02520 山西安裝
SHANXI INSTALL
SHANXI INSTALL
| Listing Date | 2023/11/22 |
| Listing Price | 2.180 |
Quote
Subscription Result
- Subscription Rate0.60x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
Shanxi Installation Group Co. is a construction service provider based in Taiyuan, a city in Shanxi Province, China. It engages in specialized industrial construction, specialized auxiliary construction, other construction and non-construction business. Most of revenue were generated from Shanxi Province. In 2022, the Group was the largest specialized industrial construction contractor in Shanxi Province by revenue with a market share of 3%.
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The Group focuses on the concept of “Design Consultation, Investment, Construction, Operation and Maintenance” to form a “four in one” industrial chain. It undertakes projects in the capacity of both main contractor and subcontractor and are regarded as a midstream contractor.
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The Group customers are involved in a broad range of industries, including among others, new energy industry, infrastructure, and chemical and petrochemical pharmaceutical. Its customers mainly include local governments, listed companies, large state-owned groups and private enterprises.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Construction |
| Major Business Area | China |
| Board Lot | 2000 |
GLOBAL OFFERING
| No. of Offer Shares | 333.33M H shares |
| No. of International Offer Shares | 313.29M H shares |
| No. of HK Offer Shares | 20.05M H shares |
| Offer Price | $2.10 - $2.36 |
| Stock Code | 2520 |
| Sponsor(s) | Huatai Financial Holdings (Hong Kong) Limited, Shanxi Securities International Capital Limited |
| Underwriter(s) | Shanxi Securities International Limited, Huatai Financial Holdings (Hong Kong) Limited, BOCOM International Securities Limited, China Everbright Securities (HK) Limited, CMB International Capital Limited, Futu Securities International (Hong Kong) Limited, ICBC International Capital Limited, Zhongtai International Securities Limited, Eddid Securities and Futures Limited, Patrons Securities Limited, Victory Securities Company Limited, ZMF Asset Management Limited |
TIME TABLE
| Application Period | Nov 10 (Fri) - noon, Nov 15 (Wed) |
| Price Determination Date | Nov 15 (Wed) |
| Result Announcement Date | On or before Nov 21 (Tue) |
| Result Announcement Date | On or before Nov 21 (Tue) |
| Result Announcement Date | On or before Nov 21 (Tue) |
| Dealings in Shares commence on | Nov 22, 2023. (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 | $2.10 - $2.36 |
| Capitalization (H Shares) | 2.80B - 3.15B |
| NAV / share ($) | $1.96 - $2.03 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 2.23, the net proceeds raised would be HKD 668.30M, of which |
| 50% : Financing new energy projects and cooperate with other private entities in investing in and building privately-owned facilities |
| 32% : Financing equity investment commitment under current and future PPP projects and construction projects such as clean heating, distributed energy, solid waste disposal and water treatment |
| 10% : Financing new energy projects of upstream and downstream manufacturing industries |
| 8% : 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).