Eugene Group subsidiary TXR Robotics noted that it recorded a competition rate of 816.41 to 1 in the general public subscription conducted for two days starting on the 10th.
This general public subscription was conducted for 768,850 shares, which is 25% of the total subscription amount of 3,075,400 shares. The subscription application amount received over the two days was 627,770,230 shares, and the subscription deposit totaled 4.236 trillion won.
TXR Robotics will be listed on the KOSDAQ market on the 20th after the payment date on the 13th. Based on the confirmed public offering price of 13,500 won, the expected market capitalization is 208.6 billion won.
Um In-seop, CEO of TXR Robotics, said, "With the KOSDAQ listing as an opportunity, we plan to actively pursue new businesses such as AI-based piece-picking robots and industrial service robots while expanding our existing robotics and logistics automation business to continuously enhance corporate value."
TXR Robotics plans to use the 41.5 billion won in funds from this public offering for ▲ expanding production infrastructure to respond to order backlog ▲ repaying borrowing funds for financial stability ▲ operating funds including research and development for new products, new service robot businesses, and expanding overseas market opportunities ▲ acquisitions for growth in robotics automation business.
Founded in 2017, TXR Robotics operates in the fields of robotics and logistics automation. It provides customized turnkey business solutions, offering package services from project planning to design, procurement, manufacturing, construction, and maintenance based on its own hardware and software capabilities. Currently, the company has an order backlog of 31.6 billion won.