NSL Foods sets IPO at 12 baht a share published : 8 May 2021 at 04:00 Mr Somchai, left, and Mr Arkradej see ready-to-eat food as its new business pillar. 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).