[Asia Economy Reporter Park Hyungsoo] Yuil Robotics, a production automation robot solution company, has officially begun its steps toward listing on the KOSDAQ market.
According to the Financial Supervisory Service on the 2nd, Yuil Robotics will conduct a public offering of a total of 2.15 million shares for its initial public offering (IPO). The desired public offering price per share is between 7,600 and 9,200 KRW. Through the offering, it plans to raise approximately 19.78 billion KRW based on the upper limit of the offering price. The lead underwriter is Korea Investment & Securities.
From the 24th to the 25th, a demand forecast will be conducted targeting institutional investors to finalize the public offering price. Subscription for general investors will be accepted over two days from the 7th to the 8th of next month.
Yuil Robotics primarily engages in manufacturing and selling automation equipment for injection molding manufacturers. It has rapidly grown in the robot business and automation systems, including Cartesian robots, collaborative robots, and multi-joint robots. In October last year, at the '2021 RoboWorld,' it unveiled the intelligent robot brand ‘Linkobot,’ based on robot sensors and cloud systems.
Yuil Robotics has also entered the field of manufacturing smart devices related to injection molding and building automation systems utilizing them. It introduced the smart factory solution ‘Linkfactory 4.0,’ which combines an auto-feeding system and cooling system for automation in injection molding manufacturing sites with peripheral injection devices and industrial robots.
Kim Dongheon, CEO of Yuil Robotics, stated, "Yuil Robotics plans to lead the market by securing differentiated technological capabilities across the industrial robot and smart factory sectors," and added, "Through the KOSDAQ listing, we will leap forward as a global company with technological competitiveness on par with leading overseas companies."
On a consolidated basis, Yuil Robotics recorded sales of 25.1 billion KRW up to the third quarter of last year. Operating profit for the same period was 2.5 billion KRW. These figures represent increases of 38% and 105%, respectively, compared to the same period the previous year.
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