02585 夢金園
MOKINGRAN
MOKINGRAN
| Register Close | 2024/11/26 IPO Closing Tomorrow |
| Listing Date | 2024/11/29 |
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IPO Detail
COMPANY PROFILE
Mokingran Jewellery Group Co., Ltd. is a gold jewellery Original Brand Manufacturer (OBM), focusing on markets in third and lower-tier cities in the PRC. Its brand is ‘‘梦金园’’. As of November 13, 2024, the Group was one of the very few with an operation that encompasses key stages of the gold jewellery industry, from raw material sourcing and purification, R&D, product design, manufacturing to retailing through its diversified sales network.
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According to China Gold Association and Frost & Sullivan, in 2023, the Group was ranked third and fifth by gold processing volume and gold jewellery revenue, respectively, amongst gold jewellery brands in the PRC; and third in terms of gold jewellery revenue (excluding gold bullion) in third and lower tier cities amongst gold jewellery brands in the PRC.
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With high-purity gold jewellery products as the Group’s core products, it have established a diversified sales network. As of June 30, 2024, the Group had established a comprehensive franchise network covering 2,850 franchise stores operated by 1,670 franchisees, seven self-operated direct service centers and 17 provincial-dealers. The Group’s customers include provincial-dealers, franchisees, e-commerce platforms and consumers from e-commerce sales and self-operated stores.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Jewellery & Watches |
| Major Business Area | China |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 43.96M H shares |
| No. of International Offer Shares | 39.56M H shares |
| No. of HK Offer Shares | 4.40M H shares |
| Offer Price | $12.00 - $14.40 |
| Stock Code | 2585 |
| Sponsor(s) | CITIC Securities (Hong Kong) Limited |
| Underwriter(s) | CLSA Limited, ABCI Securities Company Limited, China Everbright Securities (HK) Limited, Futu Securities International (Hong Kong) Limited, ICBC International Securities Limited, TradeGo Markets Limited |
TIME TABLE
| Application Period | Nov 21 (Thu) - noon, Nov 26 (Tue) |
| Price Determination Date | Nov 27 (Wed) |
| Result Announcement Date | On or before Nov 28 (Thu) |
| Result Announcement Date | On or before Nov 28 (Thu) |
| Result Announcement Date | On or before Nov 29 (Fri) |
| Dealings in Shares commence on | Nov 29, 2024. (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 | $12.00 - $14.40 |
| Capitalization (H Shares) | 819.20M - 983.00M |
| NAV / share ($) | $9.07 - $9.44 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 13.2, the net proceeds raised would be HKD 502.40M, of which |
| 50% : Enhancing production capabilities by upgrading production facility in Weifang, Shandong |
| 34% : Expansion and enhancement of franchise network |
| 16% : Investing in information technology |
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).