01973 天圖投資
TIAN TU CAPITAL
TIAN TU CAPITAL
| Listing Date | 2023/10/06 |
| Listing Price | 6.500 |
Quote
Subscription Result
- Subscription Rate0.26x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
Tian Tu Capital Co. is a leading private equity investor and fund manager committed to driving the growth of Chinese consumer brands and companies.
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As of March 31, 2023, its funds contributed approximately RMB20.4 billion out of total assets under management (“AUM”) of approximately RMB25.5 billion. The Group managed eight Renminbi-denominated funds and three U.S. dollar-denominated funds. External capital represented 82% of the total committed capital for managed funds, which was raised from 98 fund investors. Its fund investors consist primarily of institutional investors including renowned multinational corporations and financial institutions, government guiding funds, and high-net-worth individuals.
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As of March 31, 2023, the Group had cumulatively invested in a total of 222 portfolio companies, which included 180 companies in the consumer sectors covering food & beverage, clothing, healthcare and others, and 42 companies in other industries such as biotech and technology industries. In particular, its investments include early and late stage investments in a large number of successful consumer brands and companies, such as Zhou Hei Ya, China Feihe, Nayuki, Xiaohongshu, CYYS, ATRenew and Pagoda.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Other Financials |
| Major Business Area | China |
| Board Lot | 400 |
GLOBAL OFFERING
| No. of Offer Shares | 173.26M H shares |
| No. of International Offer Shares | 168.71M H shares |
| No. of HK Offer Shares | 4.55M H shares |
| Offer Price | $5.80 - $11.40 |
| Stock Code | 1973 |
| Sponsor(s) | Huatai Financial Holdings (Hong Kong) Limited, BOCI Asia Limited |
| Underwriter(s) | Huatai Financial Holdings (Hong Kong) Limited, BOCI Asia Limited, Zhongtai International Securities Limited, CMB International Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited, ICBC International Securities Limited, China Industrial Securities International Capital Limited, Essence International Securities (Hong Kong) Limited, CCB International Capital Limited, BOCOM International Securities Limited, ABCI Securities Company Limited, Guodu Securities (Hong Kong) Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Livermore Holdings Limited, Valuable Capital Limited |
TIME TABLE
| Application Period | Sep 25 (Mon) - noon, Sep 28 (Thu) |
| Price Determination Date | Sep 28 (Thu) |
| Result Announcement Date | On or before Oct 05 (Thu) |
| Result Announcement Date | On or before Oct 05 (Thu) |
| Result Announcement Date | On or before Oct 05 (Thu) |
| Dealings in Shares commence on | Oct 06, 2023. (Fri) |
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 | $5.80 - $11.40 |
| Capitalization | 4.02B - 7.90B |
| NAV / share ($) | $12.59 - $13.94 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 8.60, the net proceeds raised would be HKD 1.58B, of which |
| 65% : Further expanding private equity fund management business |
| 25% : Further developing and strengthening direct investment business |
| 10% : General corporate purposes |
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).