[Featured Stock] Yuil Enertech Surges on First Day of Listing Amid 'Secondary Battery Business Expectations'

[Asia Economy Reporter Lee Seon-ae] Yuil Energy Tech, a secondary battery equipment company, is showing a sharp rise on its debut day on the KOSDAQ.

As of 9:27 AM on the 25th, Yuil Energy Tech is trading at 37,300 KRW, up 16.56% from the opening price. The opening price was set at 32,000 KRW, which is double the public offering price of 16,000 KRW.

Previously, during the demand forecast for institutional investors on the 5th and 6th, Yuil Energy Tech confirmed the public offering price at 16,000 KRW, far exceeding the expected range of 11,000 to 14,000 KRW, and the institutional commitment rate also recorded 23%. Subsequently, in the general public subscription held on the 15th and 16th, the competition rate reached 683.55 to 1, and the subscription deposit was approximately 2.6415 trillion KRW.

Founded in 2012, Yuil Energy Tech produces specialized equipment applied to the assembly process, a core process of secondary batteries, and supplies it to global battery companies both domestically and internationally. Its main products are equipment related to electrode 'notching' and 'stacking,' and it holds unique technological patents in these fields, securing a favorable position in the market.