Thakral Corporation Ltd announced on Oct, 06 2025 that The Beauty Tech Group plc, in which it holds a 9.55% pre-IPO stake, has priced its initial public offering on the main market of the London Stock Exchange at £2.71 per share, implying a market capitalisation of about £300 million.

The Beauty Tech Group will raise roughly £29 million in primary proceeds. As part of the secondary offering, Thakral will sell 2,864,515 shares—representing 2.86% of the investee’s equity—for approximately 13.1 million Singapore dollars.

After the sale, Thakral’s holding will stand at about 6.04% or 6,683,868 shares. These shares will be subject to lock-up until four weeks after the publication of The Beauty Tech Group’s audited results for the year ending Dec, 31 2025, followed by a six-month orderly-market period.

The company expects to recognise an uplift of roughly 28.5 million Singapore dollars from the combination of the partial disposal and the revaluation of its remaining interest. On a pro-forma basis as of Jun, 30 2025, net asset value per share is projected to rise 10% to 2.34 Singapore dollars, while earnings per share are expected to increase 26% to 1.08 Singapore dollars.

Thakral’s gearing ratio would improve to about 0.25 from 0.27 following the transaction, which is scheduled to commence conditional dealings on Oct, 08 2025.