02350 數科集團
MTT GROUP
MTT GROUP
| Listing Date | 2022/09/26 |
| Listing Price | 0.850 |
Quote
Subscription Result
- Subscription Rate151.30x
- Guarantee One Lot Size120 lot
- One Lot Success Rate30.1%
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IPO Detail
COMPANY PROFILE
MTT Group is an IT solutions provider established in Hong Kong, primarily engaged in the distribution of IT products in Hong Kong and provision of SI solutions in Hong Kong, the PRC and Macau.
In the value chain of the IT industry, the Group operates in distribution business as an authorised distributor sourcing IT products from IT product vendors and distributing to downstream resellers; and SI solutions business as an SI solutions provider procuring IT products from authorised distributors, integrating them into customised SI solutions and reselling them to endusers. Due to the distinctiveness of the two segments, it conducts distribution business and SI solutions business through two different tradenames, namely, TriTech and Multisoft , respectively.
The Group served over 1,000 customers for each of the three years ended 31 March 2022. Its end-user customers primarily include government, public utility companies, NGOs, SMEs, large multinational and local business enterprises spanning across industries of financial services, property development and healthcare.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | Hong Kong |
| Board Lot | 5000 |
GLOBAL OFFERING
| No. of Offer Shares | 156.25M shares |
| No. of International Offer Shares | 78.13M shares |
| No. of HK Offer Shares | 78.13M shares |
| Offer Price | $0.80 - $0.86 |
| Stock Code | 2350 |
| Sponsor(s) | Innovax Capital Limited |
| Underwriter(s) | Innovax Securities Limited, China PA Securities (Hong Kong) Company Limited, Canfield Securities Company Limited, Sinomax Securities Limited |
TIME TABLE
| Application Period | Sep 13 (Tue) - noon, Sep 16 (Fri) |
| Price Determination Date | Sep 16 (Fri) |
| Result Announcement Date | On or before Sep 23 (Fri) |
| Result Announcement Date | On or before Sep 23 (Fri) |
| Dealings in Shares commence on | Sep 26, 2022. (Mon) |
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 | $0.80 - $0.86 |
| Capitalization | 500.00M - 537.50M |
| NAV / share ($) | $0.26 - $0.27 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 0.83, the net proceeds raised would be HKD 68.70M, of which |
| 55.3% : Expanding distribution business including enriching product portfolio for distributions; expanding service offerings by launching subscription-based laptop rental services; and expanding workforce |
| 20.4% : Expanding SI solutions business |
| 7.7% : Establishing a new centralised service unit for providing IT maintenance and 24/7 technical support |
| 4.4% : Upgrading equipment, software, hardware and ERP systems |
| 2% : Strengthening marketing effort and improving brand recognition |
| 10.2% : 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).