The upcoming IPO of 88TH has created quite a buzz in the Thai stock market. We dive into the list of major shareholders, including a famous Thai police officer, a renowned TV host, and some prominent value investors. Find out who's investing and why this IPO is generating so much interest.
88TH, the company behind popular brands like LYO and Hone, is set to make its debut on the Thai stock exchange on October 3, 2025. The IPO price is set at 5.45 baht per share, and the list of major shareholders includes some notable names.
First on the list is Major General Lamphan Prathanporn, a police officer and spouse of Ms. Supamas Isaraphakdi, a former Minister of Education, Science, Research, and Innovation. Major General Lamphan holds a significant 32.67% stake in 88TH.
Next, we have Mr. Pudit Kamneodploy, better known as 'Numm Kratchai', a famous TV host and emcee. He is the 14th largest shareholder, holding 1.9 million shares, which is 0.89% of the total shares.
Three prominent value investors, Mr. Nat Jiwalai, Mr. Thanat Pawornvipulayagorn, and Mr. Wichai Thammathatchari, have also joined the list of major shareholders.
Additionally, two more individuals from the Isaraphakdi family, Mr. Thiphop and Mr. Thiphat Isaraphakdi, are the 4th and 5th largest shareholders, respectively.
The IPO has gained significant attention due to the presence of 'Numm Kratchai' on the list of major shareholders. However, the largest shareholder is Major General Lamphan Prathanporn, who is married to Ms. Supamas Isaraphakdi, a former minister and key figure in Thai politics.
88TH, officially known as 88 (Thailand) Public Company Limited, will be listed on the mai market under the symbol '88TH' on October 3, 2025. The company operates in the consumer goods industry and produces and distributes health and beauty products under the brands LYO, Hone, and Ver.88.
With a paid-up capital of 212.5 million baht after the IPO, 88TH has a total of 59.5 million shares available for distribution. The IPO offering price is set at 5.45 baht per share, with an estimated P/E ratio of 12.91.
The company's major shareholders post-IPO include Mr. Lamphan Prathanporn with a 32.67% stake, Ilkano Pte. Ltd. with an 8.0% stake, and Ms. Naprat Malaiwang with an 8.0% stake. 88TH plans to use the funds raised from the IPO for product development, new product launches, expanding distribution channels, both domestically and internationally, and for marketing and advertising expenses.
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