
CHICMAX
Listing Date | 2022/12/22 |
Listing Price | 25.200 |
- Subscription Rate0.48x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
Listing Date | 2022/12/22 |
Listing Price | 25.200 |
Shanghai Chicmax Cosmetic Co. is a multi-brand cosmetics company, focusing on development, manufacturing and sales of skincare and maternity and childcare products. In 2021, it was the only Chinese domestic cosmetics company with two skincare brands each achieving annual retail sales of more than RMB1.5 billion. In addition, the retail sales of Baby Elephant exceeded RMB1.8 billion in 2021, maintaining first in the China market for Chinese branded maternity and childcare products.
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The Group successfully established a number of household brands in China, such as KANS, One Leaf and Baby Elephant, and accumulated a broad customer base. According to the Frost & Sullivan Report, it was the only company with two brands, namely KANS and One Leaf, that ranked among the top ten Chinese domestic skincare brands based on consumer surveys in 2021.
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The Group distributes products through online channels and offline channels. Under its online direct sales model, it sells products directly to end-consumers through its self-operated online stores on third-party e-commerce platforms, primarily including Tmall, Douyin, JD.com and Kuaishou.
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The Group started independent R&D activities in 2003. As of June 30, 2022, it had an R&D team of 204 staff members.
Market | Hong Kong (Main Board) |
Business Nature | Household & Personal Products |
Major Business Area | China |
Board Lot | 100 |
No. of Offer Shares | 36.96M H shares |
No. of International Offer Shares | 35.19M H shares |
No. of HK Offer Shares | 1.76M H shares |
Offer Price | $25.20 - $29.80 |
Stock Code | 2145 |
Sponsor(s) | J.P. Morgan Securities (Far East) Limited, China International Capital Corporation Hong Kong Securities Limited, CLSA Capital Markets Limited |
Underwriter(s) | J.P. Morgan Securities (Asia Pacific) Limited, China International Capital Corporation Hong Kong Securities Limited, CLSA Limited, Zhongtai International Securities Limited, Shenwan Hongyuan Securities (H.K.) Limited, Tiger Brokers (HK) Global Limited, Futu Securities International (Hong Kong) Limited, Valuable Capital Limited, BOCI Asia Limited |
Application Period | Dec 12 (Mon) - noon, Dec 15 (Thu) |
Price Determination Date | Dec 15 (Thu) |
Result Announcement Date | On or before Dec 21 (Wed) |
Result Announcement Date | On or before Dec 21 (Wed) |
Dealings in Shares commence on | Dec 22, 2022. (Thu) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 30% | 40% | 50% |
Offer Price | $25.20 - $29.80 |
Capitalization | 10.00B - 11.83B |
NAV / share ($) | $4.39 - $4.80 (Unaudited pro forma adj NAV / share) |
Assuming the offer price being at HKD 27.50, the net proceeds raised would be HKD 910.40M, of which |
32% : branding activities to raise brand awareness |
12.2% : Enhancing R&D capabilities by strengthening fundamental research and product development |
19.8% : Strengthen production and supply chain capabilities |
18% : Increasing the breadth and depth of sales networks |
8% : Enhancing digitization and information infrastructure |
9.9% : Working capital |
22/12/2022 16:08 |
{New Stock}CHICMAX(02145) ends flat at HK$25.2 |
22/12/2022 09:20 |
{New Stock}CHICMAX(02145) opens flat at HK$25.2 |
21/12/2022 18:35 |
{New Stock}CHICMAX(02145) ends down 1.39% on grey market |
21/12/2022 16:20 |
{New Stock}CHICMAX down 2.98% at HK$24.45 on grey market |
Prospectus | ![]() | ![]() |
Remark: | The above information is referenced from the prospectus. |
All data is calculated from the non- exercise rights(if applicable). |
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