[Special Stock] P&SMecanics, KOSDAQ Listing First Day Sees Over 30% Rise Compared to IPO Price

P&SM Mechanics is rising more than 30% compared to the public offering price on its first day listed on KOSDAQ.

As of 9:25 a.m. on the 31st, P&SM Mechanics was trading at 29,750 KRW, up 7,750 KRW (35.23%) from the public offering price of 22,000 KRW.

P&SM Mechanics was established in 2003. Since then, it has developed over 300 types of robots. In 2011, it launched its flagship product, the walking rehabilitation robot ‘Walkbot,’ which scientifically assists patients who have difficulty walking due to stroke, spinal cord injury, polio, and other conditions.

P&SM Mechanics is evaluated to have quality and price competitiveness with its internalized core technology and a parts localization rate reaching 95%. Based on accumulated technological expertise, it has steadily conducted research and development and performance improvements, building a diverse lineup of walking rehabilitation robots.

In the demand forecast for institutional investors conducted from the 11th to the 17th of this month, it recorded a competition rate of 986.08 to 1. The public offering price was set at 22,000 KRW, exceeding the expected range (14,000 KRW to 17,000 KRW). In the public subscription for general investors held on the 22nd and 23rd of this month, it showed a competition rate of 1,585.92 to 1. Subscription deposits amounted to 5.8877 trillion KRW.