Corporate Logo(source: txr.kr)
TXR Robotics commenced its two-day public subscription process for retail investors on March 10, ahead of its planned KOSDAQ listing on March 20. The public offering price was set at 13,500 won per share, with NH Investment & Securities and Shinhan Securities serving as the underwriters.
From February 26 to March 5, TXR Robotics conducted a demand forecast process for institutional investors, ultimately pricing the offering at the top of the proposed range(11,500–13,500 won). The process attracted 2,342 institutional orders, with a total demand of approximately 1.989 billion shares, resulting in a subscription ratio of 862.62 to 1. Notably, 99.9% of participating institutions bid at the upper range or above, with 12.3% of them submitting bids exceeding the price ceiling.
At the final offering price, the total amount raised through the IPO stands at approximately 41.5 billion won, while the expected market capitalization post-listing is approximately 208.6 billion won.
TXR Robotics plans to use the proceeds from the IPO for:
Expanding its manufacturing infrastructure to meet its growing order backlog
Debt repayment to strengthen financial stability
R&D for new robotic logistics automation solutions and expanding production capacity
Launching new service robots and funding global expansion efforts
Strategic bolt-on acquisitions(M&A) to drive business growth in robotic automation
Founded in 2017, TXR Robotics specializes in autonomous mobile robots(AMRs) equipped with high-precision sensor docking technology and Mecanum wheels. The company has also developed a high-speed sorting system(Sorter) with advanced micro-classification technology and currently holds the largest market share in the "wheel sorter" segment for South Korea's e-commerce industry.
TXR Robotics is set to debut on the KOSDAQ market on March 20.
Corporate Logo(source: txr.kr)
TXR Robotics commenced its two-day public subscription process for retail investors on March 10, ahead of its planned KOSDAQ listing on March 20. The public offering price was set at 13,500 won per share, with NH Investment & Securities and Shinhan Securities serving as the underwriters.
From February 26 to March 5, TXR Robotics conducted a demand forecast process for institutional investors, ultimately pricing the offering at the top of the proposed range(11,500–13,500 won). The process attracted 2,342 institutional orders, with a total demand of approximately 1.989 billion shares, resulting in a subscription ratio of 862.62 to 1. Notably, 99.9% of participating institutions bid at the upper range or above, with 12.3% of them submitting bids exceeding the price ceiling.
At the final offering price, the total amount raised through the IPO stands at approximately 41.5 billion won, while the expected market capitalization post-listing is approximately 208.6 billion won.
TXR Robotics plans to use the proceeds from the IPO for:
Expanding its manufacturing infrastructure to meet its growing order backlog
Debt repayment to strengthen financial stability
R&D for new robotic logistics automation solutions and expanding production capacity
Launching new service robots and funding global expansion efforts
Strategic bolt-on acquisitions(M&A) to drive business growth in robotic automation
Founded in 2017, TXR Robotics specializes in autonomous mobile robots(AMRs) equipped with high-precision sensor docking technology and Mecanum wheels. The company has also developed a high-speed sorting system(Sorter) with advanced micro-classification technology and currently holds the largest market share in the "wheel sorter" segment for South Korea's e-commerce industry.
TXR Robotics is set to debut on the KOSDAQ market on March 20.