[Featured Stock] Taprun Total Solution Shows Weakness on First Day of Listing

Toprun Total Solution, newly listed on the KOSDAQ market, is experiencing a decline of more than 10% compared to its public offering price of 18,000 KRW.

At 10:31 AM on the 1st, Toprun Total Solution was trading at 15,270 KRW, down 15.22% from the public offering price.

The manufacturing parts company Toprun Total Solution recorded a competition rate of 841.12 to 1 in the demand forecast for institutional investors held from the 14th to the 18th of last month. The public offering price was set at 18,000 KRW, exceeding the expected range of 12,000 to 14,000 KRW.

During the public subscription for general investors held from the 23rd to the 24th of the same month, approximately 5.5372 trillion KRW was gathered as subscription deposits.

Established in May 2004, Toprun Total Solution develops and manufactures various electronic components such as automotive displays, information and communication (IT) and mobile parts. As an original design manufacturer (ODM) specializing in advanced automotive and display parts, it has secured global companies as clients. It produces vehicle displays, automotive parts, battery-related parts, OLED parts, TV internal and external parts, and electronic component shock protection styrofoam packing products.

Toprun Total Solution recorded sales of 513.9 billion KRW and an operating profit of 29.7 billion KRW on a consolidated basis last year, representing increases of 7% and 79%, respectively, compared to the previous year.

Researcher Park Jong-sun of Eugene Investment & Securities explained, "With the global vehicle display market growing at an average annual rate of 7.8%, we expect stable growth through a solid partnership with the LG Group and the establishment of a virtuous cycle trust structure with clients."