[This Week's IPO] December First Week Demand Forecast and Subscription Schedule

In the first week of this month (December), ISTE, Duchem Bio, Three A Logics, Motive Link, Samyang NC Chem, and Fine Medics will conduct demand forecasting. Asterasis, Vect, and M&C Solution are preparing for their general subscription.

◆ISTE= Established in 2013, ISTE is a specialized company that develops and mass-produces semiconductor equipment. It is focusing on future growth by successfully developing PECVD, a core semiconductor process equipment. Based on professional research personnel and the execution of the PECVD national project, it succeeded in developing SiCN PECVD equipment in 2021.

It is offering a total of 1.6 million shares with a desired public offering price range of 9,700 to 11,400 KRW per share, amounting to a total public offering of 15.5 billion to 18.2 billion KRW. From the 2nd to the 6th, it will finalize the public offering price through demand forecasting targeting institutional investors, followed by a general subscription over two days on the 10th and 11th. The listing underwriter is KB Securities.

◆Duchem Bio= Duchem Bio holds over 90% market share in the domestic Alzheimer's dementia diagnostic reagent market. With the upcoming domestic launch of the global dementia new drug Leqembi (developers Eisai and Biogen), expectations for future performance are high.

It is offering a total of 1.43 million shares. The desired public offering price is between 12,300 and 14,100 KRW per share. Demand forecasting for institutional investors will be conducted from the 2nd to the 6th to finalize the public offering price, followed by a general subscription from the 11th to the 12th. The listing underwriter is NH Investment & Securities.

◆Three A Logics= Since its establishment in 2004, Three A Logics has succeeded in domestic localization of NFC-related technology, which had previously relied on overseas products, securing a dominant position in the domestic market. It was the first in Korea to develop NFC Dynamic tag chips and NFC reader chips independently. The ‘TNR100’, which applies the Digital Key 1.0 technology standard for vehicle digital keys, also became the first in Korea to obtain AEC-Q100 Grade 1 certification from the Automotive Electronics Council (AEC).

The total number of shares offered is 1,857,400, with a desired public offering price range of 15,700 to 18,200 KRW per share. From the 4th to the 10th, over five business days, demand forecasting targeting institutional investors will be conducted to finalize the public offering price, followed by a general subscription from the 13th to the 16th. The company plans to list on the KOSDAQ within December. The joint lead underwriters are Mirae Asset Securities and Shinhan Investment Corp.

◆Motive Link= Motive Link is a one-stop total solution provider for building eco-friendly vehicle electrification power conversion systems. Eco-friendly vehicles (HEV, PHEV, EV, FCEV) require power conversion systems such as ‘LDC’, ‘OBC’, and ‘inverter’ within the vehicle. Motive Link provides core components used in these three systems?▲transformers ▲filters ▲inductors?from development to mass production in one package.

The total number of shares offered is 3,020,590, with a desired public offering price band of 5,600 to 6,400 KRW, amounting to approximately 16.9 billion to 19.3 billion KRW. Demand forecasting will be conducted from the 5th to the 11th, followed by subscription on the 16th and 17th, aiming for a KOSDAQ listing within the year. The listing underwriter is Mirae Asset Securities.

◆Samyang NC Chem= Samyang NC Chem was established in 2008 under the name ‘NC Chem’ and was the first in Korea to localize core materials for semiconductor photoresists (PR). The company develops and produces polymers and photoacid generators (PAG), which are major components of PR.

It is offering a total of 1.1 million shares. The desired public offering price is between 16,000 and 18,000 KRW per share, with a total public offering amount of 17.6 billion to 19.8 billion KRW. Demand forecasting will be conducted over five days from the 5th to the 11th, followed by a general subscription on the 17th and 18th, aiming for a KOSDAQ listing within December. The listing underwriter is KB Securities.

◆Fine Medics= Established in 2009, Fine Medics is a specialized manufacturer of gastrointestinal endoscopy surgical tools. It is a ‘prosumer (Product+Consumer)’ type company founded to reflect the field experience and concerns of practicing gastroenterologists as much as possible. Having succeeded in localizing gastrointestinal endoscopy surgical instruments that had mostly depended on overseas products, it is rapidly expanding its market domestically and globally.

The total planned number of shares offered is 900,000, with a desired public offering price range of 9,000 to 10,000 KRW per share, amounting to 8.1 billion to 9 billion KRW. Demand forecasting will be conducted from the 5th to the 11th, followed by general subscription on the 16th and 17th. The lead listing underwriter is Korea Investment & Securities.

◆Asterasis= The desired public offering price per share is 4,000 to 4,600 KRW, with a total planned public offering amount of approximately 14.6 billion to 16.8 billion KRW. Demand forecasting was conducted over five days from the 25th to the 29th of last month, and general subscription will be held on the 4th and 5th, aiming for a December listing. The underwriter is DB Financial Investment.

Established in 2015, Asterasis manufactures and sells medical and beauty devices. Based on R&D capabilities that combine bio and IT competencies, it has developed innovative products that lead market trends.

◆Vect= The desired public offering price band is 3,500 to 3,900 KRW, with an expected public offering size of approximately 16.6 billion to 18.5 billion KRW. Demand forecasting targeting institutional investors was conducted over five business days from the 25th to the 29th of last month, and general subscription for individual investors will be held on the 4th and 5th. The listing underwriter is Shinhan Investment Corp.

Founded in 2006, Vect is a total visual solution company that plans digital content projects for various purposes and provides one-stop services from hardware production and installation to system operation and after-sales management, based on advanced digital signage hardware and software capabilities.

◆M&C Solution= The planned public offering price is 80,000 to 93,300 KRW per share, with a total public offering amount of 240 billion to 280 billion KRW. Demand forecasting will be conducted until the 2nd, followed by general subscription on the 5th and 6th, aiming for a listing on the KOSPI within the year. The listing underwriter is KB Securities.

Since its establishment in 1974, M&C Solution has contributed to the development of South Korea’s defense industry for over 50 years, being designated as a defense industry company in 1976. The company has continuously developed based on its top-notch drive and precision control technology that meets customer demands. To focus its capabilities on the rapidly growing defense business, it split its business division in December 2023 and changed its name from ‘Motrol’ to ‘M&C Solution’.