Abstract
Specialty Natural Products pcl will debut on SET on November 29, 2024, with ticker symbol “SNPS,” offering botanical extracts for various industries. IPO raised THB 441 million for research and development. CEO aims to broaden product portfolio.
Specialty Natural Products pcl to be Listed on SET
SET Executive Vice President Rungtip Charoenvisuthiwong announced that Specialty Natural Products pcl will be listed on the Stock Exchange of Thailand (SET) and commence trading in the Consumer Products industry group, Personal Products & Pharmaceuticals sector under the ticker symbol “SNPS” on November 29, 2024.
SNPS and its subsidiaries are manufacturers and distributors of standardized botanical extracts and active phyto-ingredients, serving multiple industries from cosmetics and cosmeceuticals to function foods, dietary supplements, and pharmaceuticals. The company provides comprehensive services in plant extraction, research and development, and analytical testing. SNPS has also strategically expanded into health, beauty, and wellness segments through two key business channels: Original Design Manufacturing (ODM) and Original Brand Manufacturing (OBM).
SNPS IPO Details and Future Plans
Following the IPO, SNPS has a paid-up capital of THB 405 million with a par value of THB 1 per share. The company offered 105 million IPO shares from November 21-22 and 25, 2024. The IPO price was set at THB 4.2 per share, representing THB 441 million in funds raised and a market capitalization of THB 1.70 billion at its IPO. SNPS Chief Executive Office Theeraya Krisdaphong highlighted the company’s innovative approach to Thai herbal extraction and its ambitious plans to expand its proprietary portfolio. The company’s IPO proceeds will be invested in advanced herbal extraction technology and research and development efforts.
