Thai Life Insurance Public Company Limited (TLI) has priced its initial offering price at THB16.00 per share with an offering not exceeding 37 billion baht including 161 million shares of greenshoe options. The offering will be available for subscription from 29 June – 14 July 2022.
The company is expected to enter the SET50 Index in a fast-track measure due to its large market capitalization.
The total offering will not exceed 18.8% of total issued and paid-up shares of the company after this offering.
Among cornerstone investors, 60% will be local and 40% will be foreign. Overall, institution accounts to 68% and retail accounts to 32%.
The company will use the IPO funds for digital transformation and marketing and to strengthen capital.
TLI will be the largest IPO so far this year.