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IPO Detail
03931 中創新航
CALB
Listing Date2022/10/06
Listing Price38.000
 
Quote
  • 19.320 -0.280 (-1.429%)    Sink Below Listing Price
  • 15-min delayed, last update: 29/11/2022 12:20
Subscription Result
  • Subscription Rate
    0.21x
  • Guarantee One Lot Size
    1 lot
  • One Lot Success Rate
    100%
COMPANY PROFILE

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.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureAutomobiles
Major Business AreaChina
Board Lot100
GLOBAL OFFERING
No. of Offer Shares265.85M H shares
No. of International Offer Shares263.03M H shares
No. of HK Offer Shares2.82M H shares
Offer Price$38.00 - $51.00
Stock Code3931
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
TIME TABLE
Application PeriodSep 23 (Fri) - noon, Sep 28 (Wed)
Price Determination DateSep 28 (Wed)
Result Announcement DateOn or before Oct 05 (Wed)
Result Announcement DateOn or before Oct 05 (Wed)
Dealings in Shares commence onOct 06, 2022. (Thu)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer7.5%10%20%
Sales Statistics (HKD)
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)
Use Of Proceeds
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
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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