[This Week's IPO] February Third Week Demand Forecast and Subscription Schedule

by Jang Hyowon

Published 11 Feb.2024 08:00(KST)

In the third week of this month (February), KNR System will conduct a demand forecast targeting institutional investors. E8, Kosem, KWeather, and APR are preparing for general subscription.

◆KNR System= KNR System has accumulated 24 years of experience in building systems based on hydraulics and electric drives, as well as precision control technology, operating a testing equipment business used in various industries such as robotics, automotive, railway, civil engineering, and energy. It is the only company in Korea that internalizes all core hardware and software technologies constituting hydraulic robots to produce robot systems.

A total of 2,104,000 shares will be offered. The expected offering price is 9,000 to 11,000 KRW, with a total offering amount of 18.9 billion to 23.1 billion KRW. The demand forecast for institutional investors will be held from the 16th to the 22nd, and the subscription for general investors will take place on the 26th and 27th. DB Financial Investment and NH Investment & Securities are joint lead managers.

◆E8= E8 has finalized the offering price at 20,000 KRW. Approximately 1,600 institutions participated in the demand forecast for institutional investors, recording a competition rate of 631 to 1. The general subscription will be held over two days from the 13th to the 14th, and the scheduled listing date is the 23rd. The lead manager is Hanwha Investment & Securities.

E8 is a digital twin platform company that implements Level 3 digital twins equipped with simulation technology for the first time in Korea. Its particle-based simulation NFLOW complements the limitations of conventional lattice-based computational fluid dynamics simulations.

◆Kosem= Kosem finalized the offering price at 16,000 KRW, exceeding the upper limit of the expected price band (12,000 to 14,000 KRW). A total of 2,022 domestic and international companies participated in the demand forecast, achieving a high competition rate of 1,267.6 to 1, the highest record this year. General subscription will be held from the 13th to the 14th, and it is scheduled to be listed on KOSDAQ on the 23rd. The lead manager is Kiwoom Securities.

Kosem began commercializing products in 2011 with the launch of the tabletop scanning electron microscope (SEM) and subsequently succeeded in developing the world's first integrated EDS technology for tabletop SEMs. It has received the New Excellent Technology (NET) certification three times with different technologies, proving its technological prowess in the global market.

◆KWeather= KWeather finalized the offering price at 7,000 KRW, exceeding the upper limit of the expected price band. A total of 1,999 institutions participated in the demand forecast, recording a high competition rate of 1,362.5 to 1. Among the participating institutional investors, 98.5% proposed prices exceeding the upper limit of the expected price band (4,800 to 5,800 KRW). General subscription will be held on the 13th and 14th, followed by listing on the 22nd. The lead manager is NH Investment & Securities.

KWeather is the largest private weather company in Korea. It operates mainly in two areas: the 'Weather Big Data Platform,' which provides customized weather data including private forecasts through the country's only weather big data platform, and the 'Air Big Data Platform,' which manages indoor air quality, considered indoor weather.

◆APR= APR's expected offering price ranges from 147,000 to 200,000 KRW. The offering size is estimated between 55.7 billion and 75.8 billion KRW, with a post-listing market capitalization expected to reach 1.1149 trillion to 1.5169 trillion KRW. The demand forecast was conducted until the 8th, and general subscription will be held on the 14th and 15th. The lead managers are Shinhan Investment Corp. and Hana Securities.

Founded in 2014, APR is a global beauty tech company achieving solid performance domestically and internationally through its beauty and fashion brands. It operates a business based on business-to-consumer (B2C) general consumer goods with beauty brands such as Mediheal, Aprilskin, Forment, Glamdiva Bio, and fashion brand Noldy.