Should I Try Applying for IPO Shares... This Week's Schedule

[Asia Economy Reporter Jang Hyowon] The public offerings conducting general subscriptions this week (January 18-22) include five companies: Seonjin Beauty Science, Mobirix, CNTOOS Seongjin, Finger, and SoluM.

◆Seonjin Beauty Science=Seonjin Beauty Science focuses on producing raw materials for sunscreen, color cosmetics, and skincare products. As of the end of Q3 last year, it recorded sales of 35.7 billion KRW and operating profit of 3.6 billion KRW. The compound annual growth rate (CAGR) of sales from 2007 to 2019 was 13.2%.

The demand forecast for institutional investors showed a competition rate of 1,431.28 to 1, ranking third highest in KOSDAQ history. The public offering price was set at the upper end of the desired price range, 11,500 KRW. The lead underwriters are Shinhan Financial Investment and Samsung Securities. The general subscription dates are January 18-19.

◆Mobirix=Mobirix is a company specializing in mobile game development and publishing. It offers over 200 games including 'Brick Breaker', 'Marvel Mission', and 'Cell Expansion War'.

As of Q3 last year, sales, operating profit, and net profit were 33 billion KRW, 7.1 billion KRW, and 5.9 billion KRW, respectively. Compared to the same period last year, sales increased by 7.85%, operating profit by 52.28%, and net profit by 58.86%. The lead underwriters are Korea Investment & Securities, KB Securities, and Shinyoung Securities. The general subscription dates are January 19-20.

◆CNTOOS Seongjin=CNTOOS Seongjin manufactures air filters and health and industrial masks based on its self-produced MB fabric. As of Q3 last year (consolidated), it recorded sales of 116.1 billion KRW, operating profit of 54.9 billion KRW, and net profit of 22.9 billion KRW. This is the highest performance ever, surpassing the total sales of 47.5 billion KRW in 2019.

The demand forecast for institutional investors recorded a competition rate of 1,010.02 to 1. The public offering price was set at the upper end of the desired band, 32,000 KRW. The lead underwriter is Mirae Asset Daewoo. The general subscription dates are January 19-20.

◆Finger=Finger develops platforms for building digital financial services and provides related services. It possesses core fintech technologies necessary for implementing digital financial services. It holds the largest number of smart banking construction references among domestic financial institutions, including Shinhan Bank, KEB Hana Bank, and IBK Industrial Bank of Korea.

In 2019, consolidated sales were 60 billion KRW and operating profit was 4.7 billion KRW. The cumulative results up to Q3 last year were sales of 42.3 billion KRW and operating profit of 2.8 billion KRW. Sales increased by 13.1% and operating profit by 25.8% compared to the same period last year. The lead underwriter is Daishin Securities. General subscriptions will be conducted on January 21-22.

◆SoluM=SoluM is an electronic components manufacturing company established in 2015 after spinning off from Samsung Electro-Mechanics. Based on its business supplying power necessary for electronic products, it is expanding its business areas with products such as electronic shelf labels (ESL) and '3 in 1 Board'.

As of Q3 last year (consolidated), cumulative sales were 812 billion KRW, operating profit was 45.8 billion KRW, and net profit was 34 billion KRW. The lead underwriters are Mirae Asset Daewoo and KB Securities. General subscriptions will be conducted on January 21-22.