Bangkok — Jan29 Co., Ltd. (Public), a comprehensive event management and marketing communications provider for the public sector and state enterprises, has revised its IPO plan in line with current market conditions, targeting a listing on the Market for Alternative Investment (mai) in early 2026.
Mr. Phachara Sunthornwiphat, CEO, said the Company has strengthened its business structure, accounting systems, and internal controls to meet SEC and SET requirements, reinforcing investor confidence and long-term growth.
Jan29 meets mai listing qualifications. Since 2023, it has adopted PAEs standards and is audited by DIA International Co., Ltd., with stable revenue mainly from government projects.
Revenue grew from THB 343.07 million in 2022 to THB 398.78 million in 2023 (+16.24%). In 2024, revenue was THB 360.47 million (-9.61%) due to political factors and delayed government budgets, while net profit rose 8.97% to THB 32.34 million following expansion into private-sector clients.
In 2025, secured government projects exceed THB 400 million. Accumulated net profit for 2022–2024 totaled THB 68.19 million, with shareholders’ equity of THB 81.44 million and a backlog over THB 400 million.
With Thailand’s event industry projected to reach THB 14–15 billion in 2025, Jan29 increased registered capital to THB 100 million and plans an IPO of up to 60 million shares (30%).
IPO proceeds will support working capital and expansion under “Innovation, Entertainment & Experience,” including concerts, festivals, world-class events, and MarTech services.
“Listing on the mai will enhance transparency and corporate standards, supporting our goal of THB 1 billion revenue by 2026–2027,” Mr. Phachara said.
