The metal powder injection molding (MIM) technology corporation PIM KOREA, which is pushing for a listing on the KOSDAQ, has finalized its offering price at 11,200 won.
On the 24th, PIM KOREA noted that it conducted demand forecasting for institutional investors over five trading days from the 17th to the 21st, and set the offering price at the upper end of the desired price range of 11,200 won.
A total of 2,183 institutions participated in the demand forecasting, and it was reported that 98.69% proposed prices above the upper limit of the offering price band. The competition rate recorded was 1,214.55 to 1.
It has been reported that PIM KOREA's MIM technology received positive evaluations from institutional investors due to its potential to expand into high-value-added industries such as robotics and aerospace.
PIM KOREA plans to invest the funds raised from the offering into building information technology (IT) and autonomous vehicle production facilities, as well as expanding its dedicated IT production line at its factory in Vietnam.
Meanwhile, PIM KOREA is scheduled to go public on the KOSDAQ on the 4th of next month, following a subscription for individual investors on the 25th and 26th. The underwriter is IBK Securities.