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

In the fourth week of this month (May), HVM, Innospace, and Gridwiz will conduct demand forecasting for institutional investors.

◆HVM= Established in 2003, HVM is a high value-added metal manufacturing specialist company that has built outstanding competitiveness in the advanced metal manufacturing sector. It has also succeeded in developing core materials for FMM (Fine Metal Mask), an essential component in OLED display manufacturing.

In this IPO, 2.4 million shares will be offered. The desired offering price band per share is KRW 11,000 to KRW 14,200, with the expected amount to be raised based on the upper limit approximately KRW 34.1 billion. Demand forecasting for institutional investors will be conducted from the 22nd to the 28th to finalize the offering price, followed by a general subscription from the 30th to the 31st. The company plans to be listed on the KOSDAQ market in June, with NH Investment & Securities as the lead underwriter.

◆Innospace= Innospace, established in 2017, is the only domestic startup based on independent hybrid rocket technology for space launch vehicles. Using its representative launch vehicle ‘HANBIT,’ it commercializes launch services to transport satellites for customers worldwide into space.

The total number of shares offered is 1.33 million, with a desired offering price band of KRW 36,400 to KRW 45,600 per share. Through this offering, it aims to raise approximately KRW 48.4 billion to KRW 60.6 billion (based on the lower and upper limits of the offering price band). Demand forecasting for institutional investors will be conducted over five days from the 23rd to the 29th to finalize the offering price, followed by a general subscription on the 3rd and 4th of next month. Mirae Asset Securities is the lead underwriter.

◆Gridwiz= Founded in 2013, Gridwiz is developing its business centered on energy data technology. The company is expanding its business areas in various energy technology fields, including ▲Demand Response (DR) business ▲E-Mobility (EM) business ▲Energy Storage System (ESS) business ▲Photovoltaic (PV) business.

In this IPO, 1.4 million shares will be offered, with a desired offering price of KRW 34,000 to KRW 40,000. The offering size is expected to be KRW 47.6 billion to KRW 56 billion, and the market capitalization after listing is predicted to reach KRW 270.2 billion to KRW 317.9 billion. Gridwiz will conduct demand forecasting for domestic and international institutional investors over five days from the 23rd to the 29th and hold a general subscription on the 3rd and 4th of June. Samsung Securities is the lead underwriter.