Quote | Super Quote
IPO   |   IPO News   |   Listed IPO Information   |   Hot Listed IPO
Stock Code   IPO News IPO Timetable
IPO Detail
02465 龍蟠科技
LOPAL TECH
Listing Date2024/10/30    Listed Today
Listing Price5.500
 
Quote
  • 4.910 -0.590 (-10.727%)    Sink Below Listing Price
  • 15-min delayed, last update: 30/10/2024 15:23
Subscription Result
  • Subscription Rate
    3.99x
  • Guarantee One Lot Size
    2 lot
  • One Lot Success Rate
    70.02%
COMPANY PROFILE

Jiangsu Lopal Tech. Co., Ltd. is a major LFP cathode material manufacturer in the world and a renowned automotive specialty chemical manufacturer in mainland China. The Group primarily operates in the following two segments:

--

LFP cathode materials. The Group primarily engages in the production and sale of LFP cathode materials. LFP cathode materials are currently the most extensively used cathode materials for producing lithium-ion batteries used in a wide variety of end markets, including NEV and energy storage industries.

--

Automotive specialty chemicals. The Group primarily engages in the production and sale of a diverse portfolio of automotive specialty chemical products covering diesel exhaust fluids, automobile and industrial lubricants, coolants and car maintenance products, which are widely used in the automobile manufacturing market, automotive aftermarket, and engineering equipment market. The Group operated seven production facilities for its automotive specialty chemical business in the PRC.

--

According to Frost & Sullivan, in terms of sales volume in 2023, the Group is China’s and the world’s fourth largest LFP cathode material manufacturer, with a global market share of 6.5%; the third largest diesel exhaust fluid manufacturer in mainland China, with a market share of 9.1%; and the third largest coolant manufacturer in mainland China, with a market share of 5.8%, respectively.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureChemicals
Major Business AreaChina
Board Lot500
GLOBAL OFFERING
No. of Offer Shares100.00M H shares
No. of International Offer Shares90.00M H shares
No. of HK Offer Shares10.00M H shares
Offer Price$4.50 - $7.00
Stock Code2465
Sponsor(s)Guotai Junan Capital Limited, Halcyon Capital Limited
Underwriter(s)Guotai Junan Securities (Hong Kong) Limited, Halcyon Securities Limited, ICBC International Securities Limited, BOCI Asia Limited, CCB International Capital Limited, ABCI Securities Company Limited, CMB International Capital Limited, TradeGo Markets Limited, Livermore Holdings Limited
TIME TABLE
Application PeriodOct 22 (Tue) - noon, Oct 25 (Fri)
Price Determination DateOct 28 (Mon)
Result Announcement DateOn or before Oct 29 (Tue)
Result Announcement DateOn or before Oct 29 (Tue)
Result Announcement DateOn or before Oct 30 (Wed)
Dealings in Shares commence onOct 30, 2024. (Wed)
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$4.50 - $7.00
Capitalization (H Shares)450.00M - 700.00M
NAV / share ($)$5.14 - $5.51 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 5.75, the net proceeds raised would be HKD 520.00M, of which
40% : Pay partial expenses for the phase II of the Indonesia Plant
40% : Pay partial expenses for new LMFP production lines at our Xiangyang Plant in Hubei Province
10% : Repay certain interest-bearing bank borrowings
10% : Working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
IPO Calculator
Name︰
--
--
--
Subscription --
Result Announcement --
Listing --
Offer Price︰--
Currency :
Listing Price :
Board Lot :
Admission Fee*
:
Subscribing Lot :
Subscribing Fee :

Subscribing Amount :
*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).
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.