When is the Duksan Navcours IPO subscription?

Wed Sep 16 to Thu Sep 17 (Korea time). Refunds and payment are on Mon Sep 21.

What is the Duksan Navcours IPO price?

₩14,600 per share. The indicative range was ₩12,400-14,600, and the price was set at the top of the range.

What was the Duksan Navcours book-building demand ratio?

2,269 institutional bids produced a demand ratio of 868.64 : 1; lock-up commitments covered 4.1% of bid volume.

When does Duksan Navcours list on the Korean stock market?

Trading is scheduled to start on Wed Sep 30, per the issuance result report filed with DART.

How many Duksan Navcours shares are tradable on listing day?

Per the registration statement, 40.11% of shares to be listed (7,577,904 shares) can be traded on the listing day. As lock-ups expire this rises to 40.4% after 1 month and 46.9% after 3 months (cumulative).

Duksan Navcours IPO

덕산넵코어스 · Listed

한국어 DART filing

Offer price₩14,600Final terms filed

Shares offered3,000,000

Offering size₩43.8bn

SubscriptionWed Sep 16

Duksan Navcours (덕산넵코어스) IPO subscription runs Wed Sep 16 to Thu Sep 17. The offer price is ₩14,600 for 3,000,000 shares, about ₩43.8bn in total. Underwriters: Daishin Securities. Payment and refund date: Mon Sep 21. Trading is scheduled to start on Wed Sep 30. Institutional book-building drew 2,269 bids for a demand ratio of 868.64 : 1, with lock-up commitments on 4.1% of bid volume, and the price was set at the top of the range at ₩14,600. 40.11% of listed shares are tradable on day one. The retail subscription ratio was 332.82 : 1 across 132,911 applications, with 2 shares per account under equal allocation.

Book-building and subscription results

All IPO results

Institutional demand ratio868.64 : 12,269 bids · 1,954,434,000 shares

Lock-up commitments4.1%share of bid volume

Final offer price₩14,600range 12,400~14,600 · at the top of the range

Tradable on listing day40.11%7,577,904 shares · 40.4% after 1 mo · 46.9% after 3 mo

Retail subscription ratio332.82 : 1132,911 applications

Equal allocation2 shares per accountpro-rata ratio 664.22 : 1

Subscribed amount₩3.64tnshares 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 868.64 : 1 ranks 21 of the last 34 Korean IPOs with published results, where the median is 1,041.02 : 1. Its day-one float of 40.1% 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	Daishin Securities	3,000,000	₩37.2bn

Duksan Navcours IPO FAQ

When is the Duksan Navcours IPO subscription?: Wed Sep 16 to Thu Sep 17 (Korea time). Refunds and payment are on Mon Sep 21.
What is the Duksan Navcours IPO price?: ₩14,600 per share. The indicative range was ₩12,400-14,600, and the price was set at the top of the range.
What was the Duksan Navcours book-building demand ratio?: 2,269 institutional bids produced a demand ratio of 868.64 : 1; lock-up commitments covered 4.1% of bid volume.
When does Duksan Navcours list on the Korean stock market?: Trading is scheduled to start on Wed Sep 30, per the issuance result report filed with DART.
How many Duksan Navcours shares are tradable on listing day?: Per the registration statement, 40.11% of shares to be listed (7,577,904 shares) can be traded on the listing day. As lock-ups expire this rises to 40.4% after 1 month and 46.9% after 3 months (cumulative).
What was the Duksan Navcours retail subscription ratio?: 332.82 : 1 across 132,911 applications, with 2 shares per account under equal allocation.

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.