ASTech Co Ltd (Ticker: 453860 KS) is a South Korean company in the chemicals industry, specializing in the development and production of organic UV filters for the cosmetics industry (e.g. sunscreen) and active pharmaceutical ingredients (APIs). The company is set to list on the KOSDAQ exchange on November 28, 2023, in South Korea. ASTech Co Ltd plans to offer 1.41 million shares at an offer price of KRW 28,000 per share. The expected market capitalization at offer is KRW 158.40 billion (USD 117.09 million), with a total offer size of KRW 39.40 billion (USD 29.12 million). Mirae Asset Securities is managing the offering. The offering includes a mix of primary shares (59.99%, 844,000 shares) and secondary shares (40.01%, 563,000 shares). The IPO details also include a retail share range of 0.35175M-0.4221M and placing shares range of 0.9849M-1.05525M. There is also an employee stock ownership plan set for April 13, 2024, with 1.091 million shares for advisors and stakeholders under a 6-month lockup, and 0.26376 million shares for advisors and selling stakeholders under a 3-month lockup.