Jasmine Telecom Systems (JTS), an information-technology and telecom system integrator, is confident its revenue will grow 25% this year after three consecutive prosperous years.

President Subhoj Sunyabhisithkul said that from 2003 to 2005 the company had revenues of 1.285 billion, 1.683 billion and 1.847 billion baht respectively.

Following successful first-half growth of 1.03 billion baht, he forecast JTS's growth this year would exceed 25%.

The company's net profits from 2003 to 2005 were 125.7 million, 314.3 million, and 290.8 million baht, with first-half profit this year of 154.8 million baht.

He said unrealised revenue stood at 2.5 billion baht, including 1.5 billion from TT&T's broadband Internet system, 700 million from TOT's transmission and leased line services and 300 million baht from CAT Telecom.

JTS yesterday appointed 10 underwriters, led by Seamico Securities, for its initial public offering at 3.20 baht a share. It is scheduled to run from tomorrow to Friday, with the shares expected to begin trading on the Stock Exchange of Thailand on Sept 18.

< JTS plans to raise between 600 million and 700 million baht by selling 175 million shares of one baht par value, equal to a 25% stake in the company.

The subsidiary of Jasmine International, operates four businesses _ telecom system integration, pay phones, test equipment and computer system integration through subsidiary Siam Teltech Computer.

The IPO would help raise funds for its public pay-phone programme, which calls for the installation of 18,000 units over the next two years at 40,000 baht per unit.

Of the total offering of 175 million shares, 50% will be allocated to institutional investors, 30% to retail investors and the rest to company sponsors.

The IPO will dilute Jasmine International's holdings in JTS to 57.14% from 76.19% while the Knight Thai Technology Fund's holdings will fall to 17.86% from 24%. Its paid-up capital will increase to 750 million baht from 525 million.