King Telecom Co, a supplier and service provider for computer and telecommunications equipment, plans to seek a listing on the Market for Alternative Investment next year.
It expects to submit an initial public offering (IPO) filing to the Securities and Exchange Commission by mid-2016, with a share offering later in the year, chairman Seree Julasaksrisakul said.
The company is seen as having high growth potential, as telecommunications is a basic infrastructure.
AEC Securities is acting as the financial adviser for the IPO.
King Telecom is owned by the Julasaksrisakul family. With registered capital of 100 million baht, it achieved revenue of 730 million baht for a net profit of 70 million in its fiscal 2014 ended April 30.
"We expect annual revenue will grow to 3 billion baht in the next three years," managing director Tavee Julasaksrisakul said.
Fibre-optic network installation contributes 50-60% of King Telecom's revenue, telecommunications and IT equipment 10% and systems integration the rest.
Mr Tavee said the company would focus more on telecom equipment supply and systems integration to capitalise on growing demand from mobile operators expanding their networks.
The company recently won a bid to install a fibre-optic network on Koh Chang in Trat province.
King Telecom is one of five core units of the Julasaksrisakul family, the others being real estate, plastic bag manufacturing, financial services, and retail and distribution.
Pattida Julasaksrisakul, King Telecom's chief financial officer, said plastic-bag maker King Pac Industrial Co, a sister company of King Telecom, would likely be next in the group to seek a bourse listing.
The company, with registered capital of 500 million baht, plans to list on the Stock Exchange of Thailand sometime after King Telecom's MAI listing, she said.