The company has a market capitalisation following its initial public offering (IPO) of Bt380 million.

MAI president Prapan Charoenprawatt on Monday said M Vision would list and start trading on the secondary’s market’s Services industry group.

Besides organising the triannual “Thailand Mobile EXPO” trade show for mobile phones and other technological products since 2007, M Vision organises other big events covering sports and tourism, as well as seminars.

The company has a registered paid-up capital of Bt100 million, consisting of 130 million existing common shares and 70 million newly issued shares, with a par value of Bt0.50 each. It offered the entire newly issued shares to the general public via its IPO from July 31 to August 2 at Bt1.90 apiece, for a total of Bt133 million.

Asset Pro Management is its financial adviser, while Capital Nomura Securities is the lead underwriter.

M Vision’s four major shareholders after the IPO are the Cherdpunt family (20.8 per cent), Tharathorn Yuangbhandith (16.9 per cent), Teerawat Suwanphinij (13.65 per cent) and Sathit Phawasutthiphan (13.65 per cent).

The IPO price was equivalent to a price-to-earnings ratio of 15.83 times, calculated by using the company’s net profit for the period from April 1, 2017 to March 31, 2018, amounting to Bt24.49 million, divided by fully diluted shares, representing earnings per share of Bt0.12.

The company’s dividend policy is to pay no less than 40 per cent of net profit after corporate income tax and legal reserves.