Market for Alternative Investment (mai) will list Itthirit Nice Corporation pcl, a distributor of electronic equipment including lighting and Internet Every Thing (IET) products, on March 22 under the ticker symbol “ITTHI”. The company has a market capitalization at its initial public offering (IPO) of THB 810 million (approx. USD 23.66 million).
mai President Prapan Charoenprawatt said ITTHI will be listed and start trading on mai in the Consumer Products industry group.
ITTHI distributes electronic equipment such as lighting and IET products for smart homes. The company outsources manufacturing of lighting equipment in category of light bulbs, lamps and other components for distribution under the “LIGHTTRIO” brand. Of the total revenue from electronic equipment distribution, a half is generated from LIGHTTRIO brand and the other half from other leading brands. In terms of customers, 76 percent are leading property developers.
ITTHI also produces and distributes alcohol sanitizers under the “UNION CLEAN” brand. In 2022, electronic equipment distribution and installation generated 98 percent of total revenue, and alcohol sanitizer production and distribution and others made up 2 percent.
ITTHI has a paid-up capital of THB 135 million, consisting of 200 million existing common shares and 70 million newly issued shares, with a par value of THB 0.50 each. The company offered 60 million shares to persons and institutional investors at underwriters’ discretion, 9 million shares to its patrons…
mai welcomes lighting and Internet Every Thing product distributor ITTHI on March 22 – SET News
