What To Know
- Turbo Money Public Company Limited (TURBO) is preparing for an Initial Public Offering of up to 537 million shares, following approval from the Securities and Exchange Commission.
- The move will pave the way for the company’s listing on the Stock Exchange of Thailand and is being closely watched as a landmark step for a new generation of financial service providers.
Bangkok Business PR News: IPO Approval and Growth Ambitions
Turbo Money Public Company Limited (TURBO) is preparing for an Initial Public Offering of up to 537 million shares, following approval from the Securities and Exchange Commission. The move will pave the way for the company’s listing on the Stock Exchange of Thailand and is being closely watched as a landmark step for a new generation of financial service providers. This Bangkok Business PR News report highlights how the company has built its reputation by blending technology with financial inclusion, aiming to expand access to loans, insurance, and installment services across the country.
Turbo Money Public Company Limited (TURBO) is preparing for an Initial Public Offering of up to 537 million shares.
Image Credit: Turbo Money Public Company Limited
Building Access for Underserved Communities
Chief Executive Officer Suthat Ruangsutthipap emphasized that Turbo Money was founded to serve customers who are underserved or excluded from traditional banking. With nearly 1,000 branches across 54 provinces, the company has carved out a niche by offering vehicle title loans, land title loans, nano-finance solutions, as well as insurance brokerage and installment sales. This reach enables communities to secure more reliable funding options, especially in areas where banking services are limited.
Key Business Strengths
The company’s strategy rests on three pillars. First, its service is fast and customer-focused, enhanced by digital loan assessments and well-trained staff. Notably, one in five new customers during the first half of 2025 came through referrals, underlining client satisfaction. Second, Turbo Money has positioned itself as a technology-driven group, with over 32 percent of its head office staff working in data and technology departments. This emphasis helps keep operating costs low, with average branch expenses at 1.3 million baht, well below the industry’s 2.3 million. Third, the company has embraced risk management systems that track real-time data and minimize errors in loan approvals, collections, and asset management. Its revenue-to-loan ratio of 21.8 percent is among the highest in the sector.
Financial Growth Despite Economic Challenges
Turbo Money has demonstrated resilience amid economic headwinds. The loan portfolio grew from 3.28 billion baht in 2020 to 11.26 billion baht as of June 2025, while maintaining an average loan yield of 24.2 percent, well above the industry norm of 17.5 percent. This consistent outperformance has solidified its standing as a high-growth financial player.
IPO Structure and Use of Funds
TISCO Bank’s investment banking division, acting as financial advisor, explained that the IPO will include up to 447.78 million new shares and 89.22 million existing shares from Kasikorn Vision Company Limited, amounting to no more than 20.1 percent of Turbo Money’s paid-up capital. Proceeds will be directed toward business expansion, debt repayment to commercial banks, and new working capital, further reinforcing the company’s goal of becoming a leading national retail finance provider.
Future Prospects
With its technology-driven approach, robust risk controls, and a rapidly expanding loan portfolio, Turbo Money is positioning itself to become one of Thailand’s most dynamic retail finance companies. The upcoming IPO is not only expected to attract investors seeking growth but also to strengthen the broader financial ecosystem by bringing innovative lending models to the forefront. The company’s trajectory shows how strategic use of technology and community-focused services can redefine the future of retail finance. Investors and market watchers alike are anticipating strong interest in the offering, which could reshape the competitive landscape of Thai financial services.
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