Genocstec and Elice Group will open initial public offering subscriptions to retail investors this week, the first full trading week after the National Foundation Day holiday. Four companies — DTS, T&E Korea, Dabeeo and Ucast — will conduct book-building with institutional investors. No new listings are scheduled.
Genocstec, which is moving from the KONEX market to the KOSDAQ, will close its retail subscription on the 6th after opening it on Oct. 2, according to financial investment industry sources on the 6th. The company is an original development manufacturer (ODM) that develops and produces cosmetics ingredients and finished products. Its offering price was set at 23,500 won, the top of its indicative range, with Hana Securities as underwriter.
Elice Group, an artificial intelligence education and infrastructure company, will finalize its offering price on the 6th and take retail orders on the 7th and 8th. Its indicative price range is 70,400 won to 90,500 won, with Mirae Asset Securities as lead underwriter and Samsung Securities as co-underwriter. The company had originally planned to hold book-building and retail subscription last month but pushed back the schedule after incorporating supplementary comments from the Financial Supervisory Service during its review of the securities registration statement.
Book-building with institutional investors will also continue. DTS will run its book-building through the 8th and set its final offering price on the 12th. Its indicative price range is 17,000 won to 18,500 won. The company designs and manufactures heat exchangers used in power plants and other facilities, with heat recovery steam generators (HRSG) and air-cooled heat exchangers as its main products. Daishin Securities is lead underwriter.
T&E Korea, Dabeeo and Ucast will all begin book-building on the 7th. All three will be evaluated by institutional investors through the 14th.
T&E Korea develops and produces high-speed turbomachinery systems based on high-speed motor and air bearing technology. The company grew around turbo blowers for water treatment and has expanded into products for hydrogen power generation and hydrogen vehicles. Its indicative price range is 12,600 won to 15,300 won.
Dabeeo, a spatial information AI company, holds technology that builds map data by analyzing satellite and aerial imagery with AI. Its indicative price range is 12,300 won to 16,600 won.
Ucast develops mobile telecommunications network equipment. Its indicative price range is 21,000 won to 26,000 won, with Eugene Investment & Securities as lead underwriter.
