When is the Elice IPO subscription?

Wed Oct 7 to Thu Oct 8 (Korea time). Refunds and payment are on Tue Oct 13.

What is the Elice IPO price?

₩90,500 per share. The indicative range was ₩70,400-90,500, and the price was set at the top of the range.

What was the Elice book-building demand ratio?

2,367 institutional bids produced a demand ratio of 388.84 : 1; lock-up commitments covered 13.7% of bid volume.

When does Elice list on the Korean stock market?

Trading is scheduled to start on Tue Oct 20, per the issuance result report filed with DART.

How many Elice shares are tradable on listing day?

Per the registration statement, 20.77% of shares to be listed (2,311,880 shares) can be traded on the listing day. As lock-ups expire this rises to 32.71% after 1 month and 33.63% after 3 months (cumulative).

Elice IPO

엘리스그룹 · Listed

한국어 DART filing

Offer price₩90,500Final terms filed

Shares offered2,222,000

Offering size₩201bn

SubscriptionWed Oct 7

Elice (엘리스그룹) IPO subscription runs Wed Oct 7 to Thu Oct 8. The offer price is ₩90,500 for 2,222,000 shares, about ₩201bn in total. Underwriters: Mirae Asset Securities, Samsung Securities. Payment and refund date: Tue Oct 13. Trading is scheduled to start on Tue Oct 20. Institutional book-building drew 2,367 bids for a demand ratio of 388.84 : 1, with lock-up commitments on 13.7% of bid volume, and the price was set at the top of the range at ₩90,500. 20.77% of listed shares are tradable on day one. The retail subscription ratio was 408.17 : 1 across 289,054 applications.

Book-building and subscription results

All IPO results

Institutional demand ratio388.84 : 12,367 bids · 647,998,700 shares

Lock-up commitments13.7%share of bid volume

Final offer price₩90,500range 70,400~90,500 · at the top of the range

Tradable on listing day20.77%2,311,880 shares · 32.71% after 1 mo · 33.63% after 3 mo

Retail subscription ratio408.17 : 1289,054 applications

Subscribed amount₩20.52tnshares 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 388.84 : 1 ranks 26 of the last 34 Korean IPOs with published results, where the median is 1,041.02 : 1. Its day-one float of 20.8% 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	Mirae Asset Securities	1,777,600	₩125bn
Co-manager	Samsung Securities	444,400	₩31.3bn

Elice IPO FAQ

When is the Elice IPO subscription?: Wed Oct 7 to Thu Oct 8 (Korea time). Refunds and payment are on Tue Oct 13.
What is the Elice IPO price?: ₩90,500 per share. The indicative range was ₩70,400-90,500, and the price was set at the top of the range.
What was the Elice book-building demand ratio?: 2,367 institutional bids produced a demand ratio of 388.84 : 1; lock-up commitments covered 13.7% of bid volume.
When does Elice list on the Korean stock market?: Trading is scheduled to start on Tue Oct 20, per the issuance result report filed with DART.
How many Elice shares are tradable on listing day?: Per the registration statement, 20.77% of shares to be listed (2,311,880 shares) can be traded on the listing day. As lock-ups expire this rises to 32.71% after 1 month and 33.63% after 3 months (cumulative).
What was the Elice retail subscription ratio?: 408.17 : 1 across 289,054 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.