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TBN’s stock soared above the offering price. It closed the first day of trading increasing by 147.06% from the IPO price of 17 baht.

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On 19 June 2023, TBN entered the trading market with its stock price soaring above the offering price. This was due to investor confidence in the business, aiming for a 40% growth in revenue in fiscal year 2023, in line with the software market industry of Low-code solutions and customer expansion plans, supporting consistent good performance.

Mr. Panayu Sirikrachangsri, CEO of TBN Corporation Limited, revealed that the company was pleased with the stock’s debut on the mai and the strong market opening. He expressed gratitude to the investors who had faith in the business, and the company will remain dedicated to continuous development and growth.

This year, the company has set a revenue target of 450-460 million baht, representing a 40% growth from the previous year. The factors contributing to this growth include the expansion of the Low-code software market industry and customer group expansion. Additionally, the company’s recurring income accounts for over 50% of the total income. As of the end of the first quarter of 2023, the company had a backlog of approximately 300 million baht in projects, which will generate revenue in the current year and in 2024.

The company is prepared to utilize the raised capital of 425 million baht for working capital in business expansion, including enhancing competitiveness and capacity, as well as building additional IT personnel. Furthermore, in collaboration with the Digital Economy Promotion Agency (depa) and Kasetsart University, Sriracha Campus, TBN is actively promoting and supporting the development of digital industry personnel and digital skill development through the “TBN Mendix Academy” project, with a goal of creating an additional 1,000 personnel by 2026 to meet the growing opportunities in the technology market.

For long-term business plans, the company continues to explore other technologies to develop new solutions and increase sales in existing customer groups, while also seeking potential high-potential new customers such as industrial factory groups.

The first day of trading closed at a price of 42 baht, a 147.06% increase from the IPO price of 17 baht, with a large transaction of 9.5 million shares at an average price of 20.75 baht per share, totaling 197 million baht.

News reports highlighted the stock price movement, stating that TBN Corporation Limited (public company) or TBN closed the first day of trading at 42 baht, a 147.06% increase or 25 baht from the IPO price of 17 baht. The trading value amounted to 2.379 billion baht, with the highest price reaching 45.25 baht and the lowest at 24.90 baht. In addition, there were significant transactions on the board (block trades) with 7 listings totaling 9.5 million shares at an average price of 20.75 baht per share, with a total value of 197.12 million baht.

TBN

TBN

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TBN executive board

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Khun Panayu Sirikrachangsri

Khun Panayu Sirikrachangsri

Khun Panayu Sirikrachangsri

TBN team

TBN team

TBN team

TBN team

TBN team

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