A leading E-cigarette liquid specialist has announced plans to float on the London Stock Exchange in order to cash in on the continued boom in UK vaping market.

Supreme Exports, which also produces batteries and light bulbs, has today announced its intention to start trading on the AIM, the London Stock Exchange’s junior market.

The Manchester-based company expects to finalise its listing in May.

Nationwide retailers including ASDA, Iceland, B&M, Home Bargains and Heron Foods are all customers, as well as wholesalers Booker and Bestway.

Supreme PLC, which runs established vaping brands 88vape and KiK, manufacturers around 130,000 vaping liquid each working day.

The total vaping market is tipped to exceed £2bn by 2020, while tough legislation and changing habits has seen over £300m disappear from the cigarette industry in the past year [Nielsen].

In the year ending March 31 2017, sales increased to £70.7m, and it is now expected to be valued at £150m, the FT reports.

The company, which also sells hardware kits and vaping accessories, is owned by managing director Sandy Chadha, whose father Gurbachan Singh Chadha, founded the company in 1975.

In the year ending March 31 2017, Supreme also sold roughly 35 million lighting products and 200 million batteries.

“Over the last two decades we have established Supreme as a leading manufacturer and distributor of batteries and lighting, and more recently vaping, demonstrating our ability to leverage our extensive distributor and customer relationships to drive growth,” commented chief executive officer, Sandy Chadha.

“With a track-record of growing revenues, achieving long-term profitability and strong cash generation, we remain well-placed to build upon this.

“We are excited about our potential flotation on AIM, which I believe will provide a platform from which to execute on our growth ambitions and realise the next stage of our development.”