
CALB
Listing Date | 2022/10/06 |
Listing Price | 38.000 |
- Subscription Rate0.21x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
Listing Date | 2022/10/06 |
Listing Price | 38.000 |
CALB Co. is a leading new energy technology company mainly engaged in the design, R&D, production and sales of EV batteries and ESS products. In terms of installed capacity, the Group has a 5.9% market share in 2021 and 8.2% market share for the three months ended March 31, 2022.
The Group’s products mainly include: battery cells, battery modules, and battery packs of EV batteries that are mainly applied to NEVs; and ESS products, which can be applied to power generation stations, power grid enterprises, data centers and base stations. Its products have been delivered to industry leading NEV manufacturers. It became an EV battery supplier to well-established NEV brands, such as GAC Aion, Changan NEV and Leapmotor.
The Group has an all-round patent portfolio over 1,200 patents that cover the entire battery industry chain, The Group have production bases located in Changzhou, Luoyang and Xiamen.
Market | Hong Kong (Main Board) |
Business Nature | Automobiles |
Major Business Area | China |
Board Lot | 100 |
No. of Offer Shares | 265.85M H shares |
No. of International Offer Shares | 263.03M H shares |
No. of HK Offer Shares | 2.82M H shares |
Offer Price | $38.00 - $51.00 |
Stock Code | 3931 |
Sponsor(s) | Huatai Financial Holdings (Hong Kong) Limited |
Underwriter(s) | Huatai Financial Holdings (Hong Kong) Limited, J.P. Morgan Securities (Asia Pacific) Limited, Citigroup Global Markets Asia Limited, Credit Suisse (Hong Kong) Limited, Futu Securities International (Hong Kong) Limited |
Application Period | Sep 23 (Fri) - noon, Sep 28 (Wed) |
Price Determination Date | Sep 28 (Wed) |
Result Announcement Date | On or before Oct 05 (Wed) |
Result Announcement Date | On or before Oct 05 (Wed) |
Dealings in Shares commence on | Oct 06, 2022. (Thu) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 7.5% | 10% | 20% |
Offer Price | $38.00 - $51.00 |
Capitalization (H Shares) | 10.10B - 13.56B |
NAV / share ($) | $21.00 - $22.90 (Unaudited pro forma adj NAV / share) |
Assuming the offer price being at HKD 44.5, the net proceeds raised would be HKD 11.56B, of which |
80% : construction of production lines of EV battery and ESS |
10% : Used for R&D of advanced technologies |
10% : Working capital |
06/10/2022 16:08 |
{New Stock}CALB(03931) ends flat at HK$38 |
06/10/2022 09:20 |
{New Stock}CALB(03931) opens flat at HK$38 |
05/10/2022 18:35 |
{New Stock}CALB(03931) ends flat at HK$38 on grey market |
05/10/2022 16:20 |
{New Stock}CALB(03931) down 1.58% at HK$37.4 on grey market |
Prospectus | ![]() | ![]() |
Remark: | The above information is referenced from the prospectus. |
All data is calculated from the non- exercise rights(if applicable). |
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