08637 元續科技
METASURFACE
METASURFACE
| Listing Date | 2024/07/02 |
| Listing Price | 2.420 |
Quote
Subscription Result
- Subscription Rate2,480.61x
- Guarantee One Lot Size300 lot
- One Lot Success Rate3.01%
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IPO Detail
COMPANY PROFILE
Metasurface Technologies Holdings was established in 2000, the Group is a precision engineering services provider headquartered in Singapore, specialising in providing precision machining and precision welding services for international companies in the semiconductor and other sectors.
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Precision machining involves using Computer Numerical Controls (‘‘CNC’’) machines and other advanced machine tools to cut and shape materials and to produce parts that meet extremely strict specifications in terms of size, shape, surface finish and other geometric attributes with micrometre-level of accuracy. Precision welding involves using advanced welding methods and specialised processes such as laser and electron beam to join materials together according to strict specifications and tolerance. The Group has grown business to serve customers in various sectors, including semiconductor, aerospace and data storage industries.
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According to report, the Group ranked fifth in terms of revenue from the semiconductor segment of the precision component engineering industry in Singapore in 2023 with a market share of 3.3%.
The Group’s business is headquartered in Singapore with production facilities in Singapore and Malaysia.
BASIC INFORMATION
| Market | Hong Kong (GEM) |
| Business Nature | Industrials |
| Major Business Area | Singapore |
| Board Lot | 1000 |
GLOBAL OFFERING
| No. of Offer Shares | 27.00M shares |
| No. of Public Offer Shares | 13.50M shares |
| No. of Placing Shares | 13.50M shares |
| Offer Price | $2.38 - $3.00 |
| Stock Code | 8637 |
| Sponsor(s) | UOB Kay Hian (Hong Kong) Limited |
| Underwriter(s) | UOB Kay Hian (Hong Kong) Limited, Chiyu International Capital Limited, Cinda International Capital Limited, Maxa Capital Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Jun 21 (Fri) - noon, Jun 26 (Wed) |
| Price Determination Date | Jun 27 (Thu) |
| Result Announcement Date | On or before Jun 28 (Fri) |
| Result Announcement Date | On or before Jun 28 (Fri) |
| Result Announcement Date | On or before Jul 02 (Tue) |
| Dealings in Shares commence on | Jul 02, 2024. (Tue) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $2.38 - $3.00 |
| Capitalization | 357.00M - 450.00M |
| NAV / share ($) | $1.08 - $1.19 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 2.69, the net proceeds raised would be HKD 20.60M, of which |
| 60.1% : Expanding scale of operation and enhancing production capabilities |
| 15.4% : Strengthening quality control capabilities include acquisition of new coordinate measuring machine and enhancing information system |
| 4.7% : Enhancing marketing efforts |
| 9.8% : Repayment of certain bank borrowings |
| 10% : working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).