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IPO Detail
02507 西銳
CIRRUS
Listing Date2024/07/12
Listing Price27.500
 
Quote
  • 24.400 +0.400 (+1.667%)    Sink Below Listing Price
  • 15-min delayed, last update: 26/07/2024 17:59
Subscription Result
  • Subscription Rate
    1.56x
  • Guarantee One Lot Size
    1 lot
  • One Lot Success Rate
    100%
COMPANY PROFILE

Cirrus Aircraft Limited designs, develops, manufactures, and sells premium aircraft recognized across the personal aviation industry, which incorporate innovations in safety, technology, connectivity, performance, and comfort. The Group’s market share in the global personal aviation market was 32% in 2023 based on the number of units delivered, according to report..

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The Group’s two aircraft product lines, the SR2X Series and the Vision Jet, have successfully set the industry standard for owner-piloted aircraft and are currently certified and validated in more than 60 countries. The Group have delivered over 9,700 SR2X Series aircraft and over 500 Vision Jet aircraft.

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As of December 31, 2023, the Group had established a sales presence in more than 36 countries. Its customers primarily consist of retail customers and institutional operators, including for fleet and other specific purposes. Its products were sold to customers in 44 countries and territories around the world.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureIndustrials
Major Business AreaGlobal
Board Lot100
GLOBAL OFFERING
No. of Offer Shares54.88M shares
No. of International Offer Shares49.39M shares
No. of HK Offer Shares5.49M shares
Offer Price$27.34 - $28.00
Stock Code2507
Sponsor(s)China International Capital Corporation Hong Kong Securities Limited
Underwriter(s)China International Capital Corporation Hong Kong Securities Limited, ABCI Securities Company Limited, AVICT Global Asset Management Limited, BOCI Asia Limited, China Galaxy International Securities (Hong Kong) Co., Limited, China Merchants Securities (HK) Co., Limited, CMB International Capital Limited, Futu Securities International (Hong Kong) Limited, Guosen Securities (HK) Capital Company Limited, Huatai Financial Holdings (Hong Kong) Limited, ICBC International Securities Limited, Tiger Brokers (HK) Global Limited
TIME TABLE
Application PeriodJun 28 (Fri) - noon, Jul 09 (Tue)
Price Determination DateJul 10 (Wed)
Result Announcement DateOn or before Jul 11 (Thu)
Result Announcement DateOn or before Jul 11 (Thu)
Result Announcement DateOn or before Jul 12 (Fri)
Dealings in Shares commence onJul 12, 2024. (Fri)
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$27.34 - $28.00
Capitalization10.00B - 10.24B
NAV / share ($)$6.33 - $6.4 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 27.67, the net proceeds raised would be HKD 1.39B, of which
30% : Fund innovation, product enhancements, continuing product improvements
30% : Enhance production efficiency and capacity
30% : Fund improvement and expansion of service, sales and support for products and services
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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