[This Week's IPO] October First Week Demand Forecast and Subscription Schedule

[Asia Economy Reporter Jang Hyowon] In the first week of this month (October), Pintel and Plazmap are conducting demand forecasting targeting institutional investors. Top Material, OSP, SBV Tech, and Shaperon are preparing for general subscription.

◆Pintel= Pintel operates a smart city business by applying its proprietary AI video analysis technology to intelligent transportation system projects. Regarding its independently developed video analysis technology, it has filed a total of 33 patents, including 12 core patents and 21 application patents, and has numerous clients such as local governments, Korea Expressway Corporation, Hyundai Construction, and Samsung Welstory.

The total number of shares offered is 2 million, with a desired offering price range of 7,500 KRW to 8,900 KRW, and a total offering amount of 15 billion KRW to 17.8 billion KRW. After conducting demand forecasting on the 4th and 5th, the offering price will be finalized, followed by a general subscription on the 11th and 12th. The lead underwriter is Daishin Securities.

◆Plazmap= Plazmap is a deep-tech venture company that originated in 2015 from the KAIST Department of Physics Plasma Laboratory. The company is developing medical device care solutions, starting with plasma technology-based surgical instrument low-temperature sterilization (biological inactivation) solutions and implant regenerative activation solutions.

The total number of shares offered is 1,771,000, with a desired offering price band of 9,000 KRW to 11,000 KRW per share, and the offering amount is approximately 15.9 billion KRW to 19.5 billion KRW. Demand forecasting for institutional investors will be held on the 5th and 6th, followed by general subscription on the 12th and 13th. It is scheduled to be listed on the KOSDAQ market in October through the technology special listing track, with Mirae Asset Securities as the lead underwriter.

◆Top Material= The offering price was finalized at the top end of the desired price band, 30,000 KRW. A total of 694 domestic and foreign institutions participated in the demand forecasting, recording a competition rate of 451.5 to 1. Among the total application volume, 97.4% (including those without price indication) proposed prices at or above the top end of the desired price band, and 30.96% committed to lock-up agreements.

Top Material is a company providing total solutions for secondary batteries based on accumulated technology in the secondary battery field. It operates system engineering business and develops and manufactures high-performance electrodes and next-generation cathode materials. The company plans to use the funds raised through this offering for investment in cathode material production lines, research and development, and operating expenses.

◆OSP= The offering price was finalized at the top end of the desired range, 8,400 KRW. The final competition rate for institutional investor demand forecasting was 1,582.84 to 1. Notably, among the demand forecasting applications, 99.88% (including 6.79% without price indication) proposed prices at or above the top end of the desired offering price range, except for only two applications.

OSP is a specialized manufacturer of organic pet food. After listing, it aims to drive mid- to long-term growth by strengthening its private brand (PB) and expanding its market share overseas. The company is preparing to launch a new organic functional pet food product, ‘Indigo Bionutrition,’ in October.

◆SBV Tech= SBV Tech’s desired offering price is between 10,100 KRW and 12,400 KRW, aiming to raise 18.2 billion KRW to 22.3 billion KRW. Demand forecasting was conducted until the 29th, and general subscription will be held on October 5th and 6th. The lead underwriter is Mirae Asset Securities.

SBV Tech develops ultra-thin bearings and harmonic reducers for robots. In a market where most products are imported from foreign countries (Japan), SBV Tech is the first domestic mass producer of harmonic reducers, offering competitiveness in delivery time and price.

◆Shaperon= Shaperon’s desired offering price band is 8,200 KRW to 10,200 KRW, aiming to raise up to 28 billion KRW through this offering. Demand forecasting was conducted until the 30th, and subscription will be held on the 6th and 7th, with plans to list on KOSDAQ in October. The lead underwriter is NH Investment & Securities.

Shaperon was founded based on the world’s first inflammation initiation theory DAMP, announced by co-CEO Seong Seungyong, a professor at Seoul National University College of Medicine. The company is developing innovative anti-inflammatory therapeutics for inflammatory diseases such as atopic dermatitis, Alzheimer’s dementia, idiopathic pulmonary fibrosis, and COVID-19, based on proprietary inflammasome inhibition technology.

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