Jeil M&S IPO Bookbuilding Results Analysis
Jeil M&S reported excellent IPO bookbuilding results. Jeil M&S's IPO price has been determined at 22,000 won per share (22% higher than the high end of the IPO price range).
A total of 2,164 institutional investors participated in this IPO book building. The demand ratio was 646 to 1. Samhyun will start trading on 30 April 2024.
Our base case valuation of Jeil M&S is target price of 24,354 won per share, which is 11% higher than the IPO price.
IPO Book Building Results
Jeil Machine & Solution (JMS KS) reported excellent IPO bookbuilding results. Jeil M&S's IPO price has been determined at 22,000 won per share, which is 22% higher than the high end of the IPO price range (18,000 won). A total of 2,164 institutional investors participated in this IPO book building. The demand ratio was 646 to 1. Samhyun will start trading on 30 April 2024.
