Hana Technology has finalized its share offering price for its IPO at 35,000 won.
A total of 1,463 institutional investors participated in its demand forecast that lasted from November 9 to 10.
It will seek 28 billion won from the listing.
Hana Technology can provide all equipment needed for battery production in turn-key, Hana Investment Securities, which is the underwriter for the IPO, said. It can also react to different kit demand depending on the type of battery produced, whether it be circular, prismatic or pouch.
It currently provides kit to all three Korean battery makers, LG Chem, Samsung SDI and SK Innovation, the securities firm said, and has potential to clinch more overseas customers going forward.
Hana Technology CEO Oh Tae-bong said funds secured from the IPO will be actively spend on research and development as well as expanding its facilities for the company to become a total engineering solution company in global battery production.
Retail subscription will commence on November 13 and 16 __ 20% of the offered share, or 160,000 shares, will be allocated.