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IPO Detail
01497 燕之屋
YAN PALACE
Listing Date2023/12/12
Listing Price9.700
 
Quote
  • 8.690 +0.260 (+3.084%)    Sink Below Listing Price
  • 15-min delayed, last update: 24/05/2024 17:59
Subscription Result
  • Subscription Rate
    83.63x
  • Guarantee One Lot Size
    25 lot
  • One Lot Success Rate
    6.02%
COMPANY PROFILE

Xiamen Yan Palace Bird’s Nest Industry Co. is dedicated to the development, production and marketing of high-quality modern EBN products. The Group is the largest EBN product company in the traceable EBN market in China with a market share of 14% in terms of retail value in 2022.

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Its product portfolio primarily consists of three product categories, i.e., pure EBN products, “EBN ” products and “ EBN” products. In 2022, it had 250 SKUs, among which 194 were pure EBN SKUs under four major product series, including One Nest , Freshly Stewed Bird’s Nest, Crystal Sugar Bird’s Nest, and dried EBN.

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As of May 31, 2023, the Group had a nationwide offline sales network consisting of 91 self-operated stores and 214 offline distributors covering 614 distributor operated stores in China. It had 23 self-operated online stores and 13 distributor-operated online stores on mainstream e-commerce or social media platforms such as JD.com, Tmall and Douyin.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureFood & Beverages
Major Business AreaChina
Board Lot400
GLOBAL OFFERING
No. of Offer Shares32.00M H shares
No. of International Offer Shares19.20M H shares
No. of HK Offer Shares12.80M H shares
Offer Price$8.80 - $11.00
Stock Code1497
Sponsor(s)GF Capital (Hong Kong) Limited, China International Capital Corporation Hong Kong Securities Limited
Underwriter(s)China International Capital Corporation Hong Kong Securities Limited, GF Securities (Hong Kong) Brokerage Limited, Citigroup Global Markets Asia Limited, Valuable Capital Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited
TIME TABLE
Application PeriodNov 30 (Thu) - noon, Dec 07 (Thu)
Price Determination DateDec 08 (Fri)
Result Announcement DateOn or before Dec 11 (Mon)
Result Announcement DateOn or before Dec 11 (Mon)
Result Announcement DateOn or before Dec 12 (Tue)
Dealings in Shares commence onDec 12, 2023. (Tue)
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$8.80 - $11.00
Capitalization4.10B - 5.12B
NAV / share ($)$1.26 - $1.41 ()
Use Of Proceeds
Assuming the offer price being at HKD 9.90, the net proceeds raised would be HKD 262.60M, of which
10% : Use for research and development activities
25% : Expanding and consolidating its sales network
15% : Strengthening brand building and marketing promotion efforts
35% : Strengthening supply chain management capabilities
5% : Strengthening digital infrastructure
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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