01407 交運燃氣
JY GAS
JY GAS
| Listing Date | 2022/11/16 |
| Listing Price | 1.420 |
Quote
Subscription Result
- Subscription Rate7.15x
- Guarantee One Lot Size7 lot
- One Lot Success Rate30%
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IPO Detail
COMPANY PROFILE
JY GAS Limited is a natural gas operator with over 16 years of experience. It operates in Gaomi City, Weifang Municipality of Shandong Province, which has a residential population of approximately 895,000 people as of 2021. Its revenue from (i) the sale of PNG, primarily through urban pipeline network to its PNG end-users in our Operating Area; (ii) the sale of CNG and LNG at CNG and LNG refuelling stations; (iii) the provision of construction and installation services; and (iv) the sale of gas-burning appliances.
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The Group have an exclusive right under its Concession Agreement with Gaomi City Bureau of Municipal Affairs Administration to operate PNG sales and related businesses within its Operating Area, for an effective term of 30 years from 18 August 2009. Its operating Area under the Concession represented approximately 70% of the total administrative area of Gaomi City. Its PNG suppliers are PetroChina and Shandong Shihua (which is owned by Sinopec as to 50%).
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Its PNG customers are primarily retail, consisting of residential, commercial and industrial PNG end-users. It also engages in the sale of CNG and LNG, provision of construction and installation services and sale of gas-burning appliances.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Utilities |
| Major Business Area | China |
| Board Lot | 2000 |
GLOBAL OFFERING
| No. of Offer Shares | 110.00M shares |
| No. of International Offer Shares | 99.00M shares |
| No. of HK Offer Shares | 11.00M shares |
| Offer Price | $1.42 - $1.62 |
| Stock Code | 1407 |
| Sponsor(s) | China Industrial Securities International Capital Limited |
| Underwriter(s) | China Industrial Securities International Capital Limited, ABCI Securities Company Limited, ICBC International Securities Limited, CCB International Capital Limited, BOCOM International Securities Limited, CEB International Capital Corporation Limited, CMBC Securities Company Limited, SPDB International Capital Limited, Zhongtai International Securities Limited, China Everbright Securities (HK) Limited, SBI China Capital Financial Services Limited, Livermore Holdings Limited, Valuable Capital Limited, Maxa Capital Limited |
TIME TABLE
| Application Period | Oct 31 (Mon) - noon, Nov 07 (Mon) |
| Price Determination Date | Nov 07 (Mon) |
| Result Announcement Date | On or before Nov 15 (Tue) |
| Result Announcement Date | On or before Nov 15 (Tue) |
| Dealings in Shares commence on | Nov 16, 2022. (Wed) |
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 | $1.42 - $1.62 |
| Capitalization | 624.80M - 712.80M |
| NAV / share ($) | $0.54 - $0.59 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 1.52, the net proceeds raised would be HKD 122.20M, of which |
| 48.5% : Expanding sale of PNG business through construction of new mid-pressure pipelines of approximately 101.0 km |
| 20.5% : Upgrading approximately 43.4 km of urban pipeline network |
| 6.9% : Replacing existing gas meters with Goldcard Meters for over 19,500 households |
| 14.1% : Construction of an aggregate of 18 km PNG end-user pipelines |
| 10% : Working capital |
IPO NEWS
| 16/11/2022 16:08 |
| {New Stock}JY GAS(01407) ends flat at HK$1.42 |
| 16/11/2022 09:20 |
| {New Stock}JY GAS(01407) opens up 7.04% at HK$1.52 |
| 15/11/2022 18:35 |
| {New Stock}JY GAS ends up 28.17% at HK$1.82 on grey market |
| 15/11/2022 16:20 |
| {New Stock}JY GAS(01407) up 30.28% at HK$1.85 on grey market |
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).