The eco-friendly energy solution corporation WONIL T&I confirmed the offering price at 13,500 won, the upper end of its desired range, on the 23rd.
The demand forecast conducted from the 16th to the 22nd involved 2,390 institutional investors, recording a competition ratio of 1,308.07 to 1. Ninety-nine point two percent of participating institutions offered prices above the upper end of the desired range.
WONIL T&I plans to conduct subscription for general investors from the 24th to the 25th, with the listing on the Korea Securities Dealers Automated Quotations (KOSDAQ) scheduled for the 9th of next month. The underwriter is NH Investment & Securities.
WONIL T&I provides a comprehensive solution covering the entire process of eco-friendly energy production, distribution, storage, and application through the localization of its products. With 35 years of experience, it has also ventured into the nuclear, liquefied natural gas (LNG), and hydrogen businesses.
The company noted that it prioritizes using listing funds for facility investments. It aims to continue overseas sales and research and development in response to changes in the energy infrastructure market.