The public offering subscription for Hanwha Solutions closes on the 28th. As of now, on the second day of subscription, the integrated competition rate stands at 43.08 to 1, based on Korea Investment Securities tallies.

The total offering size is 51,792 shares, with an offering price of 22,100 won per share. The competition rate may fluctuate as additional volume is received, and the final figure will be confirmed after the subscription closes.

This public offering does not involve leftover shares from unsubscribed existing shareholders. During the prior process of allocating oversubscribed shares to existing shareholders, fractional amounts of less than one share were truncated. These fractional shares totaling 51,792 are the volume being allocated to general investors.

■ Subscription Volume Exceeds Issued Shares at 102.68%

Hanwha Solutions is issuing 53 million registered common shares in this paid-in capital increase. The employee stock ownership association and existing shareholder subscriptions took place over two days on the 22nd and 23rd.

Looking at the details, subscriptions from the employee stock ownership association reached 9,839,590 shares, while subscriptions through stock acquisition warrants reached 38,430,497 shares. Oversubscriptions totaled 6,148,454 shares. Combined, the total subscribed shares amount to 54,418,541, which is 1,418,541 shares more than the planned issuance, bringing the total subscription rate to 102.68%.

The oversubscription allocation rate was finalized at 76.92849291%. Participants receive shares equivalent to their requested quantity multiplied by this rate, excluding fractions of less than one share. The fractional shares generated in this process were transferred to the public offering.

■ Unsubscribed Volume Covered by Securities Firm Underwriting Structure

An integrated competition rate of 43.08 to 1 means that 43.08 shares were subscribed for every one share offered. However, since this is a pre-closing figure, the rate may change depending on last-minute inflows of funds.

If any remaining shares are left after the public offering, Korea Investment Securities, NH Investment & Securities, KB Securities, and Daishin Securities will underwrite them on their own accounts in proportion to their respective underwriting obligations. Even if unsubscribed volume occurs, the securities firms are structured to underwrite the entire final remainder.

Looking ahead, the payment for subscribed shares and refund of subscription proceeds are scheduled for the 30th. The new shares issued through this paid-in capital increase are expected to be listed on the 11th of next month.

Investors should check not only the real-time competition rate but also per-firm subscription limits, allocation methods, and subscription deposit refund schedules. It is also necessary to examine the potential impact of the increased number of outstanding shares on stock price supply and demand following the listing of new shares.

[This article was written with the assistance of AI. This article is for informational purposes only and does not recommend buying or selling any specific stock. Intraday stock prices and trading volumes are subject to continuous fluctuation.]