Kistron, a lead wire manufacturing corporation of KISWIRE, is pushing for listing on the KOSDAQ and has set the offering price at 3,600 won.
On the 21st, Kistron noted that it conducted demand forecasting for institutional investors from the 12th to the 16th, setting the offering price at 3,600 won, which is at the upper limit of the desired offering price range (3,100 to 3,600 won).
A total of 2,311 institutions participated in the demand forecasting, with 2,307 institutions reportedly bidding over 3,600 won per share. The competition ratio was recorded at 1,140.95 to 1.
Kistron, established in 1992, is a subsidiary of KISWIRE. Its core product is copper-plated lead wire made of steel wire, holding about 18% market share globally.
Last year, revenue increased by 23% year-on-year to 69 billion won, and operating profit recorded 5.9 billion won. Net profit for the period was 8.8 billion won, a 267% increase from the previous year.
Kistron will conduct a public subscription for general investors through Shinhan Investment Corp., the listing underwriter, over two days from the 22nd to the 23rd based on the confirmed offering price.