Melcon IPO

멜콘 · Listed

Offer price₩12,300Final terms filed
Shares offered2,500,000
Offering size₩30.8bn
SubscriptionThu Oct 1

Melcon (멜콘) IPO subscription runs Thu Oct 1 to Fri Oct 2. The offer price is ₩12,300 for 2,500,000 shares, about ₩30.8bn in total. Underwriters: Daishin Securities. Payment and refund date: Wed Oct 7. Trading is scheduled to start on Thu Oct 15. Institutional book-building drew 2,405 bids for a demand ratio of 1,136.84 : 1, with lock-up commitments on 36.1% of bid volume, and the price was set at the top of the range at ₩12,300. 34.5% of listed shares are tradable on day one. The retail subscription ratio was 1,741.48 : 1 across 254,009 applications, with 1 shares per account under equal allocation.

Book-building and subscription results

All IPO results
Institutional demand ratio1,136.84 : 12,405 bids · 2,074,742,000 shares
Lock-up commitments36.1%share of bid volume
Final offer price₩12,300range 10,700~12,300 · at the top of the range
Tradable on listing day34.5%4,346,680 shares · 35.09% after 3 mo · 35.29% after 6 mo
Retail subscription ratio1,741.48 : 1254,009 applications
Equal allocation1 shares per accountpro-rata ratio 3,481.33 : 1
Subscribed amount₩13.39tnshares 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 1,136.84 : 1 ranks 13 of the last 34 Korean IPOs with published results, where the median is 1,041.02 : 1. Its day-one float of 34.5% 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

RoleBrokerSharesAmount
LeadDaishin Securities2,500,000₩26.8bn

Melcon IPO FAQ

When is the Melcon IPO subscription?
Thu Oct 1 to Fri Oct 2 (Korea time). Refunds and payment are on Wed Oct 7.
What is the Melcon IPO price?
₩12,300 per share. The indicative range was ₩10,700-12,300, and the price was set at the top of the range.
What was the Melcon book-building demand ratio?
2,405 institutional bids produced a demand ratio of 1,136.84 : 1; lock-up commitments covered 36.1% of bid volume.
When does Melcon list on the Korean stock market?
Trading is scheduled to start on Thu Oct 15, per the issuance result report filed with DART.
How many Melcon shares are tradable on listing day?
Per the registration statement, 34.5% of shares to be listed (4,346,680 shares) can be traded on the listing day. As lock-ups expire this rises to 35.09% after 3 months and 35.29% after 6 months (cumulative).
What was the Melcon retail subscription ratio?
1,741.48 : 1 across 254,009 applications, with 1 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.