IPOs

• Baropharm Inc.KOSDAQBaropharm operates an integrated order platform for pharmacies, connecting them with wholesalers and offering inventory, price comparison, payment and data services. It also directly purchases and distributes partner brand products and sells its own branded health supplements, OTC drugs and cosmeceuticals to pharmacies.Lead managers: Mirae Asset SecuritiesOffer price₩16,400SubscriptionNov 2 – Nov 3ListingNot set yet
• 동원파츠KOSDAQManufactures precision parts and assemblies, such as showerheads, chamber parts, heaters and spin chucks, for semiconductor and advanced industrial equipment. Supplies custom-made components on a B2B basis to global and domestic equipment makers.Lead managers: Samsung SecuritiesOffer price₩23,000SubscriptionNov 2 – Nov 3ListingNot set yet
• 넥스아이KOSDAQNexEye is a new drug development company that out-licenses candidate drugs, mainly at the preclinical to Phase 2 stage, to global pharmaceutical companies. Its main target is immunotherapy-refractory cancer treatments.Lead managers: Korea Investment & SecuritiesOffer price₩10,500SubscriptionNov 3 – Nov 4ListingNot set yet
• 영광와이케이엠씨KOSDAQThe company provides precision processing, special surface treatment such as plasma anodizing, and ultra-high vacuum precision cleaning for core components used in semiconductor and display manufacturing equipment. It also serves aviation surface treatment and flat-glass equipment parts.Lead managers: Daishin SecuritiesPrice range₩9,400 – ₩11,000SubscriptionNov 4 – Nov 5ListingNot set yet
• Simwon America Corp.Simwon America is an automotive supplier specializing in body-in-white structural parts for electric vehicles, producing high-strength components primarily for Tesla from facilities in Lathrop, California. The company has an annual capacity of 600,000 car sets.Price range₩18 – ₩22SubscriptionNov 5ListingNot set yet
• Optonics Co., Ltd.KOSDAQThe company makes ultra-precision optical components, mainly RLG and FOG core parts for inertial navigation systems used in defense weapons. It supplies these components mainly to Hanwha Aerospace.Lead managers: Korea Investment & SecuritiesOffer price₩66,000SubscriptionNov 5 – Nov 6ListingNot set yet
• ALROBOT Co., Ltd.KOSDAQThe company develops and supplies force/torque sensors and fusion control devices for robots, including collaborative, industrial, and medical robots. It aims to be a mechatronics specialist that mimics human sensing.Lead managers: Daishin SecuritiesPrice range₩15,700 – ₩17,600SubscriptionNov 6 – Nov 9ListingNot set yet
• Dabio Inc.KOSDAQDabio is an AI-based spatial data intelligence company that collects and analyzes satellite, aerial and drone imagery through its Eartheye platform. It serves public, defense, forestry and agriculture, and infrastructure markets.Lead managers: Daishin SecuritiesPrice range₩12,300 – ₩16,600SubscriptionNov 10 – Nov 11ListingNot set yet
• 하나에어로다이내믹스KOSDAQThe company designs and manufactures aircraft jigs and fixtures, machines aircraft parts, and assembles aircraft structures for civil and military aircraft. It is listing on KOSDAQ through a new share offering of 4,400,000 shares.Lead managers: 아이비케이투자증권Offer price₩4,700SubscriptionNov 10 – Nov 11ListingNot set yet
• 씨앤엠KOSDAQCNM designs and manufactures motors and motor core components for automotive (electric compressor, EPS, FBS, SBW/PBW motors) and home appliances (air conditioner compressors, washer/dryer motors). Its subsidiary Power Pump makes industrial and household water pumps.Lead managers: Korea Investment & SecuritiesPrice range₩10,000 – ₩13,000SubscriptionNov 12 – Nov 13ListingNot set yet
• MBD Co., Ltd.KOSDAQMBD develops automated experiment screening systems (ASFA) and offers drug-evaluation CRO services using patient-derived 3D tumoroids. It also provides OncoSensi, a functional precision-medicine test that measures patient cancer cells' drug response.Lead managers: Hana SecuritiesPrice range₩9,600 – ₩11,700SubscriptionNov 12 – Nov 13ListingNot set yet
• 제이앤티지KOSDAQThe company develops and manufactures carbon-based materials for the renewable energy industry, including carbon electrodes for non-lithium ESS batteries and gas diffusion layers and carbon substrates for hydrogen fuel cells and water electrolysis. It supplies global non-lithium ESS manufacturers and fuel cell and hydrogen companies.Lead managers: Daishin SecuritiesPrice range₩26,400 – ₩31,900SubscriptionNov 12 – Nov 13ListingNot set yet
• EUCAST Co., Ltd.KOSDAQEUCAST develops and sells private 5G (LTE/5G) base station equipment and related solutions for enterprises, defense, and public safety networks. The company also develops its own core network and software.Lead managers: 유진증권Price range₩21,000 – ₩26,000SubscriptionNov 18 – Nov 19ListingNot set yet
• SFC Co., Ltd.KOSPISFC is a technology-focused fine chemicals company founded in 2000 that researches, develops and produces OLED materials, bio-fluorescent materials and semiconductor materials. It supplies high-purity chemical materials for display, molecular diagnostics and semiconductor processes.Lead managers: Mirae Asset SecuritiesPrice range₩31,600 – ₩36,100SubscriptionNov 18 – Nov 19ListingNot set yet
• ADEL Inc.KOSDAQADEL is a biotech company spun off from Asan Medical Center in 2016 that develops drugs for Alzheimer's disease and other degenerative brain diseases. It develops antibody therapies that target disease-specific forms of proteins and licenses candidates to global pharmaceutical companies.Lead managers: Samsung Securities, Mirae Asset SecuritiesOffer price₩18,000SubscriptionNov 23 – Nov 24ListingNot set yet
• 케이엠에프KOSDAQThe company develops and manufactures fermentation- and enzyme-based functional food and bio ingredients, including enzymes, kombucha and apple cider vinegar powders, and supplies them to domestic customers, while developing new functional materials such as SCFAs and low-molecular-weight peptides.Lead managers: 아이비케이투자증권Price range₩15,000 – ₩17,800SubscriptionNov 24 – Nov 25ListingNot set yet
• Genon Inc.KOSDAQDevelops GenOS, an enterprise generative AI platform for business and institutional clients covering LLMOps, AI search (RAG), and service building. It also offers the GenA consumer AI agent portal and the OneAgent action-based AI agent.Lead managers: Samsung SecuritiesPrice rangeNot set yetSubscriptionNov 24 – Nov 25ListingNot set yet
• 에이엔에이치스트럭쳐KOSDAQThe company designs, engineers, manufactures, tests and certifies aircraft structures and composite structures for aerospace and defense use. About 95% of 2025 consolidated revenue came from its Aircraft Structure segment, which includes unmanned aircraft foundry work and airframe structural engineering.Lead managers: NH Investment & SecuritiesPrice rangeNot set yetSubscriptionNov 27 – Nov 30ListingNot set yet
• Enki Whitehat Inc.KOSDAQThe company develops and supplies cyber threat response solutions based on offensive security technology, including penetration testing, vulnerability research, and attack surface management. It serves clients in finance, public sector, defense, and key infrastructure.Lead managers: Shinyoung SecuritiesPrice range₩13,000 – ₩16,500SubscriptionDec 1 – Dec 2ListingNot set yet
• 우리투자제1호기업인수목적SPACLead managers: 우리투자증권Price rangeNot set yetSubscriptionDec 2 – Dec 3ListingNot set yet
• 이노보테라퓨틱스KOSDAQInnoVo Therapeutics is a synthetic drug developer that uses its AI-based drug discovery platform DeepZema to develop small-molecule candidates for immune, inflammatory, fibrotic and cancer diseases. The company out-licenses its candidates to pharmaceutical partners, with INV-008 licensed to Daewoong Pharmaceutical in 2026.Lead managers: Korea Investment & SecuritiesPrice range₩20,000 – ₩24,000SubscriptionDec 7 – Dec 8ListingNot set yet
• InterX Co., Ltd.KOSDAQInterX provides AI-based autonomous manufacturing solutions for factories, including production condition optimization, quality prediction and inspection, safety monitoring, and manufacturing digital twins. The company serves customers in electronics, steel, automotive, and pharmaceuticals/bio/chemicals.Lead managers: Korea Investment & SecuritiesPrice range₩10,000 – ₩13,000SubscriptionDec 9 – Dec 10ListingNot set yet
• 씨아이에스케미칼KOSDAQThe company produces battery core materials such as recycled lithium carbonate and recycled MHP recovered from used batteries and lithium process water, and processes high-purity alumina and cathode doping materials for batteries, semiconductors and displays.Lead managers: 케이비증권Price range₩5,400 – ₩6,800SubscriptionDec 10 – Dec 11ListingNot set yet

How a Korean IPO works: institutions bid first (the demand forecast), which sets the final offer price; then individuals subscribe for two days through the lead managers' brokerage accounts; shares start trading on the listing date.

Dates and prices can change until the final terms are filed. Not financial advice.