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IPO Detail
06181 老鋪黃金
LAOPU GOLD
Listing Date2024/06/28
Listing Price40.500
 
Quote
Subscription Result
  • Subscription Rate
    582.15x
  • Guarantee One Lot Size
    35 lot
  • One Lot Success Rate
    3.39%
COMPANY PROFILE

Laopu Gold Co is a Chinese heritage gold jewelry brand accredited by the China Gold Association, epitomizing China’s intangible cultural heritage value and craftsmanship through its comprehensive product portfolio.

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The Group’s gold jewelry products primarily comprise pure gold jewelry and gem-set jewelry (with diamonds or other gemstones inlaid in pure gold). It derived a material portion of revenue from sales of self-designed heritage gold jewelry through its boutiques.

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The Group’s market share in the heritage gold jewelry market and the gold jewelry market in China of 2.0% and 0.6%, respectively, in terms of revenue in 2023, according to Frost & Sullivan. Among all gold jewelry brands in China, it ranked first in terms of single-store sales in each of 2022 and 2023.

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The Group adopt a self-operation model for all its boutiques. As of June 11, 2024, it self-operated 33 boutiques in reputable commercial centers in 14 cities across China, most of which were tier-one and new tier-one cities.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureJewellery & Watches
Major Business AreaChina
Board Lot100
GLOBAL OFFERING
No. of Offer Shares22.37M H shares
No. of International Offer Shares11.18M H shares
No. of HK Offer Shares11.18M H shares
Offer Price$40.50
Stock Code6181
Sponsor(s)China Securities (International) Corporate Finance Company Limited
Underwriter(s)China Securities (International) Corporate Finance Company Limited, CCB International Capital Limited, BOCOM International Securities Limited, Tiger Brokers (HK) Global Limited
TIME TABLE
Application PeriodJun 20 (Thu) - noon, Jun 25 (Tue)
Price Determination Date--
Result Announcement DateOn or before Jun 27 (Thu)
Result Announcement DateOn or before Jun 27 (Thu)
Result Announcement DateOn or before Jun 28 (Fri)
Dealings in Shares commence onJun 28, 2024. (Fri)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$40.50
Capitalization (H Shares)3.58B
NAV / share ($)$14.74 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 40.50, the net proceeds raised would be HKD 713.20M, of which
73.3% : Expand sales network, and promote the internationalization of brand through opening new boutiques at both domestic and overseas markets
11.3% : maintain the positioning of brand and increase brand awareness
2.7% : Optimize the internal information technology system and enhance the level of automation and informatization
2.7% : Strengthen research and development capabilities
10% : General working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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