Robotics and logistics automation company TXR Robotics announced on the 20th that it has submitted a securities registration statement to the Financial Services Commission and has officially initiated the process for listing on the KOSDAQ.
The total number of shares in the public offering is 3,075,400, with an expected offering price range of 11,500 to 13,500 KRW per share. This equates to a public offering size of approximately 35.4 billion to 41.5 billion KRW, with an estimated market capitalization of around 177.8 billion to 208.8 billion KRW.
The company plans to finalize the offering price after a demand forecast for institutional investors from February 11 to 17, and will conduct subscriptions for general investors on February 20 to 21. The KOSDAQ listing is scheduled for March, with NH Investment & Securities and Shinhan Investment Corp. serving as lead underwriters.
Established in 2017, TXR Robotics is a robotics and logistics automation company formed by the merger of Taesung System, a logistics automation firm, and Lotal, which possesses robotics automation technologies. The company develops both hardware like Automated Guided Vehicles (AGV), Autonomous Mobile Robots (AMR), and sorters, as well as corresponding control systems, sorter management systems, and intelligent automated warehouse control systems.
Through these offerings, it provides turnkey solutions—including system design, procurement, manufacturing, construction, and maintenance—to domestic and international distribution and manufacturing companies. Its client base includes domestic e-commerce and comprehensive logistics companies. The company recorded a revenue of 33.2 billion KRW and an operating profit of 3.6 billion KRW in 2023, with last year’s figures being 56.1 billion KRW in revenue and 5 billion KRW in operating profit.
Eom In-seop, CEO of TXR Robotics, stated, “With the KOSDAQ listing, we aim to advance AI and robotics technology to emerge as a leading global company in the future robotics and automation industry.”