Yeonggwang (359410) has set its final offer price at 17,000 won in the IPO conducted for listing on the KOSDAQ market. The shipbuilding, marine, and plant equipment manufacturer recorded an institutional investor competition ratio of 1,000.07 to 1, and as of 10:29 a.m. on the 22nd, the equal allocation quantity for retail investors was tallied at 25.04 shares.

■ IPO Overview... Priced at Top of Indicative Band, Offering Size of 38.4 Billion Won

The total number of shares offered by Yeonggwang is 2.26 million. The initially proposed indicative price band was 14,000 to 17,000 won, and the final offer price was set at the top of the band at 17,000 won.

Based on the confirmed offer price, the total offering size is calculated at 38.42 billion won. However, the provided IPO information lists the offering amount as 0 won, so this item requires separate verification.

The number of shares allocated to retail investors was presented at between 565,000 and 678,000 shares, with Korea Investment & Securities serving as the lead underwriter.

■ Company Introduction... Shipbuilding, Marine, and Plant Specialist Founded in 1999 as Yeonggwang Works

Yeonggwang is a manufacturer established on June 16, 1999, as Yeonggwang Works Co., Ltd. The company began its business based on metal processing and machinery manufacturing technology, later expanding into the shipbuilding equipment and plant equipment sectors.

Its main businesses are currently divided into a shipbuilding and marine division and a plant division, with a business structure of designing, manufacturing, and supplying structures, machinery, and package equipment tailored to the technical requirements of projects pursued by its clients.

In the shipbuilding and marine division, the company produces engine room modules installed in ship engine rooms as well as various package units. Lashing bridges, manifold blocks, and workshop machinery for ships, which fall under ship structures, are also major supplied items.

In the plant division, the company manufactures chemical process equipment such as pressure vessels, heat exchangers, columns and towers, and reactors. It also supplies package equipment in the form of skids and modules, which combine piping, valves, instrumentation, electrical devices, and steel structures with individual chemical process equipment.

■ Post-Listing Share Price Remains to Be Seen

With the institutional investor competition ratio exceeding 1,000 to 1 in this IPO, how the confirmed offer price and equal allocation results will translate into the post-listing share price trend remains to be seen. The fact that the offer price was set at the top of the indicative range alone cannot guarantee a post-listing price increase, and actual share price movements may vary depending on market conditions at the time of listing and investor trading.

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