IFS Capital (Thailand) Plc (IFS) set price range of its common shares for an initial public offering at 1.0 to 2.0 baht a share, financial advisor KT Zmico Plc unveiled.

The company has yet to decide the date for its shares reservation, which could be either September 29 through 30 or August 2 through 4, according to people involved with the matter.

“The IPO date is not yet clear, but the enlisted date is pre-determined at August 11 ahead of the market long holiday period,” the news source said.

IFS will sell 120 million common shares at the event.

The company provides cash flow solutions service to manufacturer customers such as account receivable and account payable funding at both local and international markets.