Korea PIM Launches IPO General Subscription... "Humanoid and Autonomous Driving Business in Full Swing"

Korea PIM, the leading domestic company in MIM (Metal Injection Molding) technology, announced on the 25th that it will begin the initial public offering (IPO) subscription for general investors. The general subscription will be conducted over two days from the 25th to the 26th through IBK Investment & Securities, and Korea PIM is scheduled to be listed on the KOSDAQ market on the 4th of next month.

Korea PIM recorded a high competition rate of 1,214.55 to 1 in the demand forecast from institutional investors, confirming the public offering price at the top end of the desired range at 11,200 KRW. Institutional investors highly evaluated Korea PIM's future growth potential, noting the diversification of MIM technology applications into humanoid robots and autonomous driving. Among the participating institutions in the demand forecast, 98.69% offered prices at or above the top end of the public offering price range.

With this listing as a turning point, Korea PIM plans to accelerate achievements in the information technology (IT) and autonomous driving sectors and expand the application fields of MIM technology to humanoid robots, logistics robots, and more. Korea PIM has secured mass production technology by applying titanium, a next-generation lightweight material, to MIM capable of ultra-precision manufacturing, and is developing core materials for the robotics field based on its proprietary technology.

A Korea PIM representative stated, “Based on our unique MIM technology, we have secured global major corporations as clients and continue to maintain stable performance. After listing, we plan to maximize sales focusing on high value-added industries. We will establish a titanium material factory and build mass production facilities for new IT and autonomous driving products using the proceeds from the public offering to actively realize new business achievements.”

He added, “In the IT sector, we plan to establish a dedicated line at our production base in Vietnam, which will enable us to respond to mass production demands from global IT major clients who are increasingly adopting our products. We will strengthen our research and development (R&D) capabilities and aim to leap from the domestic number one to the global number one MIM company.”

Since its establishment in 2001, Korea PIM has secured the number one market position in the domestic MIM field through continuous technological advancement. It has succeeded in establishing a stable performance base by supplying ultra-precision products to global top-tier companies in various industries such as automotive, IT, and autonomous driving. In 2023, on a consolidated basis, it recorded sales of 38 billion KRW and an operating profit margin of 11.3%.

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