[This Week's IPO] Demand Forecast and Subscription Schedule for the Fourth Week of January

[Asia Economy Reporter Jang Hyowon] In the fourth week of this month (January), Inka Financial Services and BioFDNC will conduct demand forecasting for institutional investors. ASEMS and Narae Nanotech are preparing for general subscription.

◆Inka Financial Services= Established in 2007, Inka Financial Services is a corporate insurance agency (GA) that compares and analyzes various financial products from multiple insurance companies to recommend the optimal products to consumers and provides customized comprehensive asset management consulting services. As of the end of last year, it has 592 domestic branches and 11,113 planners.

The total number of shares offered is 879,800. The expected offering price is 23,000 to 27,000 KRW, with a total offering amount of 20.2 billion to 23.7 billion KRW. The demand forecasting will be conducted over two days on the 24th and 25th, followed by subscription on February 7th and 8th, with a planned listing on the KOSDAQ market in mid-February. Korea Investment & Securities is the lead underwriter.

◆BioFDNC= BioFDNC, a plant cell platform technology company, generates revenue through various active substances and pharmacological materials secured via plant cell line design technology. Currently, it has developed and secured about 250 types of plant cell lines and is involved in cryopreservation of endangered plants due to global climate change and environmental issues using plant cells.

The total number of shares offered is 1.3 million, with a desired offering price band of 23,000 to 29,000 KRW. The expected market capitalization after the offering is 203.9 billion to 257.1 billion KRW. Through this offering, it plans to raise 29.9 billion to 37.7 billion KRW. The demand forecasting for institutional investors will take place over two days on the 24th and 25th, and if the schedule proceeds as planned, listing on the KOSDAQ market is expected in February. DB Financial Investment is the lead underwriter.

◆ASEMS= ASEMS has fixed its offering price at the top end of the desired range, 8,000 KRW, which ranges from 7,000 to 8,000 KRW. The total offering amount is 16 billion KRW, and the expected market capitalization after listing is 88.2 billion KRW. A total of 1,713 institutional investors participated in the demand forecasting for 2 million shares, recording a competition rate of 1,618.3 to 1, with all institutions submitting bids at the top end of the desired price range. General subscription for individual investors will be conducted on the 24th and 25th, with a planned listing on the KOSDAQ market in early February. Korea Investment & Securities is the lead underwriter.

ASEMS, established in 2003, is an eco-friendly adhesive material company recognized for its eco-friendly adhesive technology by developing solvent-free adhesive films that are harmless to humans and the environment. Additionally, it has developed waterless dyed yarn and U-web, a fabric that secures both breathability and flexibility, and is preparing for product commercialization in collaboration with global companies.

◆Narae Nanotech= Narae Nanotech’s offering price was set at 17,500 KRW. A total of 371 institutional investors participated in the demand forecasting, recording a competition rate of 102.48 to 1. The total offering amount is approximately 54.3 billion KRW, and the market capitalization after listing is about 193.5 billion KRW based on the offering price. Subscription will be conducted on the 24th and 25th, with a planned listing on the KOSDAQ market on February 8th. Mirae Asset Securities is the lead underwriter.

Narae Nanotech’s core technologies are ultra-precision coating, curing, and module lamination technologies. Its main businesses include ▲ photoresist precision coating equipment for OLED photolithography processes ▲ precision lamination equipment that attaches cover glass and OLED panels in module processes ▲ polyimide coating and curing equipment for flexible OLED production.