Reference
·Primary source
SET and mai IPO fundraising — annual total
~THB 30–60B/yr (varies by cycle)
Primary-market fundraising via IPOs on the SET main board and the mai (Market for Alternative Investment) alternative market varies significantly by year and macro cycle. In active years (2021–2022 post-COVID recovery), combined IPO proceeds reached THB 50–60 billion; in softer markets (2023), proceeds moderated to THB 30–40 billion. The mai board, targeted at small-to-mid-cap Thai companies, has seen strong growth in listings from healthcare, agribusiness, and technology issuers. The SEC's filing and approval process typically takes 6–12 months from the submission of a filing draft. Large IPOs from state-owned enterprises (SOEs such as SCGJWD, BGRIM) tend to dominate headline fundraising in strong years, while SME listings on mai drive transaction count.
Figure in context
Primary-market fundraising via IPOs on the SET main board and the mai (Market for Alternative Investment) alternative market varies significantly by year and macro cycle. In active years (2021–2022 post-COVID recovery), combined IPO proceeds reached THB 50–60 billion; in softer markets (2023), proceeds moderated to THB 30–40 billion. The mai board, targeted at small-to-mid-cap Thai companies, has seen strong growth in listings from healthcare, agribusiness, and technology issuers. The SEC's filing and approval process typically takes 6–12 months from the submission of a filing draft. Large IPOs from state-owned enterprises (SOEs such as SCGJWD, BGRIM) tend to dominate headline fundraising in strong years, while SME listings on mai drive transaction count.
Primary-market fundraising via IPOs on the SET main board and the mai (Market for Alternative Investment) alternative market varies significantly by year and macro cycle. In active years (2021–2022 post-COVID recovery), combined IPO proceeds reached THB 50–60 billion; in softer markets (2023), proceeds moderated to THB 30–40 billion. The mai board, targeted at small-to-mid-cap Thai companies, has seen strong growth in listings from healthcare, agribusiness, and technology issuers. The SEC's filing and approval process typically takes 6–12 months from the submission of a filing draft. Large IPOs from state-owned enterprises (SOEs such as SCGJWD, BGRIM) tend to dominate headline fundraising in strong years, while SME listings on mai drive transaction count.
Time scope
FY2023
Source basis
Primary source
Interpretation notes
What this tells you
Primary-market fundraising via IPOs on the SET main board and the mai (Market for Alternative Investment) alternative market varies significantly by year and macro cycle. In active years (2021–2022 post-COVID recovery), combined IPO proceeds reached THB 50–60 billion; in softer markets (2023), proceeds moderated to THB 30–40 billion. The mai board, targeted at small-to-mid-cap Thai companies, has seen strong growth in listings from healthcare, agribusiness, and technology issuers. The SEC's filing and approval process typically takes 6–12 months from the submission of a filing draft. Large IPOs from state-owned enterprises (SOEs such as SCGJWD, BGRIM) tend to dominate headline fundraising in strong years, while SME listings on mai drive transaction count.
What not to do with it
Use the linked report for interpretation and keep basis differences explicit.
Related figures
Adjacent numbers that add context without drowning the value.
Stock Exchange of Thailand — total market capitalisation
Stock Exchange of Thailand, SEC Thailand annual report
Top-3 Thai securities brokers — combined market-share of equity turnover
Association of Securities Companies, SET monthly turnover statistics
Foreign investor ownership of SET free float
SET investor-type statistics, Bank of Thailand capital-flow data
mai (Market for Alternative Investment) — total listed companies
SET Listed Company database, SEC Thailand annual report
Report context
Atlas actors in this figure's reports
Profiles covered in the report that cite this number.