On April 7, the Thai Stock Exchange (SET) will list manufacturers of JD Food pcl – food seasoning, sauce and snack filling, dehydrated food products, coconut chips and instant soup, under the ticker symbol “JDF”.
The company’s initial public offering (IPO) has a market capitalization of 1.56 billion THB (approximately USD 46.84 million).
SET Senior Executive Vice President Manpong Senarang said the JDF would list the agro and food industry group, listed in the SET in the food and beverage sector, and start business.
JDF produces food seasoning, sauces and fillings and dehydrated food products on a one-stop, made-to-order basis, as a cooking ingredient for customers in the food manufacturing industry and restaurant business.
The company is an original equipment manufacturer (OEM) of coconut chips for customers of food industry groups in other countries. In addition, JDF produces and distributes products under its own brand, including seasoning shake powder and bakery fillings under the “OK” brand, curry seasoning and instant Thai food under the “Kin D” brand, coconut chips under the “CrispConnet” and “Little” Instant soup without monosodium glutamate under the Monkey “brand, as well as the” Good Eats “brand.
JDF has a registered paid up capital of 300 million THB, of which 450 are
Million existing ordinary shares and 150 million newly issued shares, each valued at 0.50 THB. The company offered new shares to the public through IPO between March 29-31 at 2.60 THB each, for a total of 390 million THB.
The IPO price is equivalent to 25.78 times the price-to-earnings ratio (P / E ratio). Capital One Partners Co., Ltd. Financial Advisor and Globlex Securities Co., Ltd. Chief underwriter.
JDF CEO Ratana Eiprasartsok said the company has more than 30 years of experience and expertise in the food industry, with food businesses, large restaurants and small and medium-sized enterprises (SMEs) serving more than 300 customers. .
The company has a team of Food Science Research and Development (R&D) that enables customers to create or adjust recipes to meet their needs and unique needs.
The team has created over 2,000 flavors that could be considered the competitive edge of the JDF.
The company is ready to support the further growth prospects of Kovid-19 in terms of a new plant that meets international standards for increasing production capacity and advancing as a leading recipe developer and food condiment manufacturer in the country.
Fundraising and listing of the company will strengthen the financial position and the ability to expand the business. The IPO funds will be used to expand international marketing channels, invest in research and development, and provide technology for new products at the growth stage, repayment of loans to financial institutions, and working capital.
JDF’s dividend policy is not less than 50% of the total profit from the company’s individual financial statements after deducting corporate income tax and other reserves.
However, the payment of dividends depends on the company’s performance, financial condition, liquidity, investment and future business expansion plans, market conditions, suitability and other relevant factors.
Large shareholders of JDF after IPO
1) Hosajakul family and
2) Ratna herself who is the co-founder of the company. Both own 75% of the lion’s share
For more information on JDF, please see the Company’s prospectus on the Securities and Exchange Commission’s website at www.sec.or.th.