INNOTECH, a company specializing in composite reliability environmental test equipment, hit the daily upper limit on the 10th, the second day of trading, after achieving a "ttattabble" (four times the offering price) on its first day on KOSDAQ.
At 9:36 a.m. on the day, INNOTECH was trading at 76,400 won on the KOSDAQ market. The share price rose 29.93% (17,600 won) from the previous day, hitting the upper limit.
On the 7th, when it listed on KOSDAQ, INNOTECH closed at 58,800 won, up 300% from the offering price (14,700 won) on the first day.
INNOTECH recorded a competition rate of 1,072 to 1 in a book-building for institutional investors held from the 16th to the 22nd of last month. A total of 2,227 domestic and overseas institutions participated. The offering price was set at 14,700 won, the top end of the desired range (12,900–14,700 won).
INNOTECH plans to use the funds secured through this listing for ▲ development of equipment to meet new industries (semiconductors, secondary batteries, etc.) ▲ strengthening infrastructure to serve global customers ▲ expanding investment in research and development (R&D).