Sanil Electric IPO Preview

• Sanil Electric is getting ready to complete its IPO in late July in KOSPI. The IPO price range is from 24,000 won to 30,000 won per share.

• The company is planning is raise between 182.4 billion won and 228 billion won in this IPO. The book building for the institutional investors lasts from 9 to 15 July.

• Sanil Electric is best known for making special transformers used for special purposes in environments with severe weather changes, such as offshore wind power, solar power, and offshore plants.

Photo by Ferdinando on Unsplash

Sanil Electric is getting ready to complete its IPO in late July in KOSPI. The IPO price range is from 24,000 won to 30,000 won per share. The company is planning is raise between 182.4 billion won and 228 billion won in this IPO. The book building for the institutional investors lasts from 9 to 15 July. Mirae Asset Securities is the lead banker in this IPO.

Sanil Electric is best known for making special transformers that are used for special purposes in environments with severe weather changes, such as offshore wind power, solar power, and offshore plants. Sanil Electric has accumulated technological know-how in the special transformer field for nearly 35 years.

Sanil Electric plans to use the public offering funds to expand production capacity and purchase raw materials. The company's order backlog jumped from 19.4 billion won at the end of 2021 to 252.4 billion won at the end of May 2024. Major global customers include General Electric, Toshiba, and Mitsubishi.