Instar's GEM IPO registration takes effect and plans to raise 6058.6 million yuan

The Zhitong Finance App learned that on October 15, Baotou Instar Thin Magnetic New Materials Co., Ltd. (abbreviation: Instar) Shenzhen Stock Exchange GEM IPO review status was changed to “registration effective”. Huatai United Securities is its sponsor and plans to raise 6058.6 million yuan.

According to the prospectus, INST is a high-tech enterprise mainly engaged in R&D, production and sales of rare earth permanent magnet material application devices. The company focuses on the development of magnetic device terminal application technology to provide customers with comprehensive solutions such as magnetic circuit design, precision processing, surface treatment, and intelligent assembly.

Since its establishment, Instar has continued to be deeply involved in the field of consumer electronics applications. With its rich product line and good product quality, it has accumulated a large number of high-quality high-quality, internationally renowned consumer electronics customers, and has become one of the main suppliers of rare earth permanent magnet material application devices for many internationally renowned consumer electronics brands such as Apple, Microsoft, Huawei, Lenovo, reMarkable, and Logitech.