When is the KNS Space and Defence IPO subscription?

Tue Aug 4 to Wed Aug 5 (Korea time). Refunds and payment are on Fri Aug 7.

What is the KNS Space and Defence IPO price?

₩11,000 per share. The indicative range was ₩9,000-11,000, and the price was set at the top of the range.

What was the KNS Space and Defence book-building demand ratio?

2,024 institutional bids produced a demand ratio of 938.24 : 1; lock-up commitments covered 0.8% of bid volume.

When does KNS Space and Defence list on the Korean stock market?

Trading is scheduled to start on Thu Aug 13, per the issuance result report filed with DART.

How many KNS Space and Defence shares are tradable on listing day?

Per the registration statement, 30.03% of shares to be listed (3,081,038 shares) can be traded on the listing day. As lock-ups expire this rises to 40.44% after 1 month and 42.22% after 3 months (cumulative).

KNS Space and Defence IPO

케이앤에스아이앤씨 · Listed

한국어 DART filing

Offer price₩11,000Final terms filed

Shares offered2,400,000

Offering size₩26.4bn

SubscriptionTue Aug 4

KNS Space and Defence (케이앤에스아이앤씨) IPO subscription runs Tue Aug 4 to Wed Aug 5. The offer price is ₩11,000 for 2,400,000 shares, about ₩26.4bn in total. Underwriters: IBK Investment & Securities. Payment and refund date: Fri Aug 7. Trading is scheduled to start on Thu Aug 13. Institutional book-building drew 2,024 bids for a demand ratio of 938.24 : 1, with lock-up commitments on 0.8% of bid volume, and the price was set at the top of the range at ₩11,000. 30.03% of listed shares are tradable on day one. The retail subscription ratio was 1,079.55 : 1 across 73,347 applications.

Book-building and subscription results

All IPO results

Institutional demand ratio938.24 : 12,024 bids · 1,672,497,000 shares

Lock-up commitments0.8%share of bid volume

Final offer price₩11,000range 9,000~11,000 · at the top of the range

Tradable on listing day30.03%3,081,038 shares · 40.44% after 1 mo · 42.22% after 3 mo

Retail subscription ratio1,079.55 : 173,347 applications

Subscribed amount₩3.56tnshares applied × offer price

Figures from the DART final terms filing · issuance result report. Demand ratios are simple ratios of shares bid to shares allocated and do not show real demand for the stock. Not investment advice.

A demand ratio of 938.24 : 1 ranks 20 of the last 34 Korean IPOs with published results, where the median is 1,041.02 : 1. Its day-one float of 30.0% compares with a median of 31.3% over the same set. A high demand ratio does not predict the listing-day move. See Korea IPO demand results.

Underwriters

Role	Broker	Shares	Amount
Lead	IBK Investment & Securities	2,400,000	₩21.6bn

KNS Space and Defence IPO FAQ

When is the KNS Space and Defence IPO subscription?: Tue Aug 4 to Wed Aug 5 (Korea time). Refunds and payment are on Fri Aug 7.
What is the KNS Space and Defence IPO price?: ₩11,000 per share. The indicative range was ₩9,000-11,000, and the price was set at the top of the range.
What was the KNS Space and Defence book-building demand ratio?: 2,024 institutional bids produced a demand ratio of 938.24 : 1; lock-up commitments covered 0.8% of bid volume.
When does KNS Space and Defence list on the Korean stock market?: Trading is scheduled to start on Thu Aug 13, per the issuance result report filed with DART.
How many KNS Space and Defence shares are tradable on listing day?: Per the registration statement, 30.03% of shares to be listed (3,081,038 shares) can be traded on the listing day. As lock-ups expire this rises to 40.44% after 1 month and 42.22% after 3 months (cumulative).
What was the KNS Space and Defence retail subscription ratio?: 1,079.55 : 1 across 73,347 applications.

From the DART registration statement (equity securities). Book-building and subscription results are added once the final terms filing and issuance result report are published; listing dates are not included. Not investment advice.