PHAT stock price drops below IPO price upon MAI listing

MGR Online•Economy•6d ago

Reader Briefing

PHAT shares closed below the offering price on their first day of trading on the MAI market.

•Phat Group Public Company Limited (PHAT) listed on the MAI market on Thursday, August 20, 2026.
•PHAT shares opened at 1.84 baht and closed at 1.82 baht, which is 9% lower than the 2 baht offering price.
•Unique Plastic Industry Public Company Limited (UNIX), the first new stock of 2026, has maintained a price above its offering price since April 1.

•Phat Group Public Company Limited (PHAT) entered the MAI market on Thursday, August 20, 2026.
•PHAT shares opened at 1.84 baht and closed at 1.82 baht, falling 0.18 baht or 9% below the 2 baht offering price.
•The trading value of PHAT shares on the first day was 116 million baht.
•The financial advisors and management of Phat Group Public Company Limited (PHAT) set the offering price with a P/E ratio of 5.91 times to attract investors.
•The drop in PHAT share price suggests that a low P/E ratio is not necessarily a selling point for speculation.
•Unique Plastic Industry Public Company Limited (UNIX) listed on April 1, 2026, with a closing price of 2.14 baht on the first day and a recent close of 2.44 baht, exceeding its 1.89 baht offering price.
•The failure of PHAT may serve as a signal for other companies preparing to raise capital that the market may not yet be open to new stocks unless they are truly high-quality and priced cheaply.
•Many small stocks in the MAI market are currently in a stagnant state with declining prices.

Full article content is available on the original source.

Phat Group Public Company Limited(กลุ่มภัทร จำกัด (มหาชน))

A company that listed its shares on the MAI market on August 20, 2026, under the symbol PHAT.

Unique Plastic Industry Public Company Limited(ยูนิคพลาสติก อินดัสตรี จำกัด (มหาชน))

The first new company to list in 2026, entering the market on April 1.

MAI

The stock market where Phat Group Public Company Limited and small stocks are traded.

Sunan Srichantra(สุนันท์ ศรีจันทรา)

The author of the article analyzing the performance of new stocks in the market.