Beomhan Fuel Cell closes general subscription with competition rate of 710 to 1... Subscription deposits approximately 7.6 trillion won

[Asia Economy Reporter Park So-yeon] Beomhan Fuel Cell, which conducted a public offering subscription for general investors over two days on the 8th and 9th, recorded an overall competition rate of 710.37 to 1.

According to the investment industry on the 10th, Beomhan Fuel Cell recorded a total subscription deposit of 7.5867 trillion KRW from the general public offering subscription. The public offering price was previously set at the top of the band, 40,000 KRW.

A representative from the lead underwriter NH Investment & Securities said, "It appears that Beomhan Fuel Cell's unique technology and the theme of the hydrogen economy were recognized even in the relatively cold recent initial public offering (IPO) market."

Beomhan Fuel Cell is a company specialized in fuel cells for submarines, hydrogen charging stations, and building fuel cells. The fuel cells produced using Beomhan Fuel Cell's metal separator plate technology have impact resistance and stable performance that competitors cannot imitate. They are evaluated to have the high quality and reliability required in harsh marine mobility environments.

In the hydrogen charging station business division, the company is leading the market by domesticating major equipment and establishing the first standard model for large charging stations. As an affiliate and parent company of Beomhan Fuel Cell, Beomhan Industry brought in Korea's first large hydrogen compressor to establish a standard model and carries out the entire process turnkey, creating high added value and profit margins.

Jung Young-sik, CEO of Beomhan Fuel Cell, said, "We will not forget our gratitude to those who recognized the company's value and invested, and will move forward. As demand in the hydrogen economy, our forward market, continues to grow, we will use the public offering funds to equip production capacity accordingly and grow into a stronger company to return value to investors."

Meanwhile, Beomhan Fuel Cell is scheduled to be listed on KOSDAQ on June 17. The lead underwriter is NH Investment & Securities.

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