AsemconnectVietnam - The successful auction of 100 million shares of GELEX Infrastructure Joint Stock Company on the morning of December 31st not only signifies capital raising but is also considered an important market indicator ahead of its listing.

The auction results reflect the level of interest from domestic and foreign investors in GELEX Infrastructure, marking a turning point in the company's development journey. On this foundation, GELEX Infrastructure will enter a new growth phase as a public company, aiming for a listing on the Ho Chi Minh City Stock Exchange (HoSE).
With a starting price of VND28,000 per share, the auction attracted 172 eligible bidders, including 165 domestic individual investors, 3 domestic organizations, and 4 foreign organizations. The total volume of bids reached 123,268,000 shares, exceeding the number of shares offered. The highest bid price was 35,000 VND/share.
As a result, 100 million GELEX Infrastructure shares were successfully sold to 172 investors, of which 16.4 million shares were sold to foreign investors. The successful bid prices ranged from VND28,000 to VND35,000/share; the average winning price was VND28,820/share. GELEX Infrastructure received a total of VND2,882 billion from the auction.
With this average winning price, GELEX Infrastructure's enterprise value is estimated by the market at approximately VND25,640 billion.
In the context of a capital market setting increasingly stringent standards for asset quality, information transparency, and corporate governance, IPOs are not only a milestone in capital raising but also a true measure of a company's capabilities and readiness.
As one of GELEX Group's two sub-holdings, GELEX Infrastructure manages capital in businesses across sectors including real estate, construction materials, and utility infrastructure such as energy and clean water. These are all fundamental sectors for national economic growth, providing stable cash flow and long-term expansion potential for companies with strong management capabilities and strategic vision.
GELEX Infrastructure's leadership stated that the company possesses several key competitive advantages, including a large and high-quality asset portfolio, a sound financial foundation with stable cash flow, financial leverage and debt repayment capabilities exceeding international financial institutions' standards, and proven M&A and governance capabilities.
These foundations have provided crucial support, contributing to the positive market interest in the GELEX Infrastructure share auction.
Listing on the HoSE is expected to create a new springboard for GELEX Infrastructure in accessing capital markets, enhancing liquidity, and attracting more long-term institutional investors. Simultaneously, the listing process places the company at a higher operational standard, from information disclosure and risk management to financial discipline – key factors in maintaining market confidence after the IPO.
Expected to be listed on the HoSE in early 2026, GELEX Infrastructure not only adds another large-scale infrastructure stock to the market but also opens a new chapter in the company's development journey.
The IPO, highlighted by the successful share auction, marks the beginning of a new growth cycle – where GELEX Infrastructure will gradually establish a clearer position in the market, with ambitions for growth, efficiency, and sustainability.
N.Nga
Source: VITIC/Tinnhanhchungkhoan