Kudun and Partners represented T.R.V. Rubber Products Public Company Limited — one of the leaders in manufacturing and distributing of molded rubber products for automotive and electrical appliances — with respect to its initial public offering (IPO) on the Market for Alternative Investment (MAI), an alternative stock market for small and medium-sized enterprises, with a market capitalization of THB 483 million (approx. USD 14.31 million). On the first day of trading, the company received a 105.22% increase in its IPO subscription price from THB 2.30 per share to THB 4.72 per share.
Kingsford Securities Public Company Limited and UOB Kay Hian Securities (Thailand) Public Company Limited acted as the underwriters and Pioneer Advisory Company Limited as its financial advisor.
The transaction was led by Kom Vachiravarakarn, a partner of the firm together with associates; Tanutchaya Piyapichanpong and Panissara Kamthornkittikul.