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The SEC amends the IPO reporting rules to improve investors’ decision-making

Monday 4 March 2024 | No. 49 / 2024

Bangkok, 4 March 2024 – The Securities and Exchange Commission (SEC) amended its Notification concerning the reporting of initial public offering shares (IPO shares) results with the aim to list the shares in the Stock Exchange of Thailand. These amendments aim to allow investors to access into critical information prior to making investment decision on the first trading day of the IPO shares. The amended notification took effect from 1 March 2024 onward.

The SEC made amendments to the regulations governing the reporting of the IPO shares results, aiming to enhance investor access into critical information and be useful for investors’ decision-making (disclosure-based) for timely information disclosure without imposing an undue burden on the issuer. The amended regulations are summarized in the following details.

  1. In addition to the existing requirements for reporting the IPO shares results (Form 81-1-IPO), the issuer shall submit a supplemental report (81-1 Short-Form) to the SEC Office. The report shall include two (2) parts of information: 1) The shareholders after the IPO such as the number of shares and proportion of the shareholding after IPO, including the number of shares that are prohibited from selling under the locked-up requirements; and 2) the first 40 most allocated recipients of IPO shares, the number of allocated shares and the proportion of the allocations made compared to the total offering and the sources of the allocations.

2. The 81-1 Short-Form report of the shares offering results must be submitted at least two (2) business days prior to the first trading day of the shares or within 30 days after the closing date of the offering, whichever is earlier. The information shall reported through the Stock Exchange of Thailand’s electronic system. Then, it is considered to have been reported to the SEC. (This is the same channel for submission of the current Form 81-1-IPO.)

The related Notification* has been published in the Royal Gazette and came into effect on 1 March 2024 onward. It applies to companies that submit effective securities offering registration forms (filing effective) after the effective date. 



*The Notification of the Securities and Exchange Commission No. SorJor. 3/2567 Re: Reporting of Public Offering Securities Results (Volume 5) dated 22 February 2024 

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