KNS Submits Securities Registration Statement... Launching KOSDAQ Listing Process

KNS announced on the 31st that it submitted a securities registration statement to the Financial Services Commission on the 30th and is entering the full-scale public offering process for listing on the KOSDAQ market.

KNS plans to offer 750,000 shares entirely as new shares in this public offering. The expected offering price is between 19,000 and 22,000 KRW per share, with a total offering amount of 14.2 billion to 16.5 billion KRW. The demand forecast will be conducted over five days from the 16th to the 22nd of next month. After the general subscription on the 27th and 28th of the same month, the company aims to be listed on the KOSDAQ within December. Shinyoung Securities is the lead underwriter for the listing.

KNS, established in April 2006, is a manufacturer of automated equipment for secondary battery CID (Current Interrupt Device) components. Starting with the production of automated equipment for key display components, since 2013, the company has been developing automated equipment for secondary battery CID parts. In addition to CID component equipment, KNS has developed secondary battery BMA (Battery Module Assembly) equipment and prismatic CAP Assembly equipment, enabling production of equipment for all secondary battery form factors (cylindrical, prismatic, pouch).

The ability to operate and expand these businesses is based on efficient design technology grounded in approximately 18 years of experience in automated equipment design. The company’s automated equipment utilizes CAM technology, offering shortened processes and design efficiency compared to competitors, providing advantages in cost and production speed. Furthermore, it achieves a 99% yield rate, demonstrating superior quality compared to competitors.

Based on this technological capability, the company has successfully developed automated equipment for CID used in cylindrical batteries, CAP ASSY automated equipment for prismatic batteries, and BMA automated equipment for battery modules, thereby establishing a full battery equipment portfolio. Additionally, KNS has developed and is producing and supplying 46-pi cylindrical battery DEEP RUNNING VISION inspection automated equipment and 46-pi CAN RIVET assembly automated equipment, securing technological capabilities for future growth.

The company is concurrently operating not only its future growth engine, the secondary battery equipment business, but also its core business of manufacturing and consulting for display packaging automation equipment. In 2015, it established a subsidiary in Vietnam (KNS VINA), and in 2017, it was registered as a first-tier vendor for Samsung Display Vietnam (SDV), located locally in Vietnam, achieving continuous profit generation.

To respond to increasing capital investments by upstream companies, KNS recently constructed a second factory, which is nearing completion. Upon completion, production capacity is expected to approximately double compared to the current capacity, contributing to the company’s external growth.

Based on its high technological expertise in automated equipment manufacturing, the company’s sales have shown rapid growth. In 2022, sales reached 34.7 billion KRW, a 22% increase from 28.6 billion KRW in 2021, and operating profit grew 51% from 4 billion KRW in 2021 to 6.1 billion KRW in 2022, demonstrating solid profit growth.

The company plans to use the funds raised from this public offering for domestic and overseas facility investments and equipment manufacturing research and development. Based on these investments, KNS aims to attract global customers, expand order volumes, strengthen customer responsiveness, reduce costs, and improve production efficiency to achieve higher growth.

Jung Bong-jin, CEO of KNS, stated, “KNS is a company capable of producing automated equipment for parts corresponding to all secondary battery shapes such as cylindrical, prismatic, and pouch types,” adding, “Through this IPO, we will secure a competitive edge in the secondary battery parts automation equipment market and focus on technological advancement for higher growth.”

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