SEC, a company specializing in electron beam-based inspection equipment, announced on the 13th that it had submitted a securities report to the Financial Services Commission for listing on KOSDAQ and would be actively pursuing an initial public offering (IPO).
SEC is raising a total of 1.2 million shares, and the desired subscription price band is 13,000 to 15,000 won. Based on this, the expected subscription size is expected to be between 15.6 billion won and 18 billion won, and the expected market capitalization is expected to be approximately 113.4 billion won to 130.9 billion won. The demand forecast period for institutional investors will be held for 5 business days from March 10 to 14, and the subscription for general investors will be held on March 20 and 21. Shinyoung Securities is the lead manager for the listing.
The funds raised through this listing will be primarily focused on facility investment and research and development (R&D). In particular, the company plans to build a new factory in 2026, and plans to strengthen its mass production facilities every half year starting in the second half of this year after listing. In addition, R&D investment will focus on strengthening pre-technology research and inspection technology and ultra-gap development for its main product, X-ray inspection equipment.
Founded in 2000, SEC is a specialized inspection equipment company that possesses original technology for inspection equipment and core components based on electron beam generation device technology. Through this, it manufactures and supplies X-ray inspection equipment for semiconductors and batteries, and produces linear accelerators (LINAC) and tabletop scanning electron microscopes (Tabletop SEM). Based on this, SEC is securing technological competitiveness and expanding its market share.
SEC's semiconductor X-ray inspection equipment can automatically inspect for defects in Through-Silicon Via (TSV) and Micro-Bump of high bandwidth memory (HBM) semiconductors using X-ray technology, and can also inspect Through-Glass Via (TGV) in glass substrates. In addition, the battery X-ray inspection equipment automatically inspects for defects such as alignment and inflow of metal foreign substances that may cause fire, and can also automatically inspect for defects in various types of batteries.
LINAC for non-destructive testing (NDT) utilizes X-ray energy 10 to 100 times higher than that of X-ray inspection equipment, allowing the defense industry to inspect defects in large products such as rocket propellants and large castings. In addition, Tabletop SEM is a solid-state microscope equipment for observing microstructures and shapes, and can observe complex surface structures and molecular bonding structures at high magnification in various materials and bio-research fields.
Kim Jong-hyun, CEO of SEC, said, “We will accelerate business expansion and technological innovation through the KOSDAQ listing,” and “We will maximize the precision and reliability of our inspection equipment through continuous R&D and facility investment.” He also said, “We plan to expand our business to include X-ray inspection equipment for foreign substances in battery materials and port container security screening systems,” and emphasized, “Based on our unrivaled technological prowess, we will grow into a company that leads the global inspection equipment market.”
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