[Featured Stock] Woojin Entec Hits Upper Limit Following Double Gain

Woojinentec, which recorded a 'double-double' (4 times the IPO price) on its first day of listing, also hit the upper price limit on the second day.

As of 9:38 AM, Woojinentec closed at 27,550 KRW, up 6,350 KRW (29.95%) from the previous trading day. On the first day of listing, the 24th, it closed at 21,200 KRW, a 300.00% increase from the IPO price of 5,300 KRW.

Woojinentec set its IPO price at 5,300 KRW, exceeding the upper limit of the expected price band (4,300?4,900 KRW) with a demand forecast competition rate of 1,263 to 1 among institutional investors. Subsequently, the general subscription competition rate was 2,707 to 1, gathering approximately 3.7 trillion KRW in deposits.

Woojinentec is a company engaged in maintenance services essential for nuclear power plant operations. It provides maintenance services for instrumentation and control equipment and commissioning work at 10 nuclear and thermal power plants nationwide.

In 2022, it recorded sales of 37.4 billion KRW and operating profit of 5.7 billion KRW. As of the third quarter of last year, it holds an order backlog of over 47.8 billion KRW. With the recovery of the nuclear power ecosystem, the company aims to steadily increase sales and profit margins by expanding orders.