there was significant interest from investors, with the entire amount of shares being subscribed. This reflects strong confidence in ALL's business. 
It is believed that ALL shares will be distributed to both large and small investors as well as institutions, as the distribution was handled by three underwriters: 1. KGI Securities (Thailand) Public Company Limited, 2. RHBS Securities (Thailand) Public Company Limited, and 3. Country Group Securities Public Company Limited. The shares are set to begin trading on the mai stock market on May 8, 2019. 
 
             “The success of the ALL IPO subscription shows that many investors are interested and confident in ALL's business, which is a result of the potential of the group as a comprehensive real estate developer. The group is currently in a growth phase with continuously increasing sales. From 2016 to 2018, the group reported total revenues of 420 million baht, 714 million baht, and 2.343 billion baht, respectively. The funds raised will be crucial for the group to grow and enhance ALL's competitive capabilities,” Dr. Kongkiat stated. 
 
 
             Mr. Thanakorn Thanawirith, CEO of ALL, stated that the company’s IPO shares have garnered significant interest from investors, reflecting confidence in the company as a comprehensive real estate developer with a strong business model that differentiates it from competitors. The company also has strong growth opportunities ahead. As of the end of December 2018, the company had a backlog valued at approximately 6.19 billion baht, which is expected to be recognized as revenue until 2025. 
The funds raised will be used for real estate project development, debt repayment, and working capital. The company aims to become one of the top 10 real estate developers in the country. In 2019, the company plans to launch 6 new projects worth approximately 18.25 billion baht, including 3 high-rise condominium projects and 3 low-rise condominium projects to support ALL's continuous growth. Additionally, the company has 5 completed condominium projects ready for sale, 3 projects that have been completed and are starting to transfer ownership, 1 project under construction and for sale, 7 projects under development, and 1 townhome project that started sales in Q1 2019.

             This IPO will allow the company to access capital from the capital and money markets to manage its financial costs, which will enhance its competitive capabilities. As of the end of 2018, the company had total assets valued at approximately 6.01 billion baht and total liabilities of approximately 5.24 billion baht, with a debt-to-equity ratio (D/E Ratio) of 6.78 times and an interest-bearing debt-to-equity ratio (IBD/E Ratio) of 4.66 times. After the fundraising, the company plans to use part of the funds to repay debts to financial institutions, which is expected to reduce the D/E Ratio and IBD/E Ratio post-listing.

             Mr. Thanakorn concluded that with strong potential and strategic business strengths, the company is committed to developing quality housing in high-potential areas, particularly along major mass transit routes in Bangkok, such as BTS and MRT, to truly meet lifestyle needs and housing demands. This has resulted in positive responses for all of the company’s projects, with continuous sales growth, as evidenced by the performance over the past three years (2016-2018). In 2016, the company reported total revenue of 420 million baht and a net profit of 11 million baht. In 2017, total revenue was 714 million baht with a net profit of 81 million baht. In 2018, total revenue reached 2.343 billion baht with a net profit of 343 million baht, representing net profit margins of 2.63%, 11.31%, and 14.66% during that period. 
 
Thank you for the information from www.allinspire.co.th