NSL Foods prepares for imminent listing
IPO price set to be declared in early May
NSL Foods Plc, a manufacturer and distributor of packaged meals, is preparing to go public in May with an initial public offering (IPO) of up to 75 million shares or 25% of its total shares.
Proceeds from the IPO will be used to build a 350-million-baht factory for ready-to-eat meals at Amata City Chonburi Industrial Estate and for debt payment.
The new factory is scheduled to start some production lines in 2023 and to be fully completed by 2024. Production will focus on three product lines including frozen meals, ready to-eat meals and retort pouches.
The IPO price will be…
