[This Week's IPO] March Second Week Demand Forecast and Subscription Schedule

by Jang Hyowon

Published 10 Mar.2024 08:00(KST)

In the second week of this month (March), Innogrid and IMBDX will conduct demand forecasting targeting institutional investors. Samhyun and Angel Robotics are preparing for general subscription.

◆Innogrid= Innogrid is a specialized company in intelligent hybrid cloud operation platforms. In 2011, it launched its self-developed all-in-one private cloud solution, 'Cloudit.' It is currently recognized as the only domestic company possessing a full-stack cloud solution. Last year, it received A and BBB ratings from NICE Information Service and the Korea Institute for Advancement of Technology in technology evaluations.

The total number of shares offered is 600,000, with a desired public offering price per share of 29,000 to 35,000 KRW. Through this offering, it plans to raise approximately 21 billion KRW (based on the upper limit of the offering price). Demand forecasting for institutional investors will be conducted from the 12th to the 18th, after which the final offering price will be confirmed. General subscription will follow on the 20th and 21st, with a planned listing at the end of March. The lead underwriter is Korea Investment & Securities.

◆IMBDX= Established in 2018, the company focuses on cancer precision medicine and early diagnosis platform businesses. IMBDX's main platforms include ▲early cancer diagnosis platform CancerFind ▲CancerDetect, which detects minimal residual cancer after surgery ▲and prognostic/predictive diagnostic platforms for advanced cancer, AlphaLiquid 100 and AlphaLiquid HRR.

The company plans to offer a total of 2.5 million shares, with a desired public offering price per share of 7,700 to 9,900 KRW, amounting to a total offering size of 19.3 to 24.8 billion KRW. Demand forecasting targeting domestic and foreign institutional investors will be conducted over five days from April 4th to 8th. The lead underwriter is Mirae Asset Securities.

◆Samhyun= The desired public offering price is 20,000 to 25,000 KRW per share, with a total of 2 million shares offered. Demand forecasting was conducted until the 7th, and public subscription will be accepted on the 12th and 13th. The company plans to enter the KOSDAQ market within March. The underwriter is Korea Investment & Securities.

Founded in 1988, Samhyun supplies motion control systems specialized in smart actuators and power units based on '3-in-1' technology through the development of motors, controllers, and reducers. The company's flagship product, the smart actuator, features high performance, high precision control, and compactness, making it a system capable of leading industrial electrification and unmanned trends.

◆Angel Robotics= The company plans to offer a total of 1.6 million shares, with a desired public offering price band of 11,000 to 15,000 KRW. Demand forecasting will be conducted until the 12th, and general investor subscription will take place on the 14th and 15th. NH Investment & Securities is in charge of the underwriting.

Angel Robotics, established in February 2017, is a wearable robot specialized company engaged in businesses related to walking rehabilitation (MEDI), industrial safety (GEAR), daily assistance (SUIT), and robot parts (KIT). Its main revenue product, AngelX M20, has been sold to over 70 institutions, including major general hospitals such as Sinchon Severance Hospital, Bundang Seoul National University Hospital, and Samsung Changwon Hospital, and is being used for patient rehabilitation training.