A NSH Petro station. The southern petrol firm's shares will debut on June 24. — Photo nshpetro.com.vn

Nam Song Hau Petroleum Investment JSC (NSH Petro) will debut on the Ho Chi Minh Stock Exchange on June 24.

The company will trade 126.2 million shares with stock code PSH at a debut price of VND16,000 (US$0.69) each, valuing the firm at VND2.02 trillion ($87.4 million).

The share price will be able to move by a maximum of 20 per cent on either side, ranging from VND12,800 to VND19,200 apiece.

NSH Petro was founded on February 14, 2012 with initial charter capital of VND60 billion. The capital is now VND1.26 trillion.

As of January, the company had a total of 425 shareholders. Chairman Mai Van Huy is the largest shareholder, having 84 million shares or 66.7 per cent of the capital.

The company is among the biggest players in the sector in the Mekong Delta and distributed gas and oil products for 480 sellers last year.

The company in 2019 recorded total net revenue of VND9.15 trillion, down 12 per cent year-on-year, as production decreased.

Post-tax profit in 2019 fell a quarter year-on-year to VND123 billion.

In 2020, NSH Petro eyes a 31 per cent year-on-year increase in revenue and a 22 per cent year-on-year growth in post-tax profit. — VNS