Conquering the World with Highly Versatile Smart Factory Devices and Solutions
[Asia Economy Reporter Minwoo Lee] M2i Corporation, a specialized company in equipment and solutions for smart factories, will be listed on the KOSDAQ market on the 29th. The company plans to lead the popularization of smart factories with the most versatile equipment and intuitive solutions.
On the 10th, Kim Jeong-ryeol, CEO of M2i Corporation, held an IPO briefing in Yeouido, Seoul, and announced the listing plan. CEO Kim said, "We have maintained profitability for 21 years since establishment, and growth continued in the first quarter compared to the same period last year," adding, "As demand for smart factories increases domestically and internationally, investment in key target markets such as semiconductors, displays, and secondary batteries is becoming active, so direct benefits are expected."
Founded in 1999, M2i Corporation provides essential products for building smart factories, including Human-Machine Interface (HMI) and the remote management system 'SmartSCADA'. Last year, sales reached 24.7 billion KRW, and operating profit was 6.7 billion KRW.
The flagship product, SmartHMI, is an electronic control device attached to factory equipment to monitor operating status and conditions. When combined with SmartSCADA, it allows comprehensive monitoring and management of all factory equipment at a glance. In particular, SmartSCADA can be linked with Enterprise Resource Planning (ERP) systems and Manufacturing Execution Systems (MES), enabling easy smart factory implementation.
CEO Kim emphasized, "The global competitiveness of M2i Corporation lies in having both products that directly connect to factory equipment and the solutions that manage them," adding, "We have already secured references by entering various fields from advanced industries such as semiconductors with Samsung Electronics and SK Hynix, displays, automobiles, and mobile, to pharmaceuticals and bio industries. Also, global distribution company Mizumi directly approached us to sign distribution and supply contracts, so we plan to expand overseas sales channels."
Meanwhile, M2i Corporation is conducting a demand forecast for institutional investors until today and will accept subscriptions from general investors on the 16th and 17th. The desired public offering price band is 15,600 to 18,900 KRW, with 3,335,000 shares offered. Based on the band, the expected public offering size is 52 to 63 billion KRW, and the corporate value is projected to reach 131 to 158.7 billion KRW. The listing underwriter is Mirae Asset Daewoo.
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