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 The shares account for 30 per cent of paid-up capital. The proceeds will be used to expand its steel business and increase working capital. Adkinson Securities is its financial advisor.

 The company involves with steel sheet, pipe and C-shaped tubes manufacturing. It also trades steel products.

 In the first six months of 2008, its sale revenue reached Bt1.8 billion. Its net profit  in the second quarter was Bt203 million, or 11.18 per cent of net sales.

 The Pitisongsawat family is the largest shareholder, holding 15.64 per cent. After the IPO, the stake would fall to 10.95 per cent.