TAIPEI (Taiwan News) — Syntec Technology Co. will hit Taiwan’s stock market on Sept. 17, and early investors could see gains of more than 40% per lot.
The company’s bookbuilding auction runs Tuesday through Thursday, with a minimum bid of NT$525 (US$17) per share. This allows investors to secure shares before trading starts and potentially benefit from price jumps, according to CTEE and Stockfeel.
Public subscription opens Friday, with 4,551 lots available. Results are scheduled for Sept. 8.
Syntec will also hold a tentative underwriting auction, a process promoted by Taiwan’s Financial Supervisory Commission since 2016. Underwriters receive shares at a set price, slightly below the market, before public subscription.
Syntec’s tentative underwriting price is NT$630 per share, with 1,287 lots allocated. The lottery drawing is set for Sept. 11.
Based on the company’s OTC closing price of around NT$900, winning investors could pocket more than NT$300,000 per lot, or 1,000 shares. This represents a potential return above 40%.
Syntec has emerged as one of the OTC market’s top performers, second only to Hon Precision. It briefly surpassed NT$1,000 on Aug. 29 amid a rise in robotics-themed stocks.
The company is currently expanding its industrial and smart robotics portfolio, including robot motion control systems, integrated controllers, sensors, and mechanical arms. Product rollouts with clients are expected to start in the first half of 2026.
Syntec has also laid out a five-year growth plan focused on artificial intelligence and robotics. Recently, it partnered with I-Mei Foods and Mirle Automation, a TSMC equipment supplier, to form a joint venture targeting the drone and robotics market.
Financially, Syntec reported a consolidated Q2 gross margin of 47.56%, with after-tax profit of NT$599 million, up 20% year-on-year. For the first half of 2025, after-tax profit reached NT$1.08 billion, a 33.9% increase from the same period last year, and earnings per share hit a record NT$17.2.
*I-Mei is the parent company of Taiwan News
