Skin Laboratory Public Company Limited (SKIN) aims for sustainable growth and product expansion with IPO proceeds.WHO: Thai skincare company Skin Laboratory Public Company Limited (SKIN) has two brands, Skinsista and Dermie. Its products are distributed on major online platforms, including Lazada, Shopee, and TikTok, as well as traditional outlets such as Lotus’s, Big C, 7-Eleven, and beauty retailers.WHY: The IPO proceeds will be used for product development and marketing to build brand awareness.IN THEIR OWN WORDS: “Under the T-Beauty trend that has inspired more consumers to choose Thai brands, SKIN has fully seized this opportunity through a plan to launch new products that comprehensively meet consumer needs and to expand both online and offline distribution channels. We expect that Skinsista and Dermie will see continuous sales growth in every segment,” Chanwit Khiaonavawongsa, SKIN CEO, stated, as cited by PostToday.DETAILS:Skin Laboratory Public Company Limited (SKIN) launched its IPO on the Market for Alternative Investment (mai) on September 24.The company raised THB 52.80 million ($1.7 million) from the sale of all 44 million shares at THB 1.20 each ($0.038), accounting for 30.55% of post-IPO paid-up shares.Founders and major shareholders collectively retain a 69.44% stake, with 55% of this stake locked up for one year.SKIN maintains a gross margin of 75%, with selling expenses at 50%–60% and administrative costs at 10%. Net margins stand at 5%–10%.SKIN projects sales to double, leveraging the momentum from new product launches and marketing in 2H25.