Vinasamex JSC offers 15% shares worth VND 135 billion

On March 7, Vinasamex JSC held an event titled Investment – Connecting elites – Reaching the international stature.

This is the first and only appeal for individual invested capital, with the IPO timeline beginning in 2026. The following three-round capital appeals will be for domestic and international investment funds.

Vinasamex will sell 15% of its shares for a total of VND 135 billion, at a price of VND 38,000 per share.

Regarding the planned use of the capital, Vinasamex plans to build a factory in Lao Cai on a 2.2-hectare site with a processing capacity of 2,000 tons of fresh cinnamon per year and to invest in a production chain capable of producing 140 tons of cinnamon essential oils per year.

In Lang Son, the business intends to construct a 1.6-hectare factory capable of producing 2,000 tons of cinnamon, 1,000 tons of star anise, and 80 tons of essential oil. The facility will be located in the heart of the traditional star anise farming region. Vinasamex will construct another ten-hectare factory in Lao Cai in phase three, with a capacity of up to 10,000 tons of cinnamon per year.

According to the IPO roadmap, the firm will continue to raise capital from investors in 2022 through series A – VC, series B – PE, and series C – PE rounds before issuing shares to the public in 2026.

Ms. Nguyen Thi Huyen, Director-general of Vinasamex, explained the reason for the IPO, "We aim to create a playground for investors to participate in a business model that creates social impact in addition to profit.

Simultaneously, becoming the first brand in the field of organic spices and flavorings in Vietnam to be listed on the stock exchange has inspired other firms to rethink their strategies and objectives.

We will list on the international stock exchange after we list on the Vietnamese stock exchange to reaffirm Vietnam's position and brand, particularly in the agricultural products sector."

Despite the difficulties encountered in 2021, Vinasamex's revenue climbed by 60% to VND 275 billion. Profit after tax exceeds VND 20.8 billion, nearly 2.8 times higher than in 2020, increasing the enterprise's total asset value to VND 267 billion by the end of 2021. Loan capital accounts for more than 40.4% of the enterprise's capital.

Up to half of the annual earnings is intended to be distributed to shareholders, 30% for reinvestment, and 20% for provisions. Vinasamex's business approach is value-chain-based, involving farmers, factories, and customers. Qualified products are offered to ensure the origin of the product and to maintain control over the growing area.

Organic items are significantly more expensive than their traditional counterparts. Vinasamex now holds organic certification across an area of 4000 hectares, indicating that there is a significant possibility for growth.

Vinasamex signed and recognized Americata as its partner during the event. Americata is a sponsor based and operating in the United States. This is also the world's largest spice consumption market, which Vinasamex has penetrated with three trademarks registered for protection in the US.