[This Week's IPO] July Third Week Demand Forecast and Subscription Schedule

In the third week of this month (July), iBeam Technology and TDS Pharm will conduct demand forecasting targeting institutional investors. Sanil Electric is preparing for a general subscription.

◆iBeam Technology= iBeam Technology was established in 2017 as a faculty startup based on the innovative IntraVital Microscopy (IVM) core technology developed by CEO Kim Pil-han, a professor at the Korea Advanced Institute of Science and Technology (KAIST) Medical School. It is a biotechnology company that succeeded in commercializing the world's first All-in-One integrated intravital microscopy equipment.

The total number of shares offered is 2,234,000, all newly issued shares. The expected price range per share is from 7,300 KRW to 8,500 KRW. The company will conduct demand forecasting for five business days from the 15th to the 19th to finalize the offering price and will accept general subscriptions on the 25th and 26th. The total expected offering amount is approximately 18.9 billion KRW based on the upper limit of the price band. The company plans to be listed on the KOSDAQ market in August, with Samsung Securities as the lead underwriter.

◆TDS Pharm= Established in 2002, TDS Pharm is a company primarily engaged in the development and manufacturing of transdermal drug delivery systems (TDDS), a high-growth sector within drug delivery systems (DDS). TDDS is a drug delivery system that administers drugs through the skin at a controlled rate.

The company plans to issue 1 million new shares. The offering price per share is between 9,500 KRW and 10,700 KRW, with a total offering amount ranging from 9.5 billion KRW to 10.7 billion KRW. Demand forecasting targeting institutional investors will be conducted from the 18th to the 24th, with the final offering price to be determined, followed by general subscriptions from the 30th to the 31st. The lead underwriter is Korea Investment & Securities.

◆Sanil Electric= The expected offering price per share is between 24,000 KRW and 30,000 KRW. The total number of shares offered is 7.6 million, with an expected offering amount of approximately 182.4 billion KRW to 228 billion KRW. General subscriptions are planned for the 18th and 19th. The lead underwriter is Mirae Asset Securities.

Sanil Electric is a manufacturer of special transformers. Special transformers are used for specific purposes in environments with severe weather changes such as offshore wind power, solar power, and marine plants. Due to the need for special design technology for loads containing harmonic components and multi-phase multi-pulse rectification functions to ensure stable operation of transformers, the technical difficulty is higher compared to general transformers, and product quality reliability is crucial.