PMC opens first day of trading on mai above reservation by 24.18%

PMC Label Materials PCL, a business that manufactures and distributes blank sticker products or adhesive labels for both domestic and international customers, began trading on the Market for Alternative Investment (MAI) today, using the abbreviation 'PMC'. The first day of trading opened at 2.26 baht from the IPO price of 1.82 baht, an increase of 0.44 baht or 24.18%. PMC is a subsidiary of SELIC Corp. Public Company Limited (SELIC). It operates a business in manufacturing and distributing sticker products or adhesive labels, which are upstream products consisting of 3 main groups: paper stickers, film stickers, and special stickers. The products are distributed mainly to customers in the label printing business (Printers) and label manufacturers (Converters). The domestic: international sales ratio is approximately 65:35 percent, with exports to more than 15 countries worldwide. The IPO price of 1.82 baht is equivalent to an IPO offering value of 210.60 million baht, with a securities value at the IPO pri ce of 702 million baht. The money raised from the fundraising will be invested in a new production line and repayment of loans from financial institutions, and investment in expanding distribution centers in countries in the ASEAN region, such as Indonesia and Vietnam. Source: Thai News Agency