MAGURO Prices IPO at THB15.90, Expecting to Trade in Thai Stock Exchange in Early June

MAGURO Group Public Company Limited has set a total of 34.06 million shares of initial public offerings (IPO), with a par value of THB 0.50 per share and a share price of THB 15.90 per share. The IPO will be available for subscription on 28-30 May 2024, and begin its first trading in the mai index, within the AGRO category, on 5 June 2024, with the symbol ‘MAGURO’.

MAGURO is a restaurant business with remarkable growth, following the strong base of the company. Its brand portfolio began with a 9-year-long standing ‘MAGURO’, a premium Japanese restaurant, followed by the development of two more brands, including  ‘SSAMTHING TOGETHER’ and ‘HITORI SHABU’.

The three brands of the company were known for their quality and flavors, making for a strong client base with more than 500,000 followers on social media and more than 145,000 members. In 2023, the company generated 54.36% of its revenue from this client base, giving it a consistent income and growing a strong bond for potential future branding.

In addition, MAGURO reported an average growth of 64.91% and 96.38% annually in 2021-2023, respectively, from the establishment of new branches and same-store sales growth. Thus, the company plans to open 11 more branches, accumulating a total of 36 branches by the end of 2024 and suggesting a leap in its business growth.