[This Week's IPO] August First Week Demand Forecast and Subscription Schedule
In the first week of this month (August), Hatchtech, Nearslab, and Bigwave Robotics will conduct demand forecasts for institutional investors. Delicious and KNS Inc. will accept general public subscriptions.
<Demand Forecast>
◆Hatchtech: Established in 2017, Hatchtech is a global leader with ultra-small, low-power, and high-precision semiconductor sensor IC (Integrated Circuit) technology that has achieved localization in the previously import-dependent magnetic sensor sector. The company develops and supplies geomagnetic sensors, digital magnetic sensors, analog magnetic sensors, and environmental sensors (temperature, temperature-humidity), and is expanding its presence in the domestic and overseas semiconductor sensor components market.
The total number of shares to be offered in the IPO is 1,000,000, with the expected IPO price band set at between 23,000 and 28,000 won. The total projected IPO funds are expected to reach around 23 billion to 28 billion won. The demand forecast for institutional investors, which determines the final IPO price, will take place from August 3 to 7, and general investor subscriptions will be available for two days from August 12 to 13. The lead underwriter is DB Financial Investment.
◆Nearslab: Nearslab is more than just a drone manufacturer; it is a ‘Physical AI Drone’ company that incorporates AI technology into drones to accomplish high-level mission tasks in the physical world. Its core competitive edge lies in its ‘Aerial Intelligence’, which integrates perception, navigation, guidance, and control technologies required for autonomous drone flight. A key feature is that the drone can autonomously recognize and assess its environment, performing tasks automatically without a pilot.
Through this listing, Nearslab plans to offer 910,000 shares. The anticipated IPO price band ranges from 30,000 to 41,200 won, with the total projected offering amounting to about 27.3 billion to 37.5 billion won. The demand forecast will be held from August 3 to 7, and the general public subscription will take place August 12 and 13. Samsung Securities is serving as lead underwriter.
◆Bigwave Robotics: Founded in 2020, Bigwave is an industrial ‘Physical AI’ company that connects robots, equipment, operators, and processes into a single intelligent operation structure based on on-site demand, problems, work, and operation data. Going beyond being a simple robot supplier, SI company, or RaaS company, Bigwave possesses a differentiated business model that directly designs, accumulates, and optimizes operational intelligence for industrial sites.
The expected IPO price is between 20,000 and 24,000 won per share, and the total offering amount is about 40 billion won. The demand forecast for institutional investors will take place from August 4 to 10, and the public subscription is scheduled for August 13 to 14. The lead underwriters are Eugene Investment & Securities and Mirae Asset Securities.
<General Public Subscription>
◆Delicious: The anticipated IPO price band is 5,000 to 7,000 won, with a total offering of 11 billion to 15.4 billion won. The demand forecast was completed by July 29, and the general public subscription will take place over two days from August 3 to 4. Korea Investment & Securities is the lead underwriter.
Delicious operates the fashion B2B platform ‘Sinsang Market’. Since its establishment in 2011, the company has focused on addressing the inefficiencies in the Dongdaemun clothing wholesale market. In 2013, Delicious launched the Sinsang Market app, transitioning Dongdaemun’s offline-centric clothing wholesale and retail trade online. Building on this foundation, Delicious has grown into a core B2B transaction infrastructure connecting product searches to transactions in the fashion sector.
◆KNS Inc.: The anticipated IPO price band is 9,000 to 11,000 won, and the total offering is 21.6 billion to 26.4 billion won. The demand forecast for institutional investors took place by July 31, and the public subscription will be available from August 4 to 5. The lead underwriter is IBK Investment & Securities.
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KNS Inc. is a defense satellite communications equipment specialist that manufactures and distributes military and commercial satellite communication antennas (VSAT). Leveraging more than 25 years of accumulated expertise and technology in satellite communications, the company develops and supplies satellite communication antennas that can be installed on submarines, ships, unmanned aerial vehicles, and various other military and commercial mobility platforms.
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