小菜园 00999 Prospectus Information

IPO Timeline

Broker Deadline

2024-12-17

Morning deadline

HKEX Deadline

2024-12-17

Noon deadline

Broker Results (T-2)

2024-12-18

Some brokers release in afternoon

Grey Market (T-1)

2024-12-19

Afternoon

HKEX Allotment (T-1)

2024-12-19

Evening

Registrar Allotment (T-1)

2024-12-19

Evening

Listing Day (T)

2024-12-20

First day of trading

Company Overview

Stock Name	小菜园
Stock Code	00999
Company Full Name	小菜园
Industry	餐飲娛樂
Principal Activities	公司是快速發展的大眾便民中式餐飲領導者，以業務規模和增長率計均居于業內頂級行列。
Listing Date	2024-12-20
Listing Rules Era	Old Rules
Listing Rules Chapter	To be extracted
Weighted Voting Rights (WVR)	No
Registered Address (Mainland China)	中國安徽省銅陵市銅官區北斗星城2-B4、B5棟803號
Business Address (Hong Kong)	To be extracted
Place of Incorporation	To be extracted
Listing Method	To be extracted
Listing Board	Main Board
Website	https://www.xiaocaiyuan.com/
Share Registrar	卓佳证券登记有限公司 (Tricor Investor Services Limited)
Registrar Contact	(852)2980 1333
A-Share/US Dual Listing	No

Offering Information

Offering Mechanism	To be extracted
Offer Price	HK$ 8.50 / shares
Offer Price Range	To be extracted
Lot Size	To be extracted
Entry Threshold	To be extracted
Par Value	To be extracted
Offer Period	2024-12-12 to 2024-12-17
Global Offering Shares	To be extracted
HK Public Offer Shares (Initial)	To be extracted
Public Offer Lots (Initial)	To be extracted
International Placing Shares (Initial)	To be extracted
Offer Ratio	To be extracted
Total Shares Post-IPO	To be extracted
Greenshoe (Over-allotment Option)	No
Stabilizing Manager (Greenshoe)	—
Cornerstone Share	0%
Clawback Tiers	To be extracted
Reallocation Option	No
Total Global Offering Size	HK$ 86,006,400

Subscription Tiers

Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.

Pool A

Lots Subscribed	Shares Subscribed	Subscription Amount (HKD)
1 lots	800	HK$ 6,800
2 lots	1,600	HK$ 13,600
3 lots	2,400	HK$ 20,400
4 lots	3,200	HK$ 27,200
5 lots	4,000	HK$ 34,000
6 lots	4,800	HK$ 40,800
7 lots	5,600	HK$ 47,600
8 lots	6,400	HK$ 54,400
9 lots	7,200	HK$ 61,200
10 lots	8,000	HK$ 68,000
15 lots	12,000	HK$ 102,000
20 lots	16,000	HK$ 136,000
25 lots	20,000	HK$ 170,000
30 lots	24,000	HK$ 204,000
35 lots	28,000	HK$ 238,000
40 lots	32,000	HK$ 272,000
45 lots	36,000	HK$ 306,000
50 lots	40,000	HK$ 340,000
75 lots	60,000	HK$ 510,000
100 lots	80,000	HK$ 680,000
125 lots	100,000	HK$ 850,000
150 lots	120,000	HK$ 1,020,000
175 lots	140,000	HK$ 1,190,000
250 lots	200,000	HK$ 1,700,000
375 lots	300,000	HK$ 2,550,000

Pool B

Lots Subscribed	Shares Subscribed	Subscription Amount (HKD)
750 lots	600,000	HK$ 5,100,000
1,000 lots	800,000	HK$ 6,800,000
1,125 lots	900,000	HK$ 7,650,000
3,750 lots	3,000,000	HK$ 25,500,000

Valuation & Financials

Market Cap (at Offer Price)	To be extracted
Pre-IPO Valuation (Last Round)	To be extracted
P/E Ratio	To be extracted
Profit/Loss Status	To be extracted
Period-End Cash Balance	To be extracted
Listing Expenses	To be extracted
Listing Expenses / Funds Raised	To be extracted
Total Pre-IPO Investment	To be extracted

First Day Performance

First Day Close	HK$ 9.66
First Day Open	HK$ 9.0
First Day Change	13.65%
First Day Volume	7799610.0
First Day Turnover	68726500.0

Use of Proceeds

Use of Proceeds	1、約40.0%或313.6百萬港元預計將用作持續擴大門店網絡，以擴大地理覆蓋范圍并提高市場滲透率； 2、約37.0%或290.1百萬港元預計將用作增強供應鏈能力； 3、約13.0%或101.9百萬港元預計將用作升級智能設備及數字化系統以提高信息技術能力； 4、約10.0%或78.4百萬港元預計將用作營運資金及一般企業用途。

Underwriting Syndicate

Joint Sponsors (2)

华泰金融控股（香港）有限公司 CE AOK809 UBS Securities Hong Kong Limited CE BIN466

Overall Coordinators (3)

华泰金融控股（香港）有限公司 CE AOK809 UBS Securities Hong Kong Limited CE BIN466 GUOYUAN SECURITIES BROKERAGE (HONG KONG) LIMITED CE AOA594

Joint Bookrunners (6)

华泰金融控股（香港）有限公司 CE AOK809 UBS Securities Hong Kong Limited CE BIN466 GUOYUAN SECURITIES BROKERAGE (HONG KONG) LIMITED CE AOA594 招银国际融资有限公司 CE AVM940 农银国际证券有限公司 CE ACX411 工银国际证券有限公司 CE ARO299

Joint Lead Managers (8)

Cornerstone Investors

This stock has no cornerstone investors.

Directors & Management

Chairman	汪書高
Company Secretary	佘明珠;區泳嫻

No director data available.

Major Shareholders

Major Shareholders & Holdings	XCY Yongqing Limited(36.52%),XCY XuyuanLimited(23.41%),XCY Future Limited(10.35%),Harvest Delicacy(6.40%),XCY Zhiyuan Limited(5.93%)

AI AI Analysis

Market Sentiment

The market response was mild with an oversubscription ratio of only 1.44x, indicating lukewarm retail enthusiasm. The 100% hit rate meant every valid application was accepted, signaling ample supply and no competitive pressure. The final price of HK$8.50 reflects a cautious pricing environment. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

Both 甲尾 (last A-tier) at HK$300,000 and 乙头 (first B-tier) at HK$600,000 expected just 1 lot each, revealing extreme inefficiency as large commitments yielded minimal allocation. This suggests a very small public tranche proportion, making the broker fee burden disproportionately high for bigger applicants. The even distribution across tiers dampens any incentive for sizeable subscriptions. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Mainland China participants made up 77.2% of successful applicants, possibly indicating targeted cross-border marketing or influencer-driven interest. Men dominated at 68.8%, with an average age of 42.1, mirroring typical Hong Kong retail demographics. While no regional detail was provided, the high mainland share often points to Guangdong-based activity. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Subscription Tiers

IPO Timeline

小菜园 00999Prospectus Information

Market Sentiment

Tier Analysis

Demographics