Fish cake corporations Samjinfood said on the 10th it set the final offering price at 7,600 won. That is the top of the hoped-for price range (6,700–7,600 won).
From the 3rd to the 9th, 2,313 domestic and overseas institutions took part in the book-building, logging a competition rate of 1,308.87 to 1.
The total offering is about 15.2 billion won, and the expected market capitalization after listing is about 75.4 billion won. Samjinfood will take subscriptions from retail investors on the 11th–12th and debut on the KOSDAQ market on the 22nd. The lead manager is Daishin Securities Co.
Samjinfood, which began in 1953 at Bongnae Market in Yeongdo, Busan, is a leading processed seafood corporations that has led Korea's fish cake industry for more than 70 years. Samjinfood was the first in the industry to operate an "eomuk bakery" store and an experience center. Recently, as K-food's influence has grown, it has been ramping up its overseas business.
Revenue was 84.6 billion won in 2023 and 96.4 billion won last year. Through the third quarter this year, cumulative revenue reached 76.1 billion won. The operating margin was 2.6% in 2023 → 5.0% in 2024 → 5.7% in the third quarter of 2025.