08090 寶蓋新材
BAOGAI
BAOGAI
| Register Close | 2026/07/03 IPO Closing in 3 Days |
| Listing Date | 2026/07/08 |
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IPO Detail
COMPANY PROFILE
Shandong Baogai New Materials Technology Co. was founded in 2009 and has established itself as a specialized manufacturer in China’s composite trench cover industry, specializing in advanced composite trench cover products primarily for engineering and infrastructure needs.
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The Group’s comprehensive product portfolio primarily includes cable trench covers, drainage trench covers, and manhole trench covers, serving essential sectors such as power, transportation, municipal utilities, hydraulics, real estate and petrochemical engineering across China.
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According to the report, the Group ranked first in China’s cable trench cover and composite cable trench cover industries by market shares, and ranked third in the trench cover industry by market shares in 2025.
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The Group generates its revenue from sales of cable trench covers, manhole trench covers, drainage trench covers, and others. The Group’s customers included direct customers and trading customers.
BASIC INFORMATION
| Market | Hong Kong (GEM) |
| Business Nature | Construction |
| Major Business Area | China |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 14.47M H shares |
| No. of Placing Shares | 13.02M H shares |
| No. of Public Offer Shares | 1.45M H shares |
| Offer Price | $6.15 - $8.51 |
| Stock Code | 8090 |
| Sponsor(s) | Zhongtai International Capital Limited |
| Underwriter(s) | Zhongtai International Securities Limited, SPDB International Capital Limited, CMBC Securities Company Limited, Shanxi Securities International Limited, Futu Securities International (Hong Kong) Limited, South China Securities Limited, Yue Xiu Securities Company Limited, China Sunrise Securities (International) Limited, Yuet Sheung International Securities Limited, First Shanghai Securities Limited |
TIME TABLE
| Application Period | Jun 29 (Mon) - noon, Jul 03 (Fri) |
| Price Determination Date | Jul 06 (Mon) |
| Result Announcement Date | On or before Jul 07 (Tue) |
| Result Announcement Date | On or before Jul 07 (Tue) |
| Result Announcement Date | On or before Jul 08 (Wed) |
| Dealings in Shares commence on | Jul 08, 2026. (Wed) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $6.15 - $8.51 |
| Capitalization (H Shares) | 355.90M - 492.50M |
| NAV / share ($) | $4.29 - $4.85 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 7.33, the net proceeds raised would be HKD 84.30M, of which |
| 30% : Establishment of a production line for continuous carbon fiber prepreg and products |
| 25% : Upgrade existing production lines by adopting automation technologies |
| 15% : Finance R&D expansion |
| 20.1% : Develop global sales and market channels |
| 9.9% : Working capital |
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).