[This Week's IPO] Demand Forecast and Subscription Schedule for the Third Week of May
In the third week of this month (May), Jinyoung and Nara Sella will conduct demand forecasting for institutional investors. Gigavis is preparing for a general subscription.
◆Jinyoung= Established in 1996, Jinyoung is a specialized manufacturer of high-performance plastic sheets, pioneering the surface finishing material market for furniture and interiors. Last year, its sales amounted to 48.1 billion KRW, with an operating profit of 6.4 billion KRW. The average annual growth rates of sales and operating profit over the past three years are approximately 26% and 58%, respectively.
The number of shares offered is 4.25 million, with a desired price range of 3,600 to 4,200 KRW. Through this, it aims to raise approximately 15.3 to 17.8 billion KRW. The market capitalization at the top end of the offering price is about 71.8 billion KRW. Jinyoung will conduct demand forecasting for institutional investors over two days on the 16th and 17th of this month to finalize the offering price, followed by a general subscription on the 22nd and 23rd. The lead underwriter is Hi Investment & Securities.
◆Nara Sella= Founded in 1990 as a wine import specialist, Nara Sella is a wine import and distribution company holding exclusive supply rights for over 120 brands and about 1,000 varieties of wine. Nara Sella is well known as the sole exclusive importer of Chile’s
The total number of shares planned for offering is 1.45 million, with a desired price band of 20,000 to 24,000 KRW, making the maximum offering size approximately 34.8 billion KRW. Demand forecasting will be conducted on the 16th and 17th, with the public subscription scheduled for the 22nd and 23rd. Shin Young Securities is the lead underwriter.
◆Gigavis= Gigavis has finalized its offering price at 43,000 KRW, exceeding the top end of the desired band. The total offering amount is 95.4 billion KRW, and the market capitalization after listing is 545.1 billion KRW. The demand forecasting competition rate recorded 1,670 to 1. The general investor subscription will take place from the 15th to the 16th. The company is scheduled to be listed on KOSDAQ on the 24th of this month. The lead underwriter is Samsung Securities.
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Gigavis manufactures and sells automated optical inspection equipment (AOI) and automated optical repair equipment (AOR) for inner-layer substrate inspection and repair processes, which are core to semiconductor substrates. AOI is equipment that automatically inspects pattern defects on semiconductor substrates using optical technology, and AOR is equipment that automatically repairs defective substrates.
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