Bangkok: Nutrition Profession Public Company Limited (NUT), a leader in the development and production of dietary supplements, commenced trading on the Market for Alternative Investment (mai) Stock Exchange today. The company had previously closed the subscription for 37 million initial public offering (IPO) shares at a price of 6.80 baht each, garnering significant investor attention, which highlights confidence in NUT’s business model, financial stability, and growth prospects.
According to Thai News Agency, Mr. Wicha Tomana, Managing Director of Phillip Securities (Thailand) Public Company Limited and financial advisor for NUT, announced that the company is listed under the Consumer Products Industry Group on mai. It offered 37 million additional common shares, representing 30.83% of the company’s total shares, each with a par value of 0.50 baht. The subscription period from June 4-6 saw a positive response from investors, establishing an offering price of 6.80 baht per share.
NUT stands out as a developer and manufacturer of comprehensive dietary supplements and cosmetics with its own certified manufacturing facility. This enables the company to maintain quality control and manage production costs effectively. Its distribution network spans both online and offline platforms, and with no reliance on financial institution loans, NUT manages its liquidity efficiently.
The financial performance of NUT from 2022 to 2024 shows total revenues of 870.14 million baht, 1,187.87 million baht, and 1,165.45 million baht, respectively, with a consistent gross profit margin of 83.94% in 2024 and 85.17% in the first quarter of 2025. The IPO price of 6.80 baht reflects the company’s operational performance, market conditions, and investor demand, resulting in a price-to-earnings ratio of 12.72 times, based on a net profit of 64.13 million baht over the past four quarters and 120 million shares post-offering, leading to a net profit per share of 0.53 baht.
Mr. Pakin Kittiphanuwat, CEO of Nutrition Professions Public Company Limited, stated that the funds raised will boost the company’s growth potential, with a focus on marketing, public relations, and content creation. The company plans to leverage influencers to enhance brand awareness and drive sales in its food supplement and cosmetic product lines.
“NUT aims to develop new products catering to healthy lifestyles, including dietary supplements and personal care items, capitalizing on its strengths in quality content and comprehensive marketing to achieve robust and sustainable growth,” Mr. Pakin concluded.