Electrical conduit maker outlines year-end IPO on MAI | Bangkok Post: business

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Electrical conduit maker outlines year-end IPO on MAI

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Arrow Syndicate Plc, a top-three player in the domestic electrical conduit market, will be the last newly listed company on the Market for Alternative Investment (MAI) this year, with first-day trading set for Dec 25. 

The company plans to float 45 million shares for the public and 5 million shares for management and employees. The IPO price is expected at five to six baht a share with a par value of one baht, and the subscription period is Dec 15-17.

Phillip Securities is the financial adviser and lead underwriter.

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