On January 27, the Ho Chi Minh City Stock Exchange (HoSE) issued a decision approving the listing of shares of GELEX Infrastructure JSC under the ticker GEL.

 

According to the decision, 890 million shares of the company will officially be traded on HoSE, corresponding to a charter capital of VND 8.9 trillion.

Previously, on January 15, 2026, GELEX Infrastructure was recognized by the State Securities Commission as a public company after completing its initial public offering (IPO).

In the IPO, the company successfully auctioned 100 million shares on HoSE at an average winning price of VND 28,820 per share, raising more than VND 2.882 trillion. Based on this price, GELEX Infrastructure’s estimated market capitalization reaches approximately VND 25.64 trillion, equivalent to nearly USD 1 billion. The current maximum foreign ownership limit at the company is 50%.

According to disclosed information, the Board of Directors of GELEX Infrastructure decided to set VND 28,800 per share (rounded from the average auction price) as the reference price for the first trading day. The company is expected to officially list GEL shares on HoSE in early February 2026.

The rapid completion of listing procedures following the IPO is considered a positive move, contributing to enhanced transparency, facilitating capital inflows into the market, and increasing liquidity as well as investor interest in the stock from the very first trading sessions.

After listing, GELEX Infrastructure is expected to become one of the notable infrastructure stocks in the market. The company is currently one of the two strategic pillars of GELEX Group, alongside the electrical equipment segment. GELEX Infrastructure plays the role of capital management and investment in key sectors such as real estate, building materials, and utility infrastructure. Its investment portfolio includes many reputable brands and large-scale projects, with a presence across numerous key localities nationwide.

Regarding business performance, in 2025, GELEX Infrastructure is estimated to achieve consolidated revenue of nearly VND 14.515 trillion and profit before tax of approximately VND 2.025 trillion. Compared to the approved plan, the company completed about 94% of the revenue target and exceeded the profit target by 5%.

This is considered an important financial foundation supporting the listing process and strengthening investor confidence in the company’s long-term growth prospects.

PR DEPARTMENT