[This Week's IPO] February Fourth Week Demand Forecast and Subscription Schedule

[Asia Economy Reporter Jang Hyowon] In the fourth week of this month (February), Koramco The One REITs, Moa Data, G2 Power, Daemyung Energy, and Yuil Robotics will conduct demand forecasting targeting institutional investors. BCN C and Noeul are preparing for general subscription.

◆Koramco The One REITs= Koramco The One REITs is a REIT holding the ‘Hana Financial Investment Building,’ a landmark building in Yeouido’s financial special district, as its underlying asset. It is Koramco Asset Trust’s first perpetual office REIT, maintaining the No. 1 position in the domestic private REITs market for 20 years.

The planned number of shares to be offered is 19.5 million, with a public offering price of 5,000 KRW per share, and the expected total offering amount is 97.5 billion KRW. Demand forecasting for institutions will be conducted on the 21st and 22nd, followed by general subscription on March 2nd and 3rd, payment on March 7th, and then listing application on the Korea Exchange’s KOSPI market within March. The lead underwriters are Samsung Securities and Hana Financial Investment Securities.

◆Moa Data= Established in 2014, Moa Data launched Korea’s first AIOps solution, ‘PETAON Forecaster,’ to overcome the limitations of existing ICT management systems. In 2020, the company achieved sales of 12.7 billion KRW from this product alone and currently has clients including public enterprises and major domestic corporations, showing continuous sales growth.

The total number of shares to be offered is 800,000, with a desired public offering price range of 24,000 to 28,000 KRW per share. The total offering amount is expected to be between 19.2 billion and 22.4 billion KRW. Demand forecasting will be held over two days on the 21st and 22nd, with general subscription scheduled for the 25th and 28th. The underwriter is Hana Financial Investment.

◆G2 Power= Founded in 2010, G2 Power provides industrial equipment condition monitoring and diagnostic IT solutions based on IoT, ICT, and AI-based Condition Monitoring and Diagnosis (CMD) technology. The company’s main business involves installing and supplying intelligent CMD to industrial equipment vulnerable to electrical safety accidents such as switchgear, solar power systems, and ESS, as well as various public facilities.

The number of shares to be offered is 885,000, with a planned offering price range of 13,500 to 16,400 KRW per share, totaling approximately 11.9 billion to 14.5 billion KRW. Demand forecasting will take place on the 22nd and 23rd, followed by subscription on March 2nd and 3rd, with a planned listing on the KOSDAQ market in mid-March. The underwriters are Korea Investment & Securities and KB Securities.

◆Daemyung Energy= Established in 2014, Daemyung Energy is a company possessing total solutions for renewable energy. With outstanding technology domestically, Daemyung Energy directly handles all stages from business development to design, procurement, construction, and operation management in renewable energy fields such as wind and solar power.

The total number of shares to be offered is 4.5 million, with a desired public offering price band of 25,000 to 29,000 KRW per share, amounting to approximately 112.5 billion to 130.5 billion KRW. Demand forecasting targeting institutional investors will be held over two days on the 23rd and 24th, with general subscription on March 3rd and 4th. The company plans to list on the KOSDAQ market in March. The lead underwriter is Korea Investment & Securities, with Samsung Securities as joint underwriter.

◆Yuil Robotics= Starting as Yuil System Co., Ltd. in 2011, Yuil Robotics has been engaged in manufacturing and selling automation equipment for injection molding manufacturers. Based on this, it has rapidly grown in the robot business and automation systems, including Cartesian robots, collaborative robots, and multi-joint robots, and is currently focusing on industrial robot development.

The total number of shares to be offered is 2.15 million, with a desired public offering price range of 7,600 to 9,200 KRW per share. Through this offering, approximately 19.78 billion KRW (based on the upper limit of the desired price band) will be raised. Demand forecasting targeting institutional investors will be conducted on the 24th and 25th to finalize the public offering price, followed by general subscription on March 7th and 8th, with listing planned within March. The lead underwriter is Korea Investment & Securities.

◆BCNC= BCNC, a semiconductor equipment parts and new materials development specialist company (CEO Kim Donhan), has set its public offering price at 13,000 KRW, higher than the top of the desired price band. BCNC, preparing for listing under the lead of NH Investment & Securities, will accept general investor subscriptions over two days on the 21st and 22nd, and plans to list on the KOSDAQ market on March 3rd. The expected market capitalization after listing is approximately 160.7 billion KRW.

BCNC’s main product, ‘QD9,’ is a self-developed product brand using synthetic quartz instead of natural quartz, which was previously used for consumable parts such as ‘focus rings’ used in semiconductor etching processes. Synthetic quartz parts have 30-50% longer lifespan than natural quartz, increasing equipment uptime and eliminating dust caused by microbubbles during semiconductor manufacturing, thereby improving yield.

◆Noeul= The public offering price of Noeul, a next-generation diagnostic testing platform company, has been set at 10,000 KRW. General investor subscription will be conducted over two days on the 21st and 22nd for 375,000 shares, which is 25% of the total offering volume, and the company plans to list on March 3rd. Korea Investment & Securities is the lead underwriter, with Samsung Securities as joint underwriter.

Noeul developed the ‘miLab platform,’ which diagnoses diseases by analyzing blood and tissue cells based on embedded AI technology and its proprietary NGSI (Next Generation Staining and Immunostaining) technology, a solid-state next-generation staining and immunodiagnostic technology.