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

In the fifth week of this month (July), SNSys, Hallacast, S2W, Graphy, and JPI Healthcare will conduct demand forecasts targeting institutional investors. ITChem is preparing for its general subscription.

<Demand Forecast>

◆SNSys= Established in June 2017 through a spin-off from the electrical and electronics division of Samsung Heavy Industries, SNSys is a specialized shipbuilding equipment company that develops and supplies high-performance ship systems by integrating electrical, electronic, and mechanical technologies. In response to changing trends in the shipbuilding industry, the company has proactively developed and internalized technologies for each trend, including high-voltage switchboards, integrated navigation control systems, ballast water treatment systems, and dual-fuel propulsion systems, thereby gradually expanding its technological spectrum.

A total of 1.9 million shares will be offered. The offering price band is set at 27,000 to 30,000 won per share, making the total expected offering amount between 51.3 billion and 57 billion won. The demand forecast will take place from July 28 to August 1, and the general subscription is scheduled for August 7 and 8. Shinhan Investment & Securities is the lead underwriter.

◆Hallacast= Established in 1996, Hallacast has grown by expanding supply to major clients based on its core technology for producing aluminum and magnesium parts. The company is now emerging as a specialized materials and parts company leading the automotive electronics business, including autonomous driving, as well as the robotics parts industry.

A total of 7.5 million shares will be offered, with the desired offering price range set at 5,100 to 5,800 won per share. The demand forecast for institutional investors will be held over five days from July 30 to August 5, followed by the general subscription for retail investors on August 11 and 12. Daishin Securities is the lead underwriter.

◆S2W= Founded in 2018, S2W has developed various AI-based solutions to support the enhancement of security competitiveness for investigative and defense agencies, as well as to improve information security operations and data management efficiency for enterprises. These solutions are based on domain-specific AI technology and unstructured big data collection and analysis capabilities accumulated from hidden channels such as the dark web and Telegram.

A total of 1.58 million shares will be offered. The desired offering price is between 11,400 and 13,200 won per share. The demand forecast for institutional investors will be held from July 30 to August 5, and the general subscription will be held on August 7 and 8. Daishin Securities is the lead underwriter.

◆Graphy= Established in 2017, Graphy develops and supplies integrated 3D printing solutions, including new materials for 3D printers (photocurable resin), shape memory aligners (SMA) using direct printing technology, nitrogen curing devices (Tera Harz Cure, THC), and design software (Direct Aligner Designer, DAD).

A total of 1.95 million shares will be offered. The desired offering price is between 17,000 and 20,000 won per share. A demand forecast for institutional investors will be conducted from July 31 to August 6 to determine the final offering price, followed by the general subscription on August 11 and 12. KB Securities and Shinhan Investment & Securities are the lead underwriters.

◆JPI Healthcare= Established in 1980, JPI Healthcare is the global leader in market share for grids, which are core components for X-ray imaging diagnostics. A grid is an essential product that reduces scattered radiation during X-ray diagnostics, thereby enhancing image clarity. JPI Healthcare is the only company in the world that manufactures grids made from both aluminum and carbon materials, and it holds approximately 40% of the global medical X-ray grid market share.

The total number of shares to be offered is 1.58 million, with the desired offering price range set at 16,500 to 20,000 won per share. The demand forecast for institutional investors will be conducted from August 1 to August 7, after which the final offering price will be determined, and the general subscription will be held on August 11 and 12. The company is expected to be listed in August, with Kiwoom Securities as the lead underwriter.

<General Subscription>

◆ITChem= The offering price has been set at the upper end of the desired band, at 16,100 won per share. The competition rate for the institutional investor demand forecast was 1,157.98 to 1. The general subscription will be held over two days, July 28 and 29, with the company aiming to list on the KOSDAQ market on August 7. KB Securities is the lead underwriter.

Founded in 2005, ITChem is an independent CDMO company that develops and mass-produces high-value-added fine chemical materials such as APIs, pharmaceutical intermediates, and OLED materials tailored to customer needs, based on its precision synthesis and purification technology.