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IPO Detail
02483 K CASH集團
K CASH
Listing Date2023/12/05
Listing Price1.800
 
Quote
Subscription Result
  • Subscription Rate
    18.93x
  • Guarantee One Lot Size
    1 lot
  • One Lot Success Rate
    100%
COMPANY PROFILE

K Cash Fintech Corporation Limited is the fourth largest licensed money lender in Hong Kong in respect of the overall unsecured loan business. In 2015, it introduced Video Teller Machines or VTMs, which are digital teller machines that provide loan drawdown and repayment services. The Group also launched online lending portal, and are committed to maintaining high ethical standards and technologically advanced credit assessment models and risk management systems through fintech application.

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The Group offers unsecured credit access through fintech, including loan application, credit assessment, drawdown and loan repayment. The Group loan products can be classified into three categories: Unsecured Property Owner Loans、Personal Loans and SME Loans. Its principal source of revenue is interest income generated from the loans provided to borrowers.

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In terms of the entire unsecured loan market (comprising of authorised institutions and licensed money lenders) and the licensed unsecured money lenders market in Hong Kong, The Group market share in terms of revenue is approximately 0.15% and 3.6% in 2022, respectively.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureOther Financials
Major Business AreaHong Kong
Board Lot2000
GLOBAL OFFERING
No. of Offer Shares125.00M shares
No. of International Offer Shares87.50M shares
No. of HK Offer Shares37.50M shares
Offer Price$1.64 - $1.96
Stock Code2483
Sponsor(s)Ping An of China Capital (Hong Kong) Company Limited, DBS Asia Capital Limited
Underwriter(s)DBS Asia Capital Limited, China PA Securities (Hong Kong) Company Limited, CCB International Capital Limited, Elstone Securities Limited, Valuable Capital Limited, Eddid Securities and Futures Limited, Zhongtai International Securities Limited, Innovax Securities Limited
TIME TABLE
Application PeriodNov 27 (Mon) - noon, Nov 30 (Thu)
Price Determination DateDec 01 (Fri)
Result Announcement DateOn or before Dec 04 (Mon)
Result Announcement DateOn or before Dec 04 (Mon)
Result Announcement DateOn or before Dec 05 (Tue)
Dealings in Shares commence onDec 05, 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$1.64 - $1.96
Capitalization820.00M - 980.00M
NAV / share ($)$1.65 - $1.72 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 1.80, the net proceeds raised would be HKD 182.50M, of which
16.8% : Enriching technology capabilities
73.2% : Expanding loan portfolio
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).
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