Thai Packaging Industry Public Company Limited, or TIPAK, will list and begin trading on the Stock Exchange of Thailand in the Industrials group, Packaging sector, on 5 October 2026. It is offering 68 million shares at 1.85 baht per share, representing an IPO value of 266 million baht, with a market capitalisation at the IPO price of 1.021 billion baht. The company's paid-up capital after the IPO stands at 552 million baht, with a price-to-earnings ratio of 6.38 times, calculated from net profit over the trailing four quarters from 1 July 2025 to 30 June 2026, equal to net profit per share of 21 baht. Maybank Securities (Thailand) Public Company Limited is the financial advisor, and together with Land and Houses Securities Public Company Limited acts as lead underwriter and underwriter. TIPAK operates an integrated business producing and distributing kraft paper packaging, with more than 50 years of experience in the corrugated paper packaging industry, corrugated paper production capacity of more than 140,000 tonnes per year, and more than 170 million corrugated boxes per year. After the IPO, the Munsinthorn family holds 90% and Thai VPC Business Company Limited holds 7%. The company has a dividend policy of paying no less than 50% of net profit after corporate income tax and legal reserves.
Maybank Securities (Thailand) PCLMaybank Securities is named as financial advisor and lead underwriter for TIPAK's IPO, a mandate but no stated financial impact.
TIPAK is listing on the SET via a 266 million baht IPO, raising capital and gaining a public market.
