| Shares of Thakral Corp are up 7 cents (10.5%) this afternoon at 74 cents after news circulated that Thakral's investee company in UK may be planning an IPO. Reports mentioned that Beauty Tech Group is still exploring its "strategic options," which might include an IPO.  If the listing does happen at the rumoured valuation of £350 million (around S$590.7 million), Thakral’s 9.4% stake could jump from its current carrying value of S$9.4 million to a whopping S$55.6 million (~44 Singapore cents per share).Compare that to its market cap of S$95 million (stock price: 74 cents). Thakral last night (5 Feb) issued a statement that it can’t confirm or comment on the valuation or the IPO news just yet. |
Beauty Tech Group owns popular beauty brands like CurrentBody Skin, Ziip Beauty, and Tria Laser.
 CurrentBody is a key brand of the Beauty Tech Group. Its masks which comprise red LED lights are purchased for skin health. Longevity gurus like Bryan Johnson are known to subscribe to red light therapy. |
Their LED masks are a favorite of celebs like Kim Kardashian and Serena Williams.
Reports about CurrentBody's potential IPO have been primarily led by Sky News, which first revealed the IPO plan.
Sky News mentioned that the company has engaged investment bank Berenberg to oversee the IPO process, although details like the size of the share sale remain unconfirmed.
Other news outlets such as City AM, Fashion Network, and The Business Desk have echoed this report, highlighting The Beauty Tech Group's financial growth and strategic acquisitions in recent years.
Beauty Tech Group surpassed £100 million in revenue in 2024 and is now focusing exclusively on its own-brand products.
These reports emphasize that the IPO is part of the company's exploration of strategic options for further growth.
Thakral's investment in Beauty Tech Group plays second fiddle to its core businesses and growth drivers:
- Lifestyle Resorts: Thakral has a 31.7% stake in the business of lifestyle resorts for people over 50 in Australia, known as GemLife. Its growth arc can be seen in the chart below:
Robust development pipeline - Beauty and Fragrance Business, and Drone Distribution: The former is primarily focused on the Greater China region while the latter, South Asia.
In addition, Thakral is the exclusive distributor for DJI drones in several South Asian countries, including India. DJI is a global leader in drones.
For more, see: THAKRAL: Profit's up 45% in 1H2024. Its products: retirement homes, drones, fragances
