mai welcomes listing of digital transformation consulting firm "IDG" on October 24

IDG provides a full-service digital system design and development services, as well as consulting on digital and AI transformation, inclusive of developing customized solutions using cutting-edge technology. The company has been appointed as a business partner of Microsoft Corporation, a leading world-class company, with expertise in state-of-the-art software products such as Microsoft 365, Microsoft Azure, Adobe Cloud, and Nintex. In addition, the company has also developed proprietary software to support a variety of customer applications, consisting of the WORK+, BIZ+, LIFE+, and 365+ product groups. The company's customers are mainly large, leading organizations in both the public and private sectors, covering various industries, such as financial institutions, technology, healthcare, and food & beverage industry groups, etc. For the first six months of 2025, the ratio of the company's revenue from software sales : digital system development services : systems & software maintenance services : other services recorded at 29%:29%:19%:23%, respectively.

IDG has a paid-up capital of THB 50 million (approximately USD 1.53 million), with a par value of THB 0.50 per share. The company offered 28 million newly issued ordinary shares to the public. Of these IPO shares, at least 21 million shares were offered to subscribers at the underwriters' discretion, up to 4.2 million shares to the company's patrons, and up to 2.8 million shares to employees who are not directors or executives of the company, from October 15-17, 2025, at THB 3.00 per share, totaling THB 84 million, with the IPO market capitalization of THB 300 million. The IPO valuation reflects the price-to-earnings (P/E) ratio of approximately 17.65 times with the earnings per share of THB 0.17, calculated from the company's net profit over the last four quarters (from July 1, 2024, to June 30, 2025), totaling THB 16.97 million, divided by fully diluted shares. UOB Kay Hian Securities (Thailand) pcl is the financial advisor and lead underwriter.

IDG Chief Executive Officer Withan Chuacharoensiri stated that the company has over 25 years of experience in providing consulting services and system development using world-class technology, significantly being recognized as a Microsoft Gold Certified Partner since 2006. The company's team of experts is well-versed in Microsoft products with capabilities to develop products that meet business needs, earning recognition and trust from leading corporate customers in Thailand. The fundraising will be used for product research and development or R&D, office expansion, digital business service center enhancement, and as working capital.

IDG's major shareholders after the IPO are ICBG Co., Ltd. (a legal entity of the Chuacharoensiri family 28.80 percent), Withan Chuacharoensiri (24.91 percent), Worapan Chuacharoensiri (13.97 percent), and Woranee Chuacharoensiri (4.32 percent). The company's dividend policy is to pay shareholders a minimum of 40% of net profit according to the financial statements after all legally mandated reserves, and as specified in the company's articles of association.

For more information on IDG, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th. For IDG company profile and general information, please visit www.indigy.com and www.set.or.th.

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