[This Week's IPO] Demand Forecast and Subscription Schedule for the First Week of August

[Asia Economy Reporter Jang Hyowon] In the first week of this month (August), Ajou Steel, Deepnoid, Lotte Rental, Brains Company, S&D, and ABION will conduct demand forecasting targeting institutional investors.

◆Ajou Steel= Ajou Steel is a company specialized in the development and manufacturing of color steel sheets for home appliances. Color steel sheets are steel materials whose surfaces are processed in various ways to provide functionality such as antibacterial properties and a colorful appearance. They are applied in various sectors including premium lines of home appliances such as TVs, refrigerators, washing machines, and building materials. The company has secured major domestic home appliance manufacturers and global leading companies as clients, with 69.0% of its sales in 2020 coming from the home appliance sector.

The total number of shares offered is 6,937,500, with an offering price per share ranging from 12,700 to 15,100 KRW, and the offering size is between 88.1 billion and 104.7 billion KRW. Demand forecasting will be conducted on August 2-3, followed by general subscription on August 9-10, with plans to list on the KOSPI market within August. The lead underwriter is Mirae Asset Securities.

◆Deepnoid= Established in 2008, Deepnoid is a medical AI solution specialist company that develops and sells medical AI solutions based on its self-developed AI efficiency tools. Its main businesses include the medical AI solution 'DEEP:AI' that assists medical professionals in diagnosis and interpretation, the tool 'DEEP:PHI' that allows development of various AI solutions without coding, the marketplace 'DEEP:STORE' for buying and selling AI solutions, and the medical image storage and transmission system (PACS) 'DEEP:PACS' that integrates with AI solutions to view, interpret, and analyze medical images.

The number of shares offered is 300,000, with a desired offering price band of 31,500 to 42,000 KRW, resulting in an offering size of 9.4 billion to 12.6 billion KRW. Demand forecasting will be held on August 2-3, followed by subscription on August 5-6, with plans to enter the KOSDAQ market. The lead underwriter is KB Securities.

◆Lotte Rental= Lotte Rental, established in 1986, is a leading comprehensive rental company in Korea, operating businesses such as auto rental, used cars, general rental, and mobility (car sharing). Its major subsidiaries include the car sharing service 'Green Car,' rental car maintenance company 'Lotte Auto Care,' and leasing and financial installment company 'Lotte Auto Lease.' It also has overseas subsidiaries in Vietnam and Thailand.

The total number of shares offered is 14,422,000, with a desired offering price range of 47,000 to 59,000 KRW, and the expected offering amount is 850.8 billion KRW based on the upper band. Demand forecasting will be conducted on August 3-4 to finalize the offering price, followed by general subscription over two days on August 9-10. The planned listing is scheduled for August. The joint lead underwriters are Korea Investment & Securities and NH Investment & Securities, with KB Securities as a co-underwriter.

◆Brains Company= Founded in 2000, Brains Company is a package software development and sales company, primarily engaged in the development and sales of IT infrastructure integrated management software. Due to the nature of enterprise system software business, which requires long-term market verification for system stability and data reliability, the company has established a strong entry barrier and maintains stable growth. Recently, it has forecasted a steeper growth curve fueled by the explosive growth of new IT infrastructures such as cloud and IoT.

The total number of shares offered is 600,000, with a desired offering price range of 20,000 to 22,500 KRW per share. The offering amount is approximately 13.5 billion KRW based on the upper band. Demand forecasting will be held on August 3-4, followed by general subscription on August 9-10, with plans to list on the KOSDAQ market. The lead underwriter is Kiwoom Securities.

◆S&D= S&D is a functional food ingredient specialist company founded in 1998 by CEO Yeo Kyungmok, a former researcher at the Korea Institute of Science and Technology (KIST). Its main business areas include manufacturing general functional food ingredients and health functional food ingredients. The company was listed on the KONEX market in 2016.

The total number of shares offered is 1,023,000, with a desired offering price band of 30,000 to 32,000 KRW per share. Demand forecasting will be conducted over two days on September 4-5 to finalize the offering price, followed by general subscription on September 9-10. The planned listing is scheduled for mid-August, and the lead underwriter is Eugene Investment & Securities.

◆ABION= Established in 2007, ABION is a biomarker-based innovative anticancer drug development company. It was listed on the KONEX market in July 2014 and is now challenging a transfer listing to the KOSDAQ market through a technology special listing method after eight years. The company's main pipelines include the small molecule compound 'ABN401' targeting the hepatocyte growth factor receptor (c-Met) and the next-generation interferon-beta biobetter 'ABN101.' In addition, it holds seven other pipelines, demonstrating potential to address unmet needs in the global bio market.

The total number of shares offered is 2,280,000, with a desired offering price range of 14,500 to 17,000 KRW per share. Demand forecasting will be conducted on August 5-6 to finalize the offering price, followed by general subscription on August 11-12. The planned listing is scheduled for mid-August, with Mirae Asset Securities and Hanwha Investment & Securities as lead underwriters.