SEI opens trading on the first day on mai, soars above the reservation price by 141.94%

SEI opened its first day of trading on the mai at 7.50 baht, up from its IPO price of 3.10 baht, an increase of 4.40 baht or 141.94%. Mr. Prapan Charoenprawat, Market for Alternative Investment (mai) President and Mr. Kan Punyacharoensin, Chief Executive Officer of SEI Medical PCL, along with executives, joined the opening ceremony of the first day of trading on the mai of SEI Medical PCL under the Consumer Products Industry Group, using the abbreviation 'SEI' for trading securities. The first day of trading opened at 7.50 baht, up from its IPO price of 3.10 baht, an increase of 4.40 baht or 141.94%. SEI operates as a distributor and service provider of medical equipment. The company procures medical and scientific equipment from 18 leading manufacturers from 11 countries. The products are divided into 5 groups: endoscopes, newborn products, beauty products, surgery products, and scientific equipment and tools. The target customers are government hospitals, medical education institutes, private hospitals, clinics, etc. The IPO price is 3.10 baht, with an IPO offering value of 155 million baht. The value of the securities at the IPO price is 527 million baht. The price-to-earnings ratio (P/E Ratio) is 19.64 times. The money raised from the fundraising will be used as working capital to expand the business, as well as to increase potential and competitiveness, such as working capital to purchase medical equipment and devices, to expand the consumables business, and to jointly invest in other companies engaged in the medical business, which may include specialized clinics or hospitals. Source: Thai News Agency