[This article was reported on "Radar M," a paid media outlet specializing in the capital market in Mail Business, on June 29 (14:37)]
Kido Industrial, a high-functioning Woven clothing manufacturing company, announced on the 29th that it submitted a securities report to the Financial Services Commission on the 26th for listing on the KOSDAQ.
Through this listing, the prayer industry will offer a total of 1.7 million shares. 1.35 million shares (79.41%) are new stock recruitment, and 350,000 shares (20.59%) are old stock sales.
The desired range of public offering price per share is between 24,800 won and 28,400 won. Accordingly, the public offering amount is between 42.2 billion won and 48.3 billion won, and the expected market capitalization after listing is between 144.9 billion won and 166 billion won.
The company will receive general subscriptions from August 11-12 after forecasting demand for institutional investors from July 31 to August 6. The listing organizer is Mirae Asset Securities.
The prayer industry has 46 years of experience in motorcycle and high-function outdoor clothing manufacturing. In the early days of its establishment, it accumulated precise manufacturing process know-how in functional clothing for motorcycles.
Based on high-level sewing technology and special functional material processing technology, it has established a position in the high-tech clothing field. In particular, it has a strict quality Gore-Tex license.
Starting with the Korean headquarters, it operates six production subsidiaries in four countries: Vietnam (Bin and Hanoi), Myanmar (Yangon), Bangladesh (Daka), and Indonesia (Mulia and Zaya). It maintains stable production efficiency with a multi-national distributed production system.
Last year, the province industry's consolidated annual sales were 346.6 billion won and operating profit was 32.2 billion won. The figures are up 27.3% and 25% year-on-year, respectively. The operating margin is 9.3 percent.
An official from the provincial government industry said, "The model that moves overseas production companies and 13,000 local workers into a standardized system is a key competitive edge that could continue to grow."
Through this IPO promotion, we will complete the construction of a new production base in Bangladesh and invest in smart factories and AI-based production intelligence to improve productivity and reduce defect rates, he stressed.
