Bangkok-based ready-to-wear fashion company Jaspal is preparing for an initial public providing (IPO) on the Stock Exchange of Thailand (SET) as it seeks funding to additional develop its style and way of life ventures.
Jaspal recently submitted a proposal for the itemizing, providing as much as 156 million shares, representing not more than 26% of the firm’s paid-up capital, to the Securities and Exchange Commission (SEC). To assist with the Jaspal IPO, the company has enlisted the assistance of economic advisor Kasikorn Securities (KS).
KS deputy managing director Thinnaphan Wanglee confirmed that the Jaspal IPO listing application and draft prospectus are presently under evaluate by each the SEC and the SET.
At the helm of the business, Jaspal CEO Charan Singhsachathet said that the company and its subsidiaries create and distribute a selection of fashion and life-style products. The products vary from Jaspal’s in-house creations to franchised and imported brands that have gained reputation amongst clients worldwide.
The Jaspal group houses 19 brands, corresponding to Jaspal, Misty Mynx, CC Double O, CPS Chaps, Lyn, Lyn Around, Fred Perry, Diesel, and Superdry. Currently, the corporate provides over 113,000 stock-keeping items (SKUs) that includes gadgets like clothes, jewelry, footwear, baggage, cosmetics, and eyeglasses.
Furthermore, Jaspal features as a producer and distributor of mattresses, bedding, house furnishings, and furnishings underneath six totally different in-house and imported labels, with over 21,500 SKUs obtainable. Confessions include Santas, Santas Home, Stevens, Sealy, Tempur, and Ethan Allen.
According to Charan, Jaspal represents a number one organisation in the Thai fashion enterprise and other ASEAN markets. He explained that the company holds a dominant market share inside the specialised clothing and footwear sector at house, as cited in a report by Euromonitor International. With greater than 70 years of expertise, Jaspal has established itself within the style industry from upstream to downstream operations, reported Bangkok Post..