2023-09-28 01:00:00
“Expecting sales growth… “Possibility of stock price increase after listing”
Looking forward to becoming the leader of robots… General subscriptions raised 33 trillion won
▲ Doosan Robotics’ collaborative robot E series. Provided by Doosan Robotics Attention is focused on whether Doosan Robotics, one of the biggest names in the initial public offering (IPO) market this year, will achieve its first ‘tattable’ record, with its stock price quadrupling the public offering price on the first day of listing on the 5th of next month. Expectations are high that Doosan Robotics will beat the strong Rainbow Robotics and establish itself as a new robot ‘leader’. Rainbow Robotics’ stock price has risen more than five times this year.
On the 27th, the stock price of Doosan, which has Doosan Robotics as a subsidiary, closed at 113,300 won in the KOSPI market. As of early last month, Doosan’s stock price remained at 116,300 won, but it soared to 166,600 won intraday on the 12th on the news of the listing of Doosan Robotics, which is the most notable among unlisted subsidiaries. Although the stock price fell back to the 110,000 won range as the listing process entered its final stage, securities market expectations are still high. Recently, Daishin Securities proposed a buy recommendation for Doosan, suggesting a target price of 190,000 won, and BNK Investment & Securities suggested a target price of 150,000 won.
Doosan Robotics is a manufacturer of collaborative robots that assist humans in their work. It is attracting attention as a future growth engine due to its high utility, ranging from simple tasks such as frying chicken to precise tasks such as assisting with surgery.
Yang Ji-hwan, a researcher at Daishin Securities, said, “Doosan Robotics has 13 product lines, which is significantly more than its competitors, so sales growth is expected.” He added, “Doosan Robotics’ stock price is also likely to rise after listing.”
Doosan Robotics subscriptions were hot. In the demand forecast for institutional investors from the 11th to the 15th, a total of 1,920 domestic and foreign institutions participated, showing a competition rate of 272 to 1, and the public offering price was also confirmed at 26,000 won, the highest of the desired range. Subsequently, in the general subscription on the 21st and 22nd, a lump sum of 33.1093 trillion won was collected. This is more than double the previous peak of Phil Energy (16 trillion won) last July. The competition rate was 524.05 to 1, with 1,496,346 applications received from 7 securities companies.
Doosan Robotics’ stock price is expected to have a significant impact on the success of Seoul Guarantee Insurance and Eco Pro Materials, which are counting down the days to listing.
Reporter Seong Kim
1695868731
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