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

In the fourth week of this month (May), Manyeo Gongjang will conduct a demand forecast targeting institutional investors. Jinyeong and Narasella are preparing for their general subscription.

◆Manyeo Gongjang= Established in 2012, Manyeo Gongjang is a total cosmetic company operating four brands under the clean beauty concept: the skincare brand ‘Manyeo’, ‘Our Vegan’ made with 100% vegan recipes, the fragrance body care specialized brand ‘Vanilla Boutique’, and the vegan color cosmetics brand ‘No Mercy’.

They plan to offer a total of 2 million shares with an expected public offering price of 12,000 to 14,000 KRW per share. The total public offering amount is estimated between 24 billion and 28 billion KRW. The demand forecast is scheduled for May 22-23, with the general subscription taking place on May 25-26. The lead underwriter is Korea Investment & Securities.

◆Jinyeong= Jinyeong’s public offering price was set at 5,000 KRW, exceeding the upper limit of the expected range (4,200 KRW). The demand forecast for institutional investors recorded a competition rate of 1,595.7 to 1. The general subscription will be held on May 22-23, and the listing is planned for June. The lead underwriter is Hi Investment & Securities.

Founded in 1996, Jinyeong is a specialized manufacturer of high-performance plastic sheets, pioneering the surface finishing materials market for furniture and interiors. Last year, its sales amounted to 48.1 billion KRW, with an operating profit of 6.4 billion KRW. The average annual growth rates of sales and operating profit over the past three years are approximately 26% and 58%, respectively.

◆Narasella= Narasella set its public offering price at the lower end of the expected band, 20,000 KRW. The demand forecast attracted participation from 760 institutions, recording a competition rate of 178.47 to 1. After the general subscription on May 22-23, Narasella is scheduled to be listed on KOSDAQ on June 2. The lead underwriter is Shin Young Securities.

Founded in 1990 as a wine import specialist, Narasella is a wine import and distribution company holding exclusive supply rights for over 120 brands and more than 1,000 varieties of wine. Narasella is well known as the sole exclusive importer of Chile’s , which surpassed 10 million cumulative sales domestically and is also called the ‘national wine’.