Karat Faucet getting ready for listing on MAI.

Byline: Aranee Jaiimsin

May 8--Karat Faucet Co, the fourth largest faucet maker in Thailand, plans to list on the Market for Alternative Investment (MAI) by the third quarter to raise between 50 million and 60 million baht.

Chief executive Akapong Nitayanont said the initial public offering (IPO) proceeds would be used to improve assembly lines and purchase new machines.

The company has no plans to expand production capacity from 400 tonnes per year for the moment, said Mr Akapong.

Nonetheless, the exact schedule for the IPO depends on the market situation, he added.

Pinnacle Advisory is serving as the financial adviser for Karat …