Frontline Engineering to debut on mai stock exchange in September

Frontline Engineering Public Company Limited (FLE) is scheduled to begin trading on the Market for Alternative Investment (mai) on September 1, 2026. The company operates within the industrial goods sector, specializing in the procurement, sale, and rental of water pumps and related equipment.

FLE utilizes international standard products and maintains its own house brands, ‘HYLIC’ and ‘ANACONDA’. The company provides comprehensive services, including electrical and mechanical system contracting. Its primary client base consists of government agencies, such as the Royal Irrigation Department and the Department of Groundwater Resources, accounting for 86% of its revenue.

Proceeds from the Initial Public Offering (IPO) will be used to invest in machinery for the water pump rental business, expand factory production capacity, settle debts, and provide working capital. The IPO involves the sale of 100 million shares at 1.23 Baht per share, totaling 123 million Baht.