Ngern Tid Lor Public Company Limited debuts its shares, TIDLOR, in the Stock Exchange of Thailand today. An IPO of TIDLOR has become the largest IPO ever in the Finance and Securities Sector in Thailand as well as one of the top five largest equity IPOs in the history of the Thai equity capital market, with the total offering size of THB 38,089 million (including an overallotment option) and the market capitalisation at the IPO price of THB 84,643 million, demonstrating Ngern Tid Lor's strong fundamentals as the leading vehicle title loan provider and top 3 retail-focused insurance broker with rapid growth. Driven by technological innovations and omni-channel distribution platform, Ngern Tid Lor is ready to take its success in listing in the SET to another level by expanding its network of branches and boosting efficiency. The company plans to continue to invest in improving technological and digital platforms in order to maintain its leadership status and create sustainable growth opportunities. Stabilisation activities will be in place for a period of no more than 30 days after the first trading date to support stability of the share price in the secondary market.

Mr. Piyasak Ukritnukun, Managing Director of Ngern Tid Lor PCL, states that the TIDLOR shares will make its debut in the SET today (May 10, 2021). "This is a very important day for Ngern Tid Lor, and we are honored to join the stock exchange of Thailand. Ngern Tid Lor is one of Thailand's leading financial inclusion companies in the fragmented title loan and general insurance brokerage businesses, we are on a mission to help promote sustainable economic development by helping people gain access to fair, responsible, and transparent financial products and services. Our rapid growth has been driven by our strong corporate culture, unique omni-channel, distribution platform, reputable brand, and innovative products and services."

Ngern Tid Lor's IPO is the largest IPO ever in the Finance and Securities Sector in Thailand as well as one of the top five largest equity IPOs in the history of the Thai equity capital market, with the total offering size of THB 38,089 million (including an overallotment option) and the market capitalization at the IPO price of THB 84,643 million. TIDLOR IPO had received an overwhelming interest from broad range of investors, from leading Thai and global institutional investors to Thai general public retail investors, reflecting investors’ confidence in Ngern Tid Lor’s strong fundamentals and potential for a sustainable growth in the future.

Ngern Tid Lor's mission is to provide access to fair, transparent and responsible financial services for financial betterment by offering relevant products and services that are simple to understand, convenient and fast through our committed employees. The unique business model, combining financial services expertise, purpose-built technology and data analytics capabilities to effectively offer the right products for our target customer via omni-channel distributions of 1,076 branches in 74 provinces, with a customer referral network comprises of 638 branches of Krungsri Bank, 5,132 representatives, 491 second-hand truck sales representatives, and 519 phone sales representatives. Our customer acquisition from physical channels is further supplemented by online channels ranging from Ngern Tid Lor website, application and Facebook, and TIDLOR Connect to fulfil the existing gaps and provide further access to financial services for citizens in Thailand.

The company's performance during 2018-2020 demonstrated strong track record of consistent growth and profitability, generating THB 7,569.4 million, THB 9,457.9 million, and THB 10,558.9 million of revenues respectively and net profits of THB 1,306.2 million, THB 2,201.7 million, and THB 2,416.1 million respectively. Gross loans balance between 2018-2020 stood at THB 39,724.1 million, THB 47,979.4 million, and THB 51,331.2 million respectively, while the premiums of non-life insurance collected at end of year amounted of THB 1,917.7 million, THB 2,854.3 million, and THB 4,010.9 million respectively. Ngern Tid Lor has achieved outstanding risk management outcomes, delivering a rate of Non-Performing Loans to Total Loans of 1.7% along with Coverage ratio of 325.1% as of 31 December 2020.

Following its listing in the SET, Ngern Tid Lor is determined to maintain its leadership in the vehicle title loan business and to strive for the leading position in insurance brokerage business in the future. To achieve such goals, the company will use the money from IPO to expand our lending and insurance brokerage business. Ngern Tid Lor plans to improve existing branches and expand 500 new branches by 2023 to provide wider coverage, invest and develop the IT system and digital transformation to strengthen business operations, uses part of the raised funds for working capital as well as capital restructuring in anticipation of a steady and sustained growth in the future.

"Our fundraising through the IPO will enable Ngern Tid Lor to boost our potential for sustainable growth, strengthen our financial status, continue our investment in digital transformation and platform-building" says Mr. Piyasak.

"Following our listing in the SET, Ngern Tid Lor is determined to be one of the leading quality listed companies under the principle of creating fair transparent and responsible financial opportunities for every Thai individual, while continuing to deliver steady and sustainable growth for the utmost benefits of our shareholders and all stakeholders."