사진 확대

[This article was reported on "Radar M," a paid media outlet specializing in the capital market in Mail Business, on July 24 (15:31)]

Deoksan Nepcoors, a special-purpose navigation and anti-jamming comprehensive solution company, announced on the 24th that it has submitted a securities report to the Financial Services Commission and entered the KOSDAQ listing process.

사진 확대

Through this listing, Deoksan Nepcoors will offer a total of 3 million shares through recruitment of new shares. The desired range of public offering price per share is 12,400 won to 14,600.

Accordingly, the total public offering amount is 37.2 billion won to 43.8 billion won, and the expected market capitalization is 234 billion won to 276 billion won. Daishin Securities Co., Ltd. is the organizer of the listing.

The company will conduct a demand forecast for institutional investors from Sept. 8-14, and then receive public offering subscriptions for ordinary investors from Sept. 16-17 of the same month.

Founded in 2012, Deoksan Nepcoors provides comprehensive solutions ranging from design, development, production, and testing in navigation and navigation.

It has expanded its demonstration-based business in various areas, including defense, aerospace, and navigation infrastructure. It was the first Korean PBA manufacturer to obtain NADCAP gold rating certification.

Since it was designated as a defense company in 2013, it has continued to participate in key weapons systems and national space development projects. It is cooperating with government agencies such as Hanwha Aerospace, LIG D&A, and Hyundai Rotem.

Sales grew about 24% annually from 31.4 billion won in 2023 to 48.5 billion won in 2025. Last year's operating profit was KRW 4.1 billion and net profit was KRW 3.7 billion, up 104% and 171%, respectively, from the previous year.

In the first quarter of this year, sales reached 12 billion won, growing 56% year-on-year. Both operating profit and net profit turned into a surplus of 200 million won.

The company plans to use the funds secured by the public offering to expand facilities, strengthen R&D capabilities, expand satellite navigation infrastructure, and expand civilian-military convergence products.

"We will meet many investors in person in the future public offering process to fully inform our competitiveness and growth potential and actively communicate with the market," said Hwang Tae-ho, CEO of Deoksan Nepcoors.