FLE to debut on mai on September 1 after IPO fully subscribed at 100 million shares

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Summary · why it matters

FLE, a specialist in integrated water management systems with over 80% of its main clients being government agencies and state enterprises such as the Royal Irrigation Department, the Department of Groundwater Resources, and the Provincial Waterworks Authority, is set to start trading on the Market for Alternative Investment (mai) on September 1, following the full subscription of its 100 million IPO shares. Leading analysts have assessed the appropriate price for FLE shares at between 2.00 and 2.26 baht per share. Meanwhile, existing shareholders have unanimously agreed to a 100% lock-up of their shares, reflecting confidence in the business's potential and long-term growth opportunities. Additionally, DPAINT has announced the success of its rights offering of additional ordinary shares, raising approximately 137.24 million baht, which will be used for investment and to bolster liquidity according to its business plan, while expanding opportunities into the real estate business, highlighting The City Phuket as one of the avenues for business expansion, generating new revenue, aiming to recover operational performance and drive toward a turnaround. PANEL is also moving forward to create a new S-Curve by expanding into the data center and electronics industries, as well as placing greater emphasis on specialized work for hospitals, with contracts for operating room doors and automatic doors from large hospitals expected to be signed gradually, boosting revenue in 2026 to 220 million baht, a new record high.

Impact on assets 2

Industrials▲ · 1 stocks
Materials▲ · 1 stocks
Delta Paint PCL
DPAINT
▲ PositiveCapitalrelevance

Rights offering raised funds for investment and liquidity, supporting business expansion.

Off-coverage companies 1

Frontline EngineeringPrivate▲ Positive
Capitalrelevance

IPO fully subscribed and shares to debut on mai, with analysts valuing shares at 2.00-2.26 baht.

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