Dohome Public Company Limited (DOHOME) has submitted an application for selling IPO 465 million shares, or a 25% stake to the Stock Exchange of Thailand (SET). The IPO will also be offered to overseas institutional investors which price will be fixed on July 23. According to the offering IPO, DOHOME expects to use the money from selling IPO for business expansion.
DOHOME a provider of construction materials also furniture and home-decoration items which currently has 9 branches in Ubon Ratchathani, Nakhon Ratcha-sima, Khon Kaen, Udon Thani, Rama II, Bang Bua Thong, Rangsit Klong 7, Chiang Mai and Bangna.
Furthermore, DOHOME plans to open 7 more large stores over the next 3 years, while an additional 90 small branches located in department stores or supermarkets will also be opened during the period.
The first quarter 2019 of DOHOME presented a net income of THB 246.7 million, compared to the previous year 2018 of THB 185.6 million, and the first quarter revenue presented THB 4.98 billion, compared to the previous year 2018 of THB 4.94 billion.