Unanimous Investor Confidence: Fair Pricing and Strong Fundamentals
Lead Underwriters Mr. Teerachat Sinlapsanont (Finansia Syrus) and Ms. Veeraya Siriwan (CGS-CIMB) revealed that the subscription period saw a complete sell-out of the 25 million shares. Investors cited TBN’s unique market position and the reasonable IPO valuation as key factors. Furthermore, Ms. Monthana Leelaviwat (Pioneer Advisory), the financial advisor, noted that the capital injection would directly fuel TBN’s infrastructure for large-scale digital investments.
Financial Highlights: Explosive Q1 2023 Growth
TBN enters the market with a track record of financial excellence:
FY 2022: Revenue of 360.55 million THB with a 28.40% initial profit margin.
Q1 2023: Revenue reached 116.83 million THB, with initial profit margins soaring to 42.13%.
This profitability showcases TBN’s operational efficiency in delivering high-value Digital Solution Services.
The Road Ahead: Scaling Innovation Across Asia
Mr. Panayu Sirikrachangsri (CEO, TBN) emphasized that the mai listing marks a pivotal moment for the company’s expansion. With the raised capital, TBN is ready to accelerate its software development capabilities—leveraging both Low-Code and High-Code technologies. The goal is to establish TBN as the most acclaimed Digital Solutions provider in Asia, driving sustainable business transformation for enterprises across the region.