Cheil Industries Inc., the de-facto holding company of Samsung Group, plans to open subscription for its initial public offering shares for investors from Wednesday through Thursday.

The subscription will be led by six local brokers ― KDB Daewoo Securities Co. and Woori Investment Securities Co., which are leading the IPO, and Samsung Securities Co., Shinhan Investment Corp., Hana Daetoo Securities Co., and KB Investment & Securities Co, the four underwriters.

The IPO slated for next week is expected to soak up money, as investors seek lucrative options amid low rates and a dull stock market, analysts said Tuesday.

Cheil Industries will issue 10 million new shares, while three shareholders ― Samsung SDI Co., Samsung Card Co. and KCC Corp. ― will sell a combined 18.75 million outstanding shares through the IPO scheduled for Dec. 18.

With its offer price set at 53,000 won ($47.59) per share, the top end of its proposed price range of 45,000 won-53,000 won a share, the listing is expected to rake in 1.52 trillion won, the country’s biggest since Samsung Insurance Co.’s 4.9 trillion won offering in 2010.

It is also expected to deliver handsome commission fees to brokerage houses involved in the subscription, with the combined amount estimated at over 15 billion won. (Yonhap)