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IPO Detail
02503 中深建業
ZHONGSHENJIANYE
Listing Date2024/01/09
Listing Price1.000
 
Quote
  • 0.730 -0.010 (-1.351%)    Sink Below Listing Price
  • 15-min delayed, last update: 18/04/2024 17:53
Subscription Result
  • Subscription Rate
    58.44x
  • Guarantee One Lot Size
    1 lot
  • One Lot Success Rate
    100%
COMPANY PROFILE

Zhongshen Jianye Holding is a growing private general contracting construction enterprise in the PRC. According to report, it ranked top 50 out of over 10,000 private construction companies headquartered in Guangdong Province in terms of revenue in 2022, accounting for a market share of approximately 0.23%.

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Its projects encompass a wide range of construction works, including construction engineering works which primarily consist of structural and/or engineering works; municipal and public construction works which primarily consist of all urban and rural public infrastructure construction; foundation engineering works which primarily consist of earthwork and foundation construction and slope protection work; and specialised contracting works which require strong professionalism and primarily consist of building renovation and decoration works services.

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During the period comprising FY2020, FY2021, FY2022 and 6M2023, it secured 55, 54, 62 and 35 new projects, respectively, and completed 50, 55, 33 and 26 projects, respectively. As of 19 December 2023, it had 131 ongoing projects (either in progress or yet to commence).

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Its customers mainly include government departments, SOEs, and listed and private enterprises.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureConstruction
Major Business AreaChina
Board Lot4000
GLOBAL OFFERING
No. of Offer Shares128.70M shares
No. of Public Offer Shares51.48M shares
No. of Placing Shares77.22M shares
Offer Price$1.00
Stock Code2503
Sponsor(s)Kingsway Capital Limited
Underwriter(s)Beta International Securities Limited, Valuable Capital Limited
TIME TABLE
Application PeriodDec 28 (Thu) - noon, Jan 04 (Thu)
Price Determination Date--
Result Announcement DateOn or before Jan 08 (Mon)
Result Announcement DateOn or before Jan 08 (Mon)
Result Announcement DateOn or before Jan 09 (Tue)
Dealings in Shares commence onJan 09, 2024. (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$1.00
Capitalization514.80M
NAV / share ($)$0.93 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 1.00, the net proceeds raised would be HKD 85.00M, of which
45.7% : Fund capital needs and cash flow of certain projects that have been awarded recently
41.3% : Acquire certain machinery
7% : Hire additional manpower
6% : 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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