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IPO Detail
00054 和美藥業-B
HEMAY PHARMA-B
Listing Date2026/11/09    Suspended
Listing Price--
COMPANY PROFILE

Ganzhou Hemay Pharmaceutical Co., Ltd. is a biopharmaceutical company dedicated to the discovery and development of self-discovered and self-developed small-molecule drugs for autoimmune diseases and oncology.

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The Group has one Core Product, Mufemilast, and five small molecule drug candidates. In September 2025, Mufemilast received NDA approval in China for the treatment of moderate to severe plaque psoriasis (Ps). It commenced commercial sales in July 2026

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The Group has entered into research collaborations with both the Zhuang Entities and Nankai University (an Independent Third Party). Throughout this cooperation, the Group retained sole, independent and effective control over all aspects of the research and development of Mufemilast.

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The Group has obtained patents and filed patent applications in China, the United States and other countries, relating to its approved product and certain drug candidates, and is pursuing additional patent protection for them and for its other drug candidates and technologies.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureHealth Care
Major Business AreaChina
Board Lot100
GLOBAL OFFERING
No. of Offer Shares55.21M H shares
No. of International Offer Shares49.69M H shares
No. of HK Offer Shares5.52M H shares
Offer Price$15.50 - $18.90
Stock Code54
Sponsor(s)SDIC Securities (Hong Kong) Limited
Underwriter(s)SDIC Securities (Hong Kong) Limited, SPDB International Capital Limited, ABCI Securities Company Limited, BOCOM International Securities Limited, CCB International Capital Limited, China Industrial Securities International Capital Limited, CMB International Capital Limited, Guosen Securities (HK) Brokerage Company, Limited, uSmart Securities Limited, Patrons Securities Limited
TIME TABLE
Application PeriodOct 30 (Fri) - noon, Nov 04 (Wed)
Price Determination DateNov 05 (Thu)
Result Announcement DateOn or before Nov 06 (Fri)
Result Announcement DateOn or before Nov 06 (Fri)
Result Announcement DateOn or before Nov 09 (Mon)
Dealings in Shares commence onNov 09, 2026. (Mon)
Reallocation of Shares Offered
Sales Statistics (HKD)
Offer Price$15.50 - $18.90
Capitalization7.01B - 8.54B
NAV / share ($)$2.13 - $2.53 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 17.3, the net proceeds raised would be HKD 879.30M, of which
55.5% : Development and commercialization of Core Product, Mufemilast
4.5% : Research and development of key product, Hemay022, for late-stage breast cancer
20% : Ongoing and planned clinical trials of key product, Hemay181
10% : Research and development of other pipeline products
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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