NFC Submits Securities Registration Statement... Aiming for KOSDAQ Listing by End of February

[Asia Economy Reporter Eunmo Koo] NFC, a specialized cosmetics material company, announced on the 15th that it has submitted a securities registration statement to the Financial Services Commission and officially started the public offering process for listing on KOSDAQ.

NFC plans to offer 1.8 million shares in this IPO, with a desired price band of 10,200 to 13,400 KRW per share. The total offering amount is approximately 18.4 billion KRW based on the lower end of the price band. Accordingly, the company will finalize the offering price through demand forecasting on February 10-11, conduct subscription on February 17-18, and aims to enter the KOSDAQ market by the end of February. Samsung Securities is the lead underwriter.

NFC focuses on the development of cosmetic materials and ODM (Original Design Manufacturing) and OEM (Original Equipment Manufacturing) businesses. Since its establishment in 2007, the company has dedicated itself to developing competitive cosmetic raw materials with the goal of popularizing domestic ingredients. Currently, it has established a co-growth system through partnerships with major domestic and international companies.

In the domestic cosmetics material market, which heavily depends on imports, NFC has developed independent and differentiated core technologies, thereby laying a stable foundation for business expansion. Key technologies include the high-functionality insoluble material stabilization technology ‘MLV (Multi-Lamellar Vesicle)’ and the ‘Nano-Liposome’ technology that uses a high-pressure emulsifier to reduce particle size, both of which can be applied across various fields.

These technologies have contributed to improving cosmetic quality by increasing ceramide content and expanding spray angles, and notably, they can be applied to all cosmetic formulations. This has led to diversification of the product portfolio and expansion of sales channels, driving the company’s growth.

On a consolidated basis, NFC recorded sales of 24 billion KRW and operating profit of 3.8 billion KRW in 2018, representing growth of 22.8% and 18.6% respectively compared to 2017. Furthermore, as of the third quarter of last year, sales and operating profit reached 23.9 billion KRW and 5.1 billion KRW respectively, indicating the potential to surpass 2018’s performance.

Yu Wooyoung, CEO of NFC, stated, “We continue to strive to secure new growth momentum through the development of new materials, including the successful localization of the essential UV-blocking ingredient ‘Titanium Dioxide (TiO2)’, which was previously dependent on Japanese imports and considered irreplaceable.” He added, “Based on our unique core technologies, we will make every effort to diversify materials and products as well as expand our ODM and OEM businesses.”

This content was produced with the assistance of AI translation services.