Beyond Securities Public Company Limited (BYD) signed IPO Joint Distribution Agreement “NL”

Kitiwat Akrangsi, Co-Chief Executive Officer (Product and Investment Division), Beyond Securities Public Company Limited “BYD” has participated in the contract signing ceremony as a co-underwriter of common stocks of NL Development Public Company Limited “NL”

With an initial public offering (IPO) of 130 million shares at par value of 1.00 baht at the offering price of 2.60 baht per share. The IPO subscription starts on 12-14 February 2024. It is expected to be listed on The Stock Exchange of Thailand (SET) under the Property & Construction (PROPCON) business category under the securities abbreviation “NL” soon.

NL Development Public Company Limited operates a comprehensive constructing business, providing survey services, design and building construction. This includes structural work, architecture work and building assembly systems (Mechanical & Electrical: M&E) from government agencies, state enterprises and other types of government agencies, including private agencies as direct contractors (main contractor) by bidding method or negotiating directly with the employer. In addition, the company has also used BIM (Building Information Modeling) technology to disassemble each stage of construction, which makes analysis, design control and construction in high quality and efficient.

With more than 40 years of experience, NL company has various types of work, in which some types of buildings or building styles require construction techniques and special expertise. The company’s construction work can be classified into 5 types: 1. Hospitals, 2. Office and Commercial Buildings, 3. Residential Buildings, 4. Special Buildings 5. Other construction work that has a different purpose than other types of project work, such as factories, warehouses, roads and dams.