mai President Prapan Charoenprawatt announced that Nutrition Profess pcl will be listed and start trading on Market for Alternative Investment (mai) in the Consumer Products industry group under the symbol "NUT" on June 11, 2025.
NUT operates as a manufacturer and distributor of dietary supplements and cosmetics through three business models: house-brand products, co-brand partnerships, and original equipment manufacturing (OEM) services. The company's dietary supplement products span the health, shape, and hair & skin categories, while its cosmetics line comprises personal care products and skin care products. Examples of NUT's house brands include "REALELIXI" for dietary supplement products and "COSMESIA" for cosmetic products. In the first quarter of 2025, the company generated 73 percent of its revenue from house brand products, 20 percent from co-brand products, and 7 percent from OEM products. Revenue distribution by sales channel was 76 percent online, 17 percent offline, and 7 percent OEM. The company operates three manufacturing facilities in Samutprakarn Province, comprising two dietary supplement plants and one cosmetics plant, which enable rigorous quality control throughout the manufacturing process.
NUT has a paid-up capital of THB 60 million after the IPO, consisting of 83 million existing ordinary shares and 37 million newly issued shares with a par value of THB 0.50 per share. Of these IPO shares, at least 27.75 million shares were offered to subscribers at the underwriters' discretion, up to 5.55 million shares to the company's patrons, and up to 3.7 million shares to the company's directors, executives and/or employees from June 4-6, 2025 at THB 6.80 per share. The offering size is THB 251.6 million with the IPO market capitalization of THB 816 million (approximately USD 25.00 million) and the price-to-earnings (P/E) ratio of approximately 12.72 times. The earnings per share is THB 0.5344, calculated from the company's net profit over the latest four quarters (April 1, 2024 - March 31, 2025) which totaled THB 64.13 million, divided by fully diluted shares. Phillip Securities (Thailand) pcl is the financial advisor and lead underwriter.
NUT Chief Executive Officer Parkin Kittiparnuwat emphasized the company's proven experience and expertise developed over more than a decade of operations. NUT provides comprehensive services spanning product development, internationally-standardized manufacturing, and distribution through its omni-channel network. All NUT products are FDA-certified and manufactured at facilities holding relevant industrial accreditations. IPO proceeds will be allocated to working capital for business operations and marketing activities, including advertising, content creation, and brand ambassador and influencer engagement to promote newly launched products.
Major shareholder of NUT after the IPO is the Kittiparnuwat family (66.5 percent). The company's dividend policy is to pay shareholders a minimum of 30 percent of its net profit based on the financial statements after deduction of corporate tax expenses, statutory reserves, and other reserves.
For more information on NUT, please see the company's prospectus on the Securities and Exchange Commission's website at www.sec.or.th, and general information at www.nutritionprofess.com and www.set.or.th.