The bulletproof solution corporation Samyang Comtech announced on the 1st that it has finalized its final public offering price at 7,700 won, the upper end of the public offering price range (6,600 to 7,700 won). The total public offering amount is approximately 111.7 billion won, and the expected market capitalization after listing is around 317.5 billion won.
Samyang Comtech conducted demand forecasting from the 24th to the 30th of last month, with a total of 2,486 institutions participating, recording a competition rate of 565.55 to 1. More than 99.9% (including unpriced offers) of the total participating amount proposed prices above the upper band. Among the total order quantity, 44.8% set a lock-up commitment.
Founded in 1962, Samyang Comtech has been producing bulletproof and protective equipment since designated as a defense contractor in 1973. It developed the country's first fragment-proof vest and new bulletproof helmet. Currently, the product with the largest sales proportion is the bulletproof armor for the K2 tank.
Samyang Comtech plans to use the funds it raises this time for ▲ research and development (R&D) and production capacity enhancement ▲ portfolio expansion ▲ factory expansion and transfer of the research institute ▲ automation of M&S business.
Samyang Comtech plans to be listed on the KOSDAQ market on the 18th after undergoing subscription for general investors from the 5th to the 6th. The listing underwriters are Shinhan Investment & Securities and NH Investment & Securities.