Tap Water Supply (TTW) IPO Review

One more IPO in the Thailand market, this time it is from the utility sector. Like the American Water Works IPO (Read Review) the Thai utility firm Tap Water Supply (TTW) is planning to come out with its IPO or initial public offering, to sell its shares through the book building process in the primary markets.

When will the Tap Water Supply (TTW) open for IPO subscription?
The Tap Water Supply (TTW) IPO will open in may 2008.

How much stake will be sold through the Tap Water Supply (TTW) IPO?
Around 25% os the company’s stake will be sold through the Tap Water Supply (TTW) IPO.

How many shares will be sold through the Tap Water Supply (TTW) IPO?
Around 1 billion shares, which will include 700 million new shares and 300 million shares of existing shareholders.

How much capital would be raised from the Tap Water Supply (TTW) IPO?
As per the estimates, the Tap Water Supply (TTW) IPO could raise around 3 to 4 billion Thai Bhat or (95 to 125 million USD)

Where will the Tap Water Supply (TTW) IPO proceeds be used?
The purpose of the Tap Water Supply (TTW) IPO is to use the capital raised to repay the debts.

Where does the business valuation of Tap Water Supply (TTW) stand right now?
TTW, majority-owned by construction firm Ch Karnchang CK.BK, would conclude the IPO price range by the end of this week.

Related: Esso IPO Review

TTW has a 30-year contract to supply tap water to Nakhon Pathom and Samut Sakorn provinces near Bangkok. Subsidiary Pathum Thani Water has a 25-year contract to supply tap water to Pathum Thani province, north of the capital.

Let’s see how this Tap Water Supply (TTW) IPO performs in the Thai stock markets.

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