Bangkok: The Market for Alternative Investment (MAI) is poised to welcome Skin Laboratory Public Company Limited (SKIN), a prominent player in the beauty product sector, as it commences trading on September 24th. The company, known for its brands Skinsista and Dermie, will join the Consumer Products group on the MAI.

According to Thai News Agency, Mr. Prapan Charoenprawat, Managing Director of the MAI, announced that Skin Laboratory Public Company Limited (SLA) will list under the Consumer Goods industry group, using the ticker symbol “SKIN.” The company specializes in beauty products targeting teenagers and young adults, with a significant portion of its revenue derived from facial serum and sunscreen products.

SKIN’s initial public offering (IPO) has resulted in a paid-up capital of 72 million baht, with shares priced at 1.20 baht each. This offering, managed by Phillip Securities (Thailand) Public Company Limited, aims for a market capitalization of 172.80 million baht. The company’s IPO price is set based on a price-to-earnings ratio of approximately 12.0, with a net profit per share of 0.10 baht.

Mr. Chanwit Khieonawawongsa, CEO of SKIN, emphasized the company’s commitment to developing high-quality skincare products that are affordable. The funds from the IPO will be directed towards product development, research, marketing, and expanding distribution channels domestically and internationally.

Post-IPO, Mr. Chanwit Khieonawawongsa, along with his spouse, Ms. Nattaporn Phongchanchawalit, and Mr. Thanachai Thanomsap, remain the major shareholders. The company has a dividend policy ensuring shareholders receive no less than 40% of the net profit after necessary deductions.