02560 海螺材料科技
CONCH MAT TECH
CONCH MAT TECH
| Listing Date | 2025/01/09 |
| Listing Price | 3.000 |
Quote
Subscription Result
- Subscription Rate25.83x
- Guarantee One Lot Size4 lot
- One Lot Success Rate70.00%
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IPO Detail
COMPANY PROFILE
Anhui Conch Material Technology Co., Ltd. Is a fine chemical materials supplier which produces and sells cement admixture, concrete admixture and their respective upstream raw materials. According to report, the Group ranked first in the PRC in terms of both sales volume and revenue of cement admixtures in FY2023, with a market share of approximately 28.3% and 32.3%, respectively.
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The Group mainly sold cement admixture and concrete admixture, and their respective in-process intermediaries, namely, processed alcohol amine, polyether monomers and polycarboxylic acid mother liquor in the PRC. Respective in-process intermediaries of cement and concrete admixtures also serve as raw materials in the production of cement and concrete admixtures.
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The Group have 11 production facilities located across the PRC. The Group production facilities are located in Ningbo of Zhejiang Province, Linyi of Shandong Province, Guigang of Guangxi Zhuang Autonomous Region, Qiannan Buyi and Miao Autonomous Prefecture of Guizhou Province, Meishan of Sichuan Province, Tongling of Anhui Province, Xiangyang of Hubei Province, Xianyang of Shaanxi Province, Haidong of Qinghai Province, Kunming of Yunnan Province and Huludao of Liaoning Province, and had a total GFA of 123,950.22 m2 as at of Dec 22, 2024.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Construction |
| Major Business Area | China |
| Board Lot | 1000 |
GLOBAL OFFERING
| No. of Offer Shares | 144.97M H shares |
| No. of International Offer Shares | 101.48M H shares |
| No. of HK Offer Shares | 43.49M H shares |
| Offer Price | $3.00 - $3.30 |
| Stock Code | 2560 |
| Sponsor(s) | China Securities (International) Corporate Finance Company Limited |
| Underwriter(s) | China Securities (International) Corporate Finance Company Limited, China Galaxy International Securities (Hong Kong) Co., Limited, BOCI Asia Limited, ABCI Securities Company Limited, ICBC International Securities Limited, Victory Securities Company Limited, Shenwan Hongyuan Securities (H.K.) Limited, CCB International Capital Limited, Haitong International Securities Company Limited, Star River Securities Limited, Guoyuan Securities Brokerage (Hong Kong) Limited, Orient Securities (Hong Kong) Limited, SPDB International Capital Limited, China Industrial Securities International Capital Limited, BOCOM International Securities Limited, Fosun International Securities Limited, China Sunrise Securities (International) Limited, Hong Tai Securities Limited |
TIME TABLE
| Application Period | Dec 31 (Tue) - noon, Jan 06 (Mon) |
| Price Determination Date | Jan 07 (Tue) |
| Result Announcement Date | On or before Jan 08 (Wed) |
| Result Announcement Date | On or before Jan 08 (Wed) |
| Result Announcement Date | On or before Jan 09 (Thu) |
| Dealings in Shares commence on | Jan 09, 2025. (Thu) |
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 | $3.00 - $3.30 |
| Capitalization | 1.74B - 1.91B |
| NAV / share ($) | $2.33 - $2.40 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 3.15, the net proceeds raised would be HKD 417.60M, of which |
| 35% : Optimising production capacity, effectively extending geographical presence in the PRC and certain overseas countries |
| 10% : Implement marketing initiatives |
| 15% : Devote further resources to R&D initiatives |
| 15% : Repay certain bank loans |
| 15% : Acquire or establish joint ventures |
| 10% : Working capital |
IPO NEWS
| 09/01/2025 16:08 |
| {New Stock}CONCH MAT TECH ends down 47.67% at HK$1.57 |
| 09/01/2025 09:20 |
| {New Stock}CONCH MAT TECH(02560) opens down 40% at HK$1.8 |
| 08/01/2025 18:35 |
| {New Stock}CONCH MAT TECH ends down 31.33% on grey market |
| 08/01/2025 16:20 |
| {New Stock}CONCH MAT TECH down 24% at HK$2.28 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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*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).