Bangkok, Thailand – Company 88 (Thailand) Public Company limited, known as 88TH and the owner of the “Yours” (Lisi Hone) brand, commenced trading on the Stock Exchange of Thailand today, October 3, 2025. The initial offering price was set at 5.45 baht, and the offering has gained prominence due to the involvement of several notable figures, including celebrity host Kanchai Kamonploy and a group of Value Investors.
Table of Contents
- 1. Key Shareholders Signal Confidence
- 2. Value Investors and Industry Influencers Back 88TH
- 3. 88TH Business Overview and Financials
- 4. Understanding the Thai Stock Market
- 5. Frequently Asked Questions About 88TH
- 6. What impact could the success of Kanchai -3’s IPO have on attracting further investment in Thailand’s renewable energy sector?
- 7. Thai IPO Market Heats Up: Minister Leads Largest Stock Release, Sparking Investor Interest
- 8. Kanchai -3: The Largest IPO of the Year
- 9. Minister of Pride Thai’s Role in Boosting Market confidence
- 10. Investor V’s Early Influence and the Ripple Effect
- 11. Analyzing the Current IPO Pipeline
- 12. Benefits of Investing in Thai IPOs
- 13. Practical Tips for Navigating the Thai IPO Market
The investor profile is notably diverse. However, the most discussed aspect centers around Police Colonel Breakphan Phanthon, the country, spouse of Suphasorn Israsakdee, Minister of the Prime Minister’s office, and a former Minister of Higher Education, Science, Research and Innovation, representing the governance of Prime Minister Anutin Charnwirakul. Other notable shareholders include members of the Isisakphakdi family.
According to filings with the Stock Exchange of Thailand, the ownership structure includes eighteen shareholders. police Colonel Breakphan Phatthan holds the largest stake,comprising 69,428,000 shares,representing 32.67% of the company.The Isornphakdi family also maintains a considerable presence, with Theeraphop Isornphakdi owning 10,200,000 shares (4.80%) and Theerapat Isornphakdi holding an equivalent amount.
Value Investors and Industry Influencers Back 88TH
Several recognized value Investors have also invested in 88TH. Narat Jiwalai holds 7,000,000 shares (3.29%), while Thanat Pawawipulyakon owns 2,700,000 shares (1.27%).Furthermore,Kanchai Kamonploy,known affectionately as “Young Kanchai,” has a 1,900,000 share stake (0.89%). Wichai Thamthatchari, brother of prominent investor Dr. Phongsak Thammathat, also holds 1,800,000 shares (0.85%).
Industry leaders also feature among the shareholders. Jarusira Ministry, CEO of supertrader (Supertrader Republic), was allocated 310,000 shares (0.52%),and Dr. Ratchayut chimchipornprapha,also known as “Doctor Win”,received 200,000 shares (0.34%) during the initial public offering.
Police Colonel Breakphan Phatthan previously held a significant stake in DOD Bidetco Public Company Limited, demonstrating a proven track record in stock market investments.
88TH Business Overview and Financials
88TH specializes in the production and distribution of health and beauty products, encompassing hair care, skincare, and cosmetics under the “Lio”, “Hon”, and “Verse 88” brands. The company utilizes a hybrid manufacturing approach, leveraging both wholly-owned subsidiaries and external manufacturers. It has a robust distribution network, reaching over 10,000 retail locations nationwide, alongside online and home shopping channels.
In the first half of 2025, hair care products accounted for 91% of revenue, with skincare contributing 6% and cosmetics 3%. Distribution channels are split between dealers (44%),modern retailers (30%),home shopping (4%),and online platforms (22%).
| Shareholder | Shares Held | Percentage (%) |
|---|---|---|
| Police Colonel Breakphan Phatthan | 69,428,000 | 32.67 |
| Theeraphop Isornphakdi | 10,200,000 | 4.80 |
| Theerapat Isornphakdi | 10,200,000 | 4.80 |
| Narat Jiwalai | 7,000,000 | 3.29 |
The company’s IPO involved 212.5 million baht in paid-up capital, comprising 170 million ordinary shares and 42.5 million preference shares. The IPO price was set at 5.45 baht per share, raising a total of 324.275 million baht. The price-to-earnings (P/E) ratio is approximately 12.91, based on the company’s net profit of 89.72 million baht over the past four quarters.
Natthini Chuannikul, CEO of 88TH, stated that the funds raised through the IPO will be allocated to working capital, product development, expansion of distribution channels, marketing initiatives, and general business expenses.
Did You Know? The Thai beauty and personal care market is experiencing significant growth, driven by increasing disposable incomes and a growing emphasis on self-care.
pro Tip: When evaluating a new stock offering, always review the company’s financial statements and understand its revenue model and growth strategy.
What factors do you believe will contribute most to 88TH’s success in the long term? Do you think the involvement of high-profile investors is a reliable indicator of a company’s future performance?
Understanding the Thai Stock Market
The Stock Exchange of Thailand (SET) plays a vital role in the nation’s economy, providing a platform for companies to raise capital and investors to participate in economic growth. The Market for Alternative Investment (MAI) provides opportunities for smaller and emerging companies. Initial Public Offerings (IPOs), like that of 88TH, represent a significant milestone for companies seeking to expand their operations and increase their visibility.
Frequently Asked Questions About 88TH
- What is 88TH’s primary business? 88TH focuses on the production and distribution of health and beauty products, including hair care, skincare, and cosmetics.
- Who are the key shareholders of 88TH? Key shareholders include Police Colonel Breakphan Phanthon, the Isisakphakdi family, and several Value Investors.
- What is the IPO price for 88TH shares? The initial public offering price was set at 5.45 baht per share.
- What will 88TH do with the funds from the IPO? Funds raised will be used for working capital, product development, distribution expansion, and marketing.
- Where can I find more data about 88TH? Details can be found on the Stock Exchange of Thailand’s website and through financial news outlets.
Share your thoughts on this exciting new listing in the comments below!
What impact could the success of Kanchai -3’s IPO have on attracting further investment in Thailand’s renewable energy sector?
Thai IPO Market Heats Up: Minister Leads Largest Stock Release, Sparking Investor Interest
The Thai stock market is experiencing a surge in Initial public Offering (IPO) activity, fueled by a landmark stock release led by the Minister of Pride Thai and the substantial offering from Kanchai -3.This marks the 88th IPO in a year that’s already seen significant growth, with early momentum sparked by investor V’s strategic moves. This renewed confidence is attracting both domestic and international investors,positioning Thailand as a dynamic hub for investment in southeast Asia.
Kanchai -3: The Largest IPO of the Year
Kanchai -3’s IPO represents the largest stock release in Thailand this year, injecting substantial capital into the market.Details of the offering include:
* Company Sector: Renewable Energy (specifically, solar farm development)
* Shares Offered: 350 million shares
* Offering Price: 18.50 THB per share
* Total Capital Raised: 6.475 billion THB (approximately $180 million USD)
* Use of proceeds: Expansion of existing solar farms, development of new projects, and debt repayment.
The strong demand for Kanchai -3 shares indicates a positive outlook for the renewable energy sector in Thailand and a growing appetite for sustainable investments. This IPO is expected to set a benchmark for future offerings in the green technology space.
Minister of Pride Thai’s Role in Boosting Market confidence
The Minister of Pride Thai has been a vocal advocate for strengthening the Thai capital market. Their direct involvement in promoting the Kanchai -3 IPO, alongside broader initiatives to streamline the IPO process and attract foreign investment, has demonstrably boosted investor confidence. Key initiatives include:
* Regulatory Reforms: Simplifying regulations surrounding IPO applications and reporting requirements.
* Tax Incentives: Offering tax breaks for investors participating in IPOs of companies in strategic sectors.
* International Roadshows: Actively promoting the Thai stock market to potential investors in key financial centers like hong Kong, Singapore, and London.
* Increased Openness: Enhancing transparency in the IPO process to build trust among investors.
Thes efforts are contributing to a more attractive and accessible investment environment in Thailand.
Investor V’s Early Influence and the Ripple Effect
Investor V, a prominent figure in the Thai investment community, played a crucial role in initiating the current wave of IPO enthusiasm. Their early investment in several promising startups, followed by accomplished exits through IPOs, demonstrated the potential for high returns in the Thai market. This sparked a “follow-the-leader” effect, encouraging other investors to explore IPO opportunities.
* Early Investments: Focused on technology, healthcare, and consumer goods sectors.
* Successful Exits: IPOs of companies like “Thai Silk Innovations” and “Bangkok Biotech” generated significant returns.
* Network Effect: Investor V’s success attracted other high-net-worth individuals and institutional investors.
Analyzing the Current IPO Pipeline
Beyond Kanchai -3,a robust pipeline of IPOs is expected to hit the Thai market in the coming months. sectors to watch include:
* Technology: Several fintech and e-commerce companies are preparing for IPOs.
* Healthcare: Driven by Thailand’s aging population and growing demand for healthcare services.
* Tourism & Hospitality: Anticipated recovery of the tourism sector is fueling interest in hospitality-related IPOs.
* Manufacturing: Companies benefiting from the government’s “Thailand 4.0” initiative are seeking capital for expansion.
Analysts predict that the total value of ipos in Thailand could exceed 100 billion THB by the end of 2025,making it a record year for the market.
Benefits of Investing in Thai IPOs
Investing in Thai IPOs offers several potential benefits:
* High Growth Potential: Many Thai companies are experiencing rapid growth,offering investors the opportunity to participate in their success.
* Diversification: Thai IPOs provide diversification benefits for investors looking to expand their portfolios beyond traditional asset classes.
* Government Support: The Thai government is actively promoting the development of the capital market, creating a favorable investment environment.
* Emerging Market Exposure: thailand is a dynamic emerging market with strong economic fundamentals.
For investors interested