Haechitech IPO

해치텍 · Listed

Offer price₩23,000Final terms filed
Shares offered1,000,000
Offering size₩23.0bn
SubscriptionWed Aug 12

Haechitech (해치텍) IPO subscription runs Wed Aug 12 to Thu Aug 13. The offer price is ₩23,000 for 1,000,000 shares, about ₩23.0bn in total. Underwriters: DB증권. Payment and refund date: Tue Aug 18. Trading is scheduled to start on Tue Aug 25. Institutional book-building drew 321 bids for a demand ratio of 101.91 : 1, with lock-up commitments on 15.1% of bid volume, and the price was set at the bottom of the range at ₩23,000. 38.35% of listed shares are tradable on day one. The retail subscription ratio was 25.73 : 1 across 20,091 applications.

Book-building and subscription results

All IPO results
Institutional demand ratio101.91 : 1321 bids · 76,435,559 shares
Lock-up commitments15.1%share of bid volume
Final offer price₩23,000range 23,000~28,000 · at the bottom of the range
Tradable on listing day38.35%2,119,460 shares · 48.24% after 1 mo · 48.79% after 3 mo
Retail subscription ratio25.73 : 120,091 applications
Subscribed amount₩148bnshares 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 101.91 : 1 ranks 33 of the last 34 Korean IPOs with published results, where the median is 1,041.02 : 1. Its day-one float of 38.4% 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
LeadDB증권1,000,000₩23.0bn

Haechitech IPO FAQ

When is the Haechitech IPO subscription?
Wed Aug 12 to Thu Aug 13 (Korea time). Refunds and payment are on Tue Aug 18.
What is the Haechitech IPO price?
₩23,000 per share. The indicative range was ₩23,000-28,000, and the price was set at the bottom of the range.
What was the Haechitech book-building demand ratio?
321 institutional bids produced a demand ratio of 101.91 : 1; lock-up commitments covered 15.1% of bid volume.
When does Haechitech list on the Korean stock market?
Trading is scheduled to start on Tue Aug 25, per the issuance result report filed with DART.
How many Haechitech shares are tradable on listing day?
Per the registration statement, 38.35% of shares to be listed (2,119,460 shares) can be traded on the listing day. As lock-ups expire this rises to 48.24% after 1 month and 48.79% after 3 months (cumulative).
What was the Haechitech retail subscription ratio?
25.73 : 1 across 20,091 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.