Deokyang Energen (Ticker: 0001A0 KS) is a South Korean company specializing in the manufacture of pure, mixed, and other industrial gases. Headquartered in Yeosu, the company is a specialized hydrogen purification enterprise that primarily utilizes by-product hydrogen from chlor-alkali and petrochemical processes. It employs high-level purification technology to produce 99.99% high-purity industrial hydrogen, which is reportedly supplied to major domestic refineries and downstream petrochemical companies via pipeline and tube trailers.

The company plans to list on the KOSDAQ on January 30, 2026. Deokyang Energen is offering 7,500,000 shares (comprising 90.01% new share issuance and 9.99% secondary sale) with an expected price range of KRW 8,500 to KRW 10,000. At the top end of the range, the IPO would raise KRW 75.00 billion (approximately USD 51.09 million). The offering is managed by NH Investment & Securities and Mirae Asset Securities. According to company filings, the transaction includes specific lock-up agreements, including a 30-month period for the largest shareholder and a one-year period for the employee stock ownership plan.