Energy storage system (ESS) component company Hanjung NS announced on the 11th that it recorded a general subscription competition rate of 1000.82 to 1.
Hanjung NS received a total of 134,436 subscription applications over two days starting from the 10th, targeting general investors. Approximately 6 trillion and 4.8 billion KRW in deposits were gathered. Previously, Hanjung NS conducted a demand forecast targeting domestic institutional investors and recorded a competition rate of 725.9 to 1, finalizing the public offering price at 30,000 KRW.
Hanjung NS will be listed on the KOSDAQ market on the 24th. The expected market capitalization after listing is approximately 262.5 billion KRW.
Hanjung NS is a company that develops ESS components and electric vehicle (EV) parts. Based on its proprietary technology, it mass-produces and supplies core components that make up the water-cooled cooling system to its customers. With the rapid growth of the ESS industry, demand for water-cooled cooling systems is increasing. The company analyzed that Hanjung NS's growth potential acted as a positive factor in the general subscription.
Kim Hwan-sik, CEO of Hanjung NS, said, "In the ESS market with limitless growth potential, the water-cooled ESS cooling system technology possessed by Hanjung NS will be a unique competitive advantage leading the industry."
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