[IPO 돋보기] Will PNH Tech continue the public offering box office atmosphere?

[아시아경제 장효원 기자] PNH Tech, a company specializing in organic light-emitting diode (LED) materials, will be listed on the KOSDAQ on the 16th. PNH Tech succeeded in box office success with high demand forecasting competition.

PNH Tech recorded a competition rate of 1454.47 to 1 in the demand forecast for institutional investors conducted for two days from 28 to 29 last month. The offering price was confirmed to be 18,000 won, exceeding the upper end of the desired range. Even in the general public offering, the competition rate was 1528.76 to 1, and it was a success.

Founded in 2007, PNH Tech is engaged in research, development and production of organic electronic materials for OLED displays as its main business. In the technology evaluation conducted by the Korea Industrial Technology Evaluation and Management Agency, it acquired A grade for the’organic luminescent compound manufacturing technology’ and previously listed on KONEX as a special listing requirement for the KOSDAQ subsidiary.

PNH Tech is expanding its market entry through localization of materials such as red prime, high refractive optical materials, long-life blue host, catalysts and raw materials. As of the end of the third quarter of last year, the proportion of sales by product was 38.5% for red prime, 23.6% for high refractive optical materials, 9.9% for long-lived blue host, 16.4% for catalyst, and 6.0% for raw materials.

The market is seeing a bright outlook for demand for PNH Tech products by expanding the OLED market and securing customers.

Lee Min-hee, a researcher at IBK Investment & Securities, said, “Because of the form factor of OLED displays, it is adopted in various application sets and the market area is expanding.” Material demand is expected to increase significantly.”

In addition, PNH Tech’s global advancement is also positively evaluated.

Park Jong-seon, a researcher at Eugene Investment & Securities, said, “We are expanding cooperation and advancement with global major companies in a situation where the domestic demand is 99%.” “Amid the joint development and mass production business of OLED materials with the US D company, The patent license is being negotiated.”

Reporter Jang Hyo-won [email protected]