NSL Foods, a manufacturer of bakery goods and distributor of packaged meals, announced its initial public offering (IPO) yesterday at a price of 12 baht per share, with a subscription period set for May 11-13.
Its debut on the Stock Exchange of Thailand is scheduled for May 19.
NSL plans to sell 75 million shares through the IPO, with 71% or 53 million shares allocated to retail investors, 9% or 7 million shares to institutional investors, and the remainder to employees.
Asia Plus Securities serves as an underwriter for the IPO along with four other co-underwriters: Finansia Syrus Securities, Globlex Securities, Krungthai Seamico Securities, and RHB Securities (Thailand).
Yodrudee Santatikul, senior executive…
