Corporate Logo(source: pimkorea.com)
PIM Korea, the leading company in Metal Injection Molding(MIM) technology in South Korea, announced on the 25th that it has begun the public subscription for its Initial Public Offering(IPO). The subscription period for individual investors will run from the 25th to the 26th, and the company is set to list on the KOSDAQ on April 4th.
In the institutional investor demand forecasting, PIM Korea achieved a high competition rate of 1,214.55 to 1, securing the final offering price at the upper end of the desired range, 11,200 won per share. Institutional investors highly evaluated PIM Korea's potential growth, especially in expanding the application of MIM technology to fields such as humanoid robots and autonomous driving. Of the participating institutions, 98.69% offered prices above the upper end of the desired range.
With this listing, PIM Korea plans to fully realize its achievements in the Information Technology(IT) and autonomous driving sectors, while expanding the application of its MIM technology into humanoid robots and logistics robots. The company has secured mass production technology by applying titanium, a next-generation lightweight material, to MIM, a technology capable of ultra-precision manufacturing, and is developing core materials for the robotics industry based on its own technology.
A representative from PIM Korea stated, "Based on our unique MIM technology, we have secured major global companies as clients, maintaining stable performance. After the listing, we plan to maximize sales in high-value industries." He added, "We will establish a titanium material factory with the funds raised from the offering, and build mass production facilities for new IT and autonomous driving products to fully launch our new business achievements."
The company also plans to establish dedicated production lines at its Vietnam manufacturing base to expand product adoption with global IT giants. "We will strengthen our research and development capabilities to become the global No.1 MIM company, starting from our position as the domestic leader," he added.
Since its founding in 2001, PIM Korea has secured the number one market position in the MIM sector in South Korea through continuous technological advancements. The company has established a stable performance foundation by supplying ultra-precise products to global top-tier companies in various industries such as automotive, IT, and autonomous driving. In 2023, the company achieved consolidated revenue of 38 billion won, with an operating profit margin of 11.3%.
PIM Korea, the leading company in Metal Injection Molding(MIM) technology in South Korea, announced on the 25th that it has begun the public subscription for its Initial Public Offering(IPO). The subscription period for individual investors will run from the 25th to the 26th, and the company is set to list on the KOSDAQ on April 4th.
In the institutional investor demand forecasting, PIM Korea achieved a high competition rate of 1,214.55 to 1, securing the final offering price at the upper end of the desired range, 11,200 won per share. Institutional investors highly evaluated PIM Korea's potential growth, especially in expanding the application of MIM technology to fields such as humanoid robots and autonomous driving. Of the participating institutions, 98.69% offered prices above the upper end of the desired range.
With this listing, PIM Korea plans to fully realize its achievements in the Information Technology(IT) and autonomous driving sectors, while expanding the application of its MIM technology into humanoid robots and logistics robots. The company has secured mass production technology by applying titanium, a next-generation lightweight material, to MIM, a technology capable of ultra-precision manufacturing, and is developing core materials for the robotics industry based on its own technology.
A representative from PIM Korea stated, "Based on our unique MIM technology, we have secured major global companies as clients, maintaining stable performance. After the listing, we plan to maximize sales in high-value industries." He added, "We will establish a titanium material factory with the funds raised from the offering, and build mass production facilities for new IT and autonomous driving products to fully launch our new business achievements."
The company also plans to establish dedicated production lines at its Vietnam manufacturing base to expand product adoption with global IT giants. "We will strengthen our research and development capabilities to become the global No.1 MIM company, starting from our position as the domestic leader," he added.
Since its founding in 2001, PIM Korea has secured the number one market position in the MIM sector in South Korea through continuous technological advancements. The company has established a stable performance foundation by supplying ultra-precise products to global top-tier companies in various industries such as automotive, IT, and autonomous driving. In 2023, the company achieved consolidated revenue of 38 billion won, with an operating profit margin of 11.3%.