SBV Tech Submits Securities Registration Statement... Aiming for KOSDAQ Listing in October

Public Offering Price Expected Range 10,100~12,400 KRW
Demand Forecasting on September 15~16, General Subscription on September 22~23

[Asia Economy Reporter Jang Hyowon] SBV Tech, a precision reducer specialist company for robots (CEO Ryu Jaewan), announced on the 18th that it has submitted a securities registration statement for KOSDAQ listing and has begun full-scale preparations for its IPO.

The "BB" in SBV Tech's name stands for "Ball & Bearing." Established in 1993, the company began domestic production of ceramic balls used in ballpoint pens and ultra-thin bearings used in semiconductor processes, and based on this, succeeded in developing and mass-producing harmonic reducers, which are core components for robot drives. In 2019, President Moon Jae-in personally visited the company, drawing further attention as a promising materials, parts, and equipment (SoBuJang) enterprise.

In particular, the harmonic reducer plays an important role in precise machinery and robotic operations due to its high precision with an angular transmission error of 0.01 degrees and lightweight design. While most of the market relies on imported products (mainly from Japan), SBV Tech is the first domestic manufacturer to mass-produce harmonic reducers, offering significant competitiveness in delivery times and pricing.

SBV Tech has secured all the demanding technical capabilities and core proprietary technologies required to design and manufacture harmonic reducers, including ultra-thin bearing components, ultra-small precision machining, and wear-resistant heat treatment technologies. Through continuous national R&D projects and collaborations with large corporations, the company has generated performance, with sales expected to sharply increase from approximately 6.8 billion KRW last year to 43 billion KRW in 2024.

Based on solid product technology, SBV Tech holds a portfolio of major corporate clients in defense, display, and shipbuilding industries and stated, "After listing, we plan to expand our product portfolio and accelerate our entry into the global market."

Meanwhile, aiming for an October listing on the KOSDAQ market through a "SoBuJang Technology Special Listing," SBV Tech plans to offer 1.8 million shares out of a total of 5,944,490 shares to be listed, with a desired public offering price range of 10,100 to 12,400 KRW per share. The expected market capitalization after listing is approximately 60 billion to 73.7 billion KRW. After a demand forecast on September 15-16, general investor subscription will be conducted from September 22 to 23. The lead underwriter is Mirae Asset Securities.