[팍스넷뉴스 김민아 기자] Solu-M, which is pursuing listing on the stock market for the first time this year, has confirmed the offering price at 17,000 won, which exceeds the top of the band of hope (13,700 ~ 15,500 won).
SoluM announced on the 20th that as a result of the demand forecast for institutional investors on the 14th and 15th, a total of 1269 institutions participated and recorded a competition rate of 1167.55:1. This demand forecast was conducted for 3.84 million shares, which is 60% of the total number of publicly offered shares of 6.4 million shares. The total public offering amount increased to about 108.8 billion won.
This competition rate is the second highest competition rate in the securities market since the introduction of the demand forecasting system for the allocation of public offering stocks in 1999. The highest competition rate ever recorded by Myeongshin Industries (1196:1), which was listed last year.
87.1% of the organizations that participated in the demand forecast submitted a price of over 15,500 won, which is the top of the desired band. The percentage of submissions exceeding 15,500 won also reached 84.2%. The percentage of obligatory holdings that decided not to sell stock for a certain period of time was estimated at 20.8%.
Seong-ho Jeon, CEO of SoluM, said, “We would like to express our gratitude to institutional investors who participated in demand forecasting based on our excellent technology and high evaluation of future growth, both domestic and overseas.” I ask for your interest.”
SoluM’s general public offering subscription will be held for two days from the 21st to the 22nd for 20% of the total number of public offerings, or 1.28 million shares. The representative organizers are Mirae Asset Daewoo and KB Securities, and the co-organizers are Hana Financial Investment and Shinhan Investment, and Samsung Securities participates as the acquisition team.
SoluM is a specialized electronic component manufacturing company founded by spin-off from Samsung Electro-Mechanics in 2015. Major business areas include power, a new business, 3in1 board, and electronic price display (ESL). In the third quarter of last year, the consolidated accumulated sales amounted to 812 billion won, operating profit of 45.7 billion won, and net profit of 33.9 billion won.
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