02499 廣州佛朗斯
FOLANGSI
FOLANGSI
| Listing Date | 2023/11/10 |
| Listing Price | 14.280 |
Quote
Subscription Result
- Subscription Rate7.80x
- Guarantee One Lot Size9 lot
- One Lot Success Rate20%
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IPO Detail
COMPANY PROFILE
Folangsi Co., Ltd is a leading intralogistics equipment solution provider in China. It primarily provides intralogistics equipment subscription services. In addition, it also provided maintenance and repair services, and sales of intralogistics equipment and parts.
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Intralogistics equipment is an industrial machinery used to replace intensive labor in mechanical work. There are various types of intralogistics equipment, including forklifts, stackers, sorters, conveyors, etc. Subscription of forklifts, including counterbalanced forklifts, reach trucks, and walkie stackers, is important in the Group’s intralogistics equipment subscription services.
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According to CIC, the Group is the largest intralogistics equipment solution provider in China in terms of revenue for 2022, accounting for 7.7% of the total market. As of April 30, 2023, it had 67 offline service outlets in 47 cities throughout China, managing over 40,000 units of intralogistics equipment.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Industrials |
| Major Business Area | China |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 12.14M H shares |
| No. of International Offer Shares | 10.92M H shares |
| No. of HK Offer Shares | 1.21M H shares |
| Offer Price | $14.18 - $16.18 |
| Stock Code | 2499 |
| Sponsor(s) | Haitong International Capital Limited |
| Underwriter(s) | Haitong International Securities Company Limited, GF Securities (Hong Kong) Brokerage Limited, Huatai Financial Holdings (Hong Kong) Limited |
TIME TABLE
| Application Period | Oct 31 (Tue) - noon, Nov 03 (Fri) |
| Price Determination Date | Nov 03 (Fri) |
| Result Announcement Date | On or before Nov 09 (Thu) |
| Result Announcement Date | On or before Nov 09 (Thu) |
| Result Announcement Date | On or before Nov 09 (Thu) |
| Dealings in Shares commence on | Nov 10, 2023. (Fri) |
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 | $14.18 - $16.18 |
| Capitalization | 4.93B - 5.63B |
| NAV / share ($) | $3.13 - $3.19 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 15.18, the net proceeds raised would be HKD 126.80M, of which |
| 45% : Enhance service capabilities, improve customer coverage, and expand categories of intralogistics equipment |
| 20% : Expand and upgrade supply chain infrastructure |
| 15% : Strengthen technology capabilities and infrastructure |
| 10% : Strategic mergers and acquisitions |
| 10% : 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).