Doosan Robotics Submits Securities Registration Statement... Begins IPO Offering Process

No.1 Domestic Collaborative Robot Market Share
Industry's Largest Lineup Available

Doosan Robotics, the No. 1 domestic collaborative robot market share holder, submitted a securities registration statement to the Financial Services Commission on the 23rd, officially starting the public offering process for listing on the KOSPI.

Doosan Robotics plans to offer 16.2 million shares in this IPO. The expected offering price ranges from 21,000 KRW to 26,000 KRW per share, with a total anticipated offering amount of 340.2 billion KRW to 421.2 billion KRW. The demand forecast will be conducted from the 11th to the 15th of next month, and the general subscription will take place from the 21st to the 22nd of next month. The lead underwriters for the listing are Mirae Asset Securities and Korea Investment & Securities, with KB Securities, NH Investment & Securities, and CS Securities serving as joint underwriters.

Founded in 2015, Doosan Robotics has maintained the No. 1 domestic market share since it began mass production of collaborative robots in 2018, and since 2021, it has held the 4th position in the global market excluding China. Doosan Robotics generates over 60% of its total sales overseas through more than 100 sales channels in over 40 countries, and has been continuously expanding its overseas market, including establishing a sales corporation in Texas, USA, in May last year.

Doosan Robotics is demonstrating high growth potential centered on research and development. Currently, it offers the industry’s largest lineup of 13 series, including ▲ four M-series lineups equipped with torque sensors on all six rotational axes ▲ two H-series lineups capable of handling heavy loads up to 25 kg ▲ six A-series lineups that achieve the industry's highest speed at a reasonable price ▲ and one E-series lineup specialized for the food and beverage (F&B) industry, certified by the U.S. National Sanitation Foundation (NSF) for food hygiene and safety. Based on these, the company is expanding its business into various fields such as manufacturing, services, and healthcare.

Additionally, through in-house technology development, Doosan Robotics has secured industry-leading force detection and collision sensitivity, obtaining the highest safety ratings of 'PLe' and 'Cat4'. Furthermore, about 40% of all employees are research and development (R&D) personnel, focusing on software innovation. Performance Level (PL) is a reliability rating of safety systems, classified from a to e, with e being the highest grade. Category (Cat) is a classification standard for safety systems, divided into four levels from 1 to 4, with 4 being the highest.

In 2021 and 2022, based on the growth of the global collaborative robot market and the company’s outstanding technology, Doosan Robotics surpassed 1,000 units in annual cumulative sales for two consecutive years. This year, positive product evaluations and rapidly increasing sales in Europe, the United States, and Asia are expected to further strengthen Doosan Robotics’ position in the global robot market.

Doosan Robotics plans to use the funds raised from this listing to enhance research and development and production capabilities, advance its technology, and strengthen its software platform, accelerating the establishment of an ecosystem encompassing the entire collaborative robot market. The company will also actively pursue expansion of overseas channels for business growth and is considering long-term expansion into the highly versatile B2C robot market.

Ryu Jeong-hoon, CEO of Doosan Robotics, stated, "Doosan Robotics has expanded its presence by developing collaborative robot solutions across manufacturing, food tech, and software platforms." He added, "Through this IPO, Doosan Robotics will further advance its collaborative robot hardware and software and establish itself as a leading company applying collaborative robots across various industries."

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