Intellivix, a company specializing in AI video analytics, has reached the final day of its public subscription for general investors ahead of its KOSDAQ listing. With the subscription schedule closing on the 22nd, the company's KOSDAQ debut is now imminent. Mirae Asset Securities is the lead underwriter.

■ Final Offer Price Set at 9,000 Won... Institutional Demand Forecast Competition Ratio 1,234.3 to 1

The most notable aspect of this offering is the institutional investor demand forecast competition ratio. Intellivix recorded a competition ratio of 1,234.3 to 1 in the demand forecast.

The total number of shares offered is 2.5 million. Based on the final offer price of 9,000 won, the offering amounts to 22.5 billion won. The initially proposed hoped-for price range was 7,000 to 9,000 won, with the final price set at the top of the range at 9,000 won.

The shares allocated for general investor subscription range from 625,000 to 750,000 shares. The equal allocation quantity varies depending on the number of accounts participating in the subscription and the number of shares subject to equal allocation. As the final competition ratio and account numbers have not yet been confirmed, the actual equal allocation results cannot be determined in advance. On the first day, the equal allocation share count was recorded at 3.69 shares.

■ Product Portfolio Including AI Cameras and Access Control Terminals

Intellivix is a company that produces and supplies on-device AI cameras, AI BOXes, and smart access control terminals based on AI video analytics algorithms.

The key components used in its major products are as follows. The VIXone uses printed circuit board assemblies (PBA), cases, and SSDs, among other parts. The VIXcam incorporates PBAs, lenses, cases, and cables. The servers for its AI control systems utilize graphics processing units (GPU), central processing units (CPU), HDDs, SSDs, mainboards, and power supply units.

In the fields of biometric recognition and access security, the company supplies VIXmobi and VIXface. These products use face recognition modules, PBAs, LCDs, cases, cables, and speakers as their main components.

■ 'Light-Asset' Manufacturing Strategy Focused on Core Algorithms

A notable aspect of Intellivix's business structure is its manufacturing strategy of separating software design from hardware production. The company concentrates its capabilities on developing core algorithms such as Vision AI, VLA, and VLM. Hardware is produced through precision assembly of externally sourced, verified components.

This structure is part of a Light-Asset manufacturing strategy aimed at reducing the burden of large-scale capital investment while responding to market demand. The company manages its procurement sources centered on core components that determine product performance and reliability, while simultaneously supplying AI video analytics technology and related terminals.

■ Points to Check After Subscription Closes

However, a high institutional demand forecast competition ratio does not guarantee strong general investor subscription results or a share price rally after listing. Following the close of the general subscription, the final competition ratio, the number of accounts eligible for equal allocation, and the actual allocated quantities are expected to be key points for investors to verify.

[This article is intended to provide information for investment reference purposes and does not recommend the purchase or sale of any specific stock. Conditions may vary depending on market circumstances. Investment decisions and the responsibility for them rest with the investor. AI assistance was partially used.]