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SET welcomes dietary supplement manufacturer “NV”
Bangkok, December 23, 2021 – The Stock Exchange of Thailand (SET) will list Nova
Organic pcl, a manufacturer of dietary supplements, on December 24 under the
ticker symbol “NV”. The company has a market capitalization at its initial
public offering (IPO) at THB 4.14 billion (approx. USD 124.16 million).
SET Senior Executive Vice President Manpong Senanarong said that NV would list
and start trading on SET in the Consumer Products industry group, Personal
Products & Pharmaceuticals sector.
NV manufactures and distributes dietary supplements for health and beauty. The
company’s popular and well-known products are Livnest, Donutt and Q-Tin which
are put on sales through all available channels. The telesales channel that the
company has developed is the main sales channel while others include modern
outlets and home shopping. The company also provides comprehensive consulting
and manufacturing services for dietary supplements. NV’s research and
development department is capable of creating quality and diversified products
continuously.
NV has a registered paid-up capital of THB 300 million, consisting of 450
million existing common shares and 150 million newly issued shares, with a par
value of THB 0.50 each. It offered newly issued shares to the public during
December 15 – 17, 2021, at THB 6.90 each, for a total of THB 1.04 billion.
Capital One Partners Co., Ltd. is the financial advisor and Globlex Securities
Co., Ltd. is the lead underwriter.
NV Chief Executive Officer Navaphol Chanjuthamard said NV aims to be a leading
manufacturer of dietary supplements for health and beauty in Asia that can
enhance good quality of life for all consumers in a sustainable manner. As for
the listing on SET, the company plans to invest in the new factory and
warehouse, the renovation of the existing factory to manufacture herbal products
and extracts, a new office building to accommodate the expansion of telesales
which is the company’s key strategic channel. In addition, NV will continuously
develop and launch new products that will support growth, meet consumers’
demand, and make them easily accessible to the diversified and comprehensive
distribution channels.
NV’s major shareholder after the IPO is the Chanjuthamard family (69.27
percent).
NV’s dividend policy is to pay no less than 40 percent of net profit from the
company’s separate financial statement after tax, and legal and other reserves.
For more information on NV, please see the company’s prospectus at the
Securities and Exchange Commission’s website at www.sec.or.th; and for general
information, please visit www.nova-organic.com , and www.set.or.th.
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