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IPO Detail
01334 瑞昌國際控股
RUICHANG INTL
Listing Date2024/07/10
Listing Price1.050
 
Quote
  • 0.900 -0.010 (-1.099%)    Sink Below Listing Price
  • 15-min delayed, last update: 01/11/2024 18:00
Subscription Result
  • Subscription Rate
    19.24x
  • Guarantee One Lot Size
    20 lot
  • One Lot Success Rate
    20.01%
COMPANY PROFILE

Ruichang International Holdings Limited is a petroleum refinery and petrochemical equipment manufacturer based in Henan Province, the PRC. The Group’s products are divided into four product categories, namely sulphur recovery unit and volatile organic compounds incineration equipment; catalytic cracking equipment; process burners; and heat exchangers, including their related parts and components, to its downstream customers in the PRC.

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The Group has accounted for approximately 0.08% market share in the overall petroleum refinery and petrochemical equipment industry in the PRC in terms of total revenue in 2023. It was the third largest catalytic cracking equipment manufacturer for petroleum refinery and petrochemical operations in the PRC with a market share of approximately 7.6% and also the second largest SRU and VOCs incineration equipment manufacturers in petroleum refinery and petrochemical operation in the PRC with a market share of approximately 3.4% in terms of revenue in 2023.

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The Group owned two production facilities in Luoyang city, Henan province, the PRC, with a total gross floor area of approximately 20,807.4 sq.m., one of which is responsible for the production of SRU and VOCs incineration equipment and catalytic cracking equipment, and the other one is responsible for the production of process burners and heat exchangers. Its customers mainly comprised market participants in the petroleum refinery and petrochemical industries in the PRC.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureOil & Gas
Major Business AreaChina
Board Lot2500
GLOBAL OFFERING
No. of Offer Shares125.00M shares
No. of International Offer Shares109.33M shares
No. of HK Offer Shares15.68M shares
Offer Price$1.05 - $1.39
Stock Code1334
Sponsor(s)First Shanghai Capital Limited
Underwriter(s)First Shanghai Securities Limited, Victory Securities Company Limited, CLSA Limited, Shenwan Hongyuan Securities (H.K.) Limited, Central China International Capital Limited, China Merchants Securities (HK) Co., Limited, China Everbright Securities (HK) Limited, Shanxi Securities International Limited, Essence International Securities (Hong Kong) Limited, Livermore Holdings Limited, Tiger Brokers (HK) Global Limited, Fortune (HK) Securities Limited, CCB International Capital Limited, Zhongtai International Securities Limited, Goldlink Securities Limited, TradeGo Markets Limited, Fosun International Securities Limited, CMBC Securities Company Limited, Futu Securities International (Hong Kong) Limited, SPDB International Capital Limited
TIME TABLE
Application PeriodJun 28 (Fri) - noon, Jul 05 (Fri)
Price Determination DateJul 08 (Mon)
Result Announcement DateOn or before Jul 09 (Tue)
Result Announcement DateOn or before Jul 09 (Tue)
Result Announcement DateOn or before Jul 10 (Wed)
Dealings in Shares commence onJul 10, 2024. (Wed)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$1.05 - $1.39
Capitalization525.00M - 695.00M
NAV / share ($)$0.83 - $0.91 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 1.22, the net proceeds raised would be HKD 82.90M, of which
73% : Partially finance the construction of the New Production Facility to increase production capacity and capabilities
17.5% : Further strengthen design and research and development capabilities
9.5% : 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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