[This Week's IPO] Demand Forecast and Subscription Schedule for the Second Week of July

In the second week of this month (July), Sanil Electric, K3R, and P&S Mechanics will conduct demand forecasting for institutional investors.

◆Sanil Electric= Sanil Electric is a manufacturer of special transformers. Special transformers refer to transformers used for special purposes in environments with severe weather changes such as offshore wind power, solar power, and offshore plants. To ensure the stable operation of transformers, special design technology is required for multi-phase multi-pulse use for loads containing harmonic components and rectification, making the technical difficulty higher and product quality reliability more important compared to general transformers.

They are offering 7.6 million shares. The desired public offering price per share is 24,000 to 30,000 KRW, with a total expected offering amount of approximately 182.4 billion to 228 billion KRW. The demand forecasting for institutions will be conducted over five days from the 9th to the 15th, followed by general subscription on the 18th and 19th, aiming for a KOSPI listing at the end of July. The lead underwriter is Mirae Asset Securities.

◆K3R= Established in 2000, K3R is the only domestic developer of the ‘XR Middleware Solution (Universe XR Framework)’. The ‘XR Middleware Solution’ is an open software essential for the development and execution of XR content, and it is a core technology first developed domestically by K3R in 2015.

They are offering 1.4 million shares in this listing. The desired public offering price band is 12,500 to 15,500 KRW, resulting in an offering amount of 17.5 billion to 21.7 billion KRW. The market capitalization after listing is expected to be 93.6 billion to 116 billion KRW. Demand forecasting will be conducted over five days from the 10th to the 16th to finalize the offering price, followed by subscription on the 22nd and 23rd, with plans to list on the KOSDAQ market. The lead underwriter is Hana Securities.

◆P&S Mechanics= P&S Mechanics, whose main product is the walking rehabilitation robot ‘Walkbot’, has been an industry pioneer developing over 300 types of robots since its establishment in 2003. After enhancing its technological capabilities with advanced humanoid robots and haptic robots in collaboration with major domestic research organizations, it first introduced Walkbot in 2011.

The total number of shares offered is 1.35 million, with a desired public offering price range of 14,000 to 17,000 KRW per share. Demand forecasting for institutional investors will be conducted from the 11th to the 17th to finalize the offering price, followed by general subscription on the 22nd and 23rd. The listing is scheduled for July, and the lead underwriter is Kiwoom Securities.