Corporate Logo(source: pimkorea.com)
PIM Korea, the leading company in Metal Injection Molding(MIM) technology in South Korea, successfully completed its institutional demand forecast for its IPO. On March 24, PIM Korea confirmed that the final offering price was set at 11,200 won, the upper end of the price range(9,300 won to 11,200 won).
The demand forecast attracted major domestic and international institutional investors, receiving 2,183 bids and an oversubscription rate of 1,214.55 to 1. Notably, 98.69% of the institutional investors proposed prices at or above the top end of the price range, reflecting high recognition of PIM Korea's technology and growth potential.
Founded in 2001, PIM Korea specializes in MIM technology capable of ultra-precision manufacturing and provides products used in various industries, including automotive, information technology(IT), and autonomous driving. PIM Korea has maximized its technological competitiveness by securing global exclusive hybrid material manufacturing technology and the only domestic titanium-based MIM mass production technology.
PIM Korea's MIM technology received positive evaluations from institutional investors for its potential to expand into high-value industries such as humanoid robots, logistics robots, and aerospace. Specifically, in the case of humanoid robots, the application of titanium materials to MIM technology enables mass production of robot components, as miniaturization and lightweight features are essential.
A representative from PIM Korea stated, "We expect significant performance growth from IT and autonomous driving camera module products this year. We have also completed the development of new products for reduction gears used in humanoid and logistics robots, which will drive growth in new business sectors. After listing, we will continue to invest in research and development(R&D) to become the global No. 1 MIM company."
PIM Korea plans to use the funds raised from this KOSDAQ listing to establish a titanium powder factory, thereby building a value chain and expanding its titanium-based business. Additionally, the company will actively invest in expanding production capacity(CAPA), including the construction of IT and autonomous driving product production facilities and the expansion of the IT-exclusive production line at its Vietnam plant.
PIM Korea is scheduled to go public on KOSDAQ on April 4, following the general subscription process on March 25 and 26. The lead underwriter for the IPO is IBK Securities.
PIM Korea, the leading company in Metal Injection Molding(MIM) technology in South Korea, successfully completed its institutional demand forecast for its IPO. On March 24, PIM Korea confirmed that the final offering price was set at 11,200 won, the upper end of the price range(9,300 won to 11,200 won).
The demand forecast attracted major domestic and international institutional investors, receiving 2,183 bids and an oversubscription rate of 1,214.55 to 1. Notably, 98.69% of the institutional investors proposed prices at or above the top end of the price range, reflecting high recognition of PIM Korea's technology and growth potential.
Founded in 2001, PIM Korea specializes in MIM technology capable of ultra-precision manufacturing and provides products used in various industries, including automotive, information technology(IT), and autonomous driving. PIM Korea has maximized its technological competitiveness by securing global exclusive hybrid material manufacturing technology and the only domestic titanium-based MIM mass production technology.
PIM Korea's MIM technology received positive evaluations from institutional investors for its potential to expand into high-value industries such as humanoid robots, logistics robots, and aerospace. Specifically, in the case of humanoid robots, the application of titanium materials to MIM technology enables mass production of robot components, as miniaturization and lightweight features are essential.
A representative from PIM Korea stated, "We expect significant performance growth from IT and autonomous driving camera module products this year. We have also completed the development of new products for reduction gears used in humanoid and logistics robots, which will drive growth in new business sectors. After listing, we will continue to invest in research and development(R&D) to become the global No. 1 MIM company."
PIM Korea plans to use the funds raised from this KOSDAQ listing to establish a titanium powder factory, thereby building a value chain and expanding its titanium-based business. Additionally, the company will actively invest in expanding production capacity(CAPA), including the construction of IT and autonomous driving product production facilities and the expansion of the IT-exclusive production line at its Vietnam plant.
PIM Korea is scheduled to go public on KOSDAQ on April 4, following the general subscription process on March 25 and 26. The lead underwriter for the IPO is IBK Securities.