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IPO Detail
02271 眾安智慧生活
ZHONGAN SERVICE
Listing Date2023/07/18
Listing Price1.180
 
Quote
  • 0.710 -0.040 (-5.333%)    Sink Below Listing Price
  • 15-min delayed, last update: 27/05/2024 17:59
Subscription Result
  • Subscription Rate
    1.84x
  • Guarantee One Lot Size
    3 lot
  • One Lot Success Rate
    50.00%
COMPANY PROFILE

Zhong An Intelligent Living Service is headquartered in Hangzhou. Through over 24 years of operations since its establishment in 1998, it has grown to an integrated regional property management service provider with major presence in Zhejiang province.

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The Group is an integrated regional property management service provider with major presence in Zhejiang province. As of December 31, 2022, it had a total of 139 contracted projects with a total contracted GFA of approximately 19.4 million sq.m., covering 19 cities and seven provinces in China; and managed a total of 95 projects, with a total GFA under management of approximately 12.8 million sq.m., covering 11 cities and three provinces in China.

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According to CIA, it was ranked seventh, ninth and 25th, among the 2023 Top 100 Property Management Companies in China headquartered in Hangzhou, Zhejiang province and the Yangtze River Delta Region, respectively, in terms of the GFA under management as of December 31, 2022.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureProperties
Major Business AreaChina
Board Lot2000
GLOBAL OFFERING
No. of Offer Shares126.67M shares
No. of International Offer Shares114.00M shares
No. of HK Offer Shares12.67M shares
Offer Price$1.18 - $1.48
Stock Code2271
Sponsor(s)China Merchants Securities (HK) Co., Limited, Huatai Financial Holdings (Hong Kong) Limited
Underwriter(s)Huatai Financial Holdings (Hong Kong) Limited, China Merchants Securities (HK) Co., Limited, Guotai Junan Securities (Hong Kong) Limited, CCB International Capital Limited, Victory Securities Company Limited
TIME TABLE
Application PeriodJun 30 (Fri) - noon, Jul 11 (Tue)
Price Determination DateJul 11 (Tue)
Result Announcement DateOn or before Jul 17 (Mon)
Result Announcement DateOn or before Jul 17 (Mon)
Result Announcement DateOn or before Jul 17 (Mon)
Dealings in Shares commence onJul 18, 2023. (Tue)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$1.18 - $1.48
Capitalization597.90M - 749.90M
NAV / share ($)$0.38 - $0.45 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 1.33, the net proceeds raised would be HKD 110.10M, of which
55% : Acquire or invest in other small- and medium-sized property management companies that focus on residential or non-residential properties in the PRC
30% : Invest and upgrade in hardware and software for the development of communities across the projects it manages
15% : Enrich the service offerings, scale and efficiency of community value-added services
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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