01334 瑞昌國際控股
RUICHANG INTL
RUICHANG INTL
| Listing Date | 2024/07/10 |
| Listing Price | 1.050 |
Quote
Subscription Result
- Subscription Rate19.24x
- Guarantee One Lot Size20 lot
- One Lot Success Rate20.01%
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IPO Detail
COMPANY PROFILE
Ruichang International Holdings Limited is a petroleum refinery and petrochemical equipment manufacturer based in Henan Province, the PRC. The Group’s products are divided into four product categories, namely sulphur recovery unit and volatile organic compounds incineration equipment; catalytic cracking equipment; process burners; and heat exchangers, including their related parts and components, to its downstream customers in the PRC.
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The Group has accounted for approximately 0.08% market share in the overall petroleum refinery and petrochemical equipment industry in the PRC in terms of total revenue in 2023. It was the third largest catalytic cracking equipment manufacturer for petroleum refinery and petrochemical operations in the PRC with a market share of approximately 7.6% and also the second largest SRU and VOCs incineration equipment manufacturers in petroleum refinery and petrochemical operation in the PRC with a market share of approximately 3.4% in terms of revenue in 2023.
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The Group owned two production facilities in Luoyang city, Henan province, the PRC, with a total gross floor area of approximately 20,807.4 sq.m., one of which is responsible for the production of SRU and VOCs incineration equipment and catalytic cracking equipment, and the other one is responsible for the production of process burners and heat exchangers. Its customers mainly comprised market participants in the petroleum refinery and petrochemical industries in the PRC.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Oil & Gas |
| Major Business Area | China |
| Board Lot | 2500 |
GLOBAL OFFERING
| No. of Offer Shares | 125.00M shares |
| No. of International Offer Shares | 109.33M shares |
| No. of HK Offer Shares | 15.68M shares |
| Offer Price | $1.05 - $1.39 |
| Stock Code | 1334 |
| Sponsor(s) | First Shanghai Capital Limited |
| Underwriter(s) | First Shanghai Securities Limited, Victory Securities Company Limited, CLSA Limited, Shenwan Hongyuan Securities (H.K.) Limited, Central China International Capital Limited, China Merchants Securities (HK) Co., Limited, China Everbright Securities (HK) Limited, Shanxi Securities International Limited, Essence International Securities (Hong Kong) Limited, Livermore Holdings Limited, Tiger Brokers (HK) Global Limited, Fortune (HK) Securities Limited, CCB International Capital Limited, Zhongtai International Securities Limited, Goldlink Securities Limited, TradeGo Markets Limited, Fosun International Securities Limited, CMBC Securities Company Limited, Futu Securities International (Hong Kong) Limited, SPDB International Capital Limited |
TIME TABLE
| Application Period | Jun 28 (Fri) - noon, Jul 05 (Fri) |
| Price Determination Date | Jul 08 (Mon) |
| Result Announcement Date | On or before Jul 09 (Tue) |
| Result Announcement Date | On or before Jul 09 (Tue) |
| Result Announcement Date | On or before Jul 10 (Wed) |
| Dealings in Shares commence on | Jul 10, 2024. (Wed) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $1.05 - $1.39 |
| Capitalization | 525.00M - 695.00M |
| NAV / share ($) | $0.83 - $0.91 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 1.22, the net proceeds raised would be HKD 82.90M, of which |
| 73% : Partially finance the construction of the New Production Facility to increase production capacity and capabilities |
| 17.5% : Further strengthen design and research and development capabilities |
| 9.5% : Working capital |
IPO NEWS
| 10/07/2024 16:08 |
| {New Stock}RUICHANG INTL(01334) ends up 14.29% at HK$1.2 |
| 10/07/2024 09:20 |
| {New Stock}RUICHANG INTL(01334) opens up 23.81% at HK$1.3 |
| 09/07/2024 18:35 |
| {New Stock}RUICHANG INTL ends up 13.33% on grey market |
| 09/07/2024 16:20 |
| {New Stock}RUICHANG INTL up 4.76% at HK$1.1 on grey market |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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Listing --Offer Price︰--
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).