Duksan Nepcores experienced a remarkable surge of nearly 90% on its first day of trading on September 30.
According to the Korea Exchange, as of 9:10 a.m., Duksan Nepcores was trading at 27,700 won, an increase of 89.38% from its initial public offering price of 14,600 won. The company offered 3 million shares in this IPO, raising approximately 43.8 billion won.
Duksan Nepcores supplies key components for major domestic weapon systems, including guided weapons, ground weapons, aviation, and naval systems, based on its technologies in satellite navigation, anti-jamming, and integrated navigation.
Navigation technology is a foundational capability that accurately calculates the position, speed, attitude, and time information of moving objects, enabling reliable mission performance even in extreme environments where satellite signals are blocked.
The company stated that it has been steadily fulfilling its role in the mass production supply of subsystem units through performance upgrades of major weapon systems and next-generation projects.
Duksan Nepcores reported sales of 23.769 billion won in the first half of this year, compared to an annual revenue of 48.54 billion won last year. The company plans to allocate about 20 billion won, half of the IPO proceeds, for expanding its factory site and enhancing production facilities.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.