BANGKOK, The Stock Exchange of Thailand (SET) will list
Aurora Design pcl, a leading gold ornaments retailer under the brand “AURORA”,
on November 29, under the ticker symbol “AURA”. The company has a market
capitalization at its initial public offering (IPO) of THB14.54 billion (approx.
USD 403.89 million).
SET Senior Executive Vice President Manpong Senanarong said that AURA will be
listed and start trading on SET in the Consumer Products industry group, Fashion
sector.
AURA operates a one-stop retail gold jewelry, diamond jewelry and gem, and other
related businesses, including repurchase service of gold and jewelry containing
gold and diamond under five company brands: AURORA, Seng Heng, Thong Ma Ngern
Pai, Khongkwan by AURORA, and AURORA Diamond. As of June 30, 2022, the company
has a network of 265 branches across the country. It plans to expand its branch
and associated business line by optimizing the branch efficiency and leveraging
the Big Data for strategic planning and new product and service launch in the
future.
AURA has a paid-up capital of THB1.33 billion, consisting of 1 billion existing
common shares and 334 million newly issued shares, with a par value of THB1.0
each. It offered newly issued shares to individuals at the underwriters’
discretion, institutional investors, the company’s patrons, connected persons,
and the company’s and subsidiary’s employees during November 21-23, 2022 at
THB10.90 each, for a total of THB3.64 billion. Kasikorn Securities pcl is the
financial advisor and lead underwriter.
AURA Chief Executive Officer Aniwat Srirungthum said AURA has been in the
jewelry market for almost 50 years and aims to be a leader in delivering
valuable gifts, to create awareness of AURORA brand, and rank no. 1 spot in
repurchase service. The proceeds from the fundraising will be used to expand the
gold retail shops and other business lines in all key provinces nationwide. The
company plans to expand to 409 branches and grow its repurchase business to
THB3.85 billion by 2024.
AURA’s major shareholder after the IPO is the Srirungthum family (61.99
percent).
AURA’s dividend policy is to pay no less than 50 percent of net profit based on
its separate financial statements after corporate income tax, and other reserves
required by law and the company’s regulations. The dividend payout is subject
to change, depending on the firm’s financial position, investment plan and other
related factors.
Source: The Stock Exchange of Thailand
