IPO Timeline
Broker Deadline
2024-12-05
Morning deadline
HKEX Deadline
2024-12-05
Noon deadline
Broker Results (T-2)
2024-12-06
Some brokers release in afternoon
Grey Market (T-1)
2024-12-09
Afternoon
HKEX Allotment (T-1)
2024-12-09
Evening
Registrar Allotment (T-1)
2024-12-09
Evening
Listing Day (T)
2024-12-10
First day of trading
Company Overview
| Stock Name | 毛戈平 |
|---|---|
| Stock Code | 01318 |
| Company Full Name | 毛戈平 |
| Industry | 個人護理 |
| Principal Activities | 公司是領先的中國高端美妝集團。 |
| Listing Date | 2024-12-10 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國浙江省杭州市上城區萬銀大廈1001室 |
| 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.maogeping.com/ |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2862 8628 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 29.80 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | To be extracted |
| Offer Period | To be extracted |
| 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 | 33.3% |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 1,168,508,660 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 2,980 |
| 2 lots | 200 | HK$ 5,960 |
| 3 lots | 300 | HK$ 8,940 |
| 4 lots | 400 | HK$ 11,920 |
| 5 lots | 500 | HK$ 14,900 |
| 6 lots | 600 | HK$ 17,880 |
| 7 lots | 700 | HK$ 20,860 |
| 8 lots | 800 | HK$ 23,840 |
| 9 lots | 900 | HK$ 26,820 |
| 10 lots | 1,000 | HK$ 29,800 |
| 15 lots | 1,500 | HK$ 44,700 |
| 20 lots | 2,000 | HK$ 59,600 |
| 25 lots | 2,500 | HK$ 74,500 |
| 30 lots | 3,000 | HK$ 89,400 |
| 35 lots | 3,500 | HK$ 104,300 |
| 40 lots | 4,000 | HK$ 119,200 |
| 45 lots | 4,500 | HK$ 134,100 |
| 50 lots | 5,000 | HK$ 149,000 |
| 60 lots | 6,000 | HK$ 178,800 |
| 70 lots | 7,000 | HK$ 208,600 |
| 80 lots | 8,000 | HK$ 238,400 |
| 90 lots | 9,000 | HK$ 268,200 |
| 100 lots | 10,000 | HK$ 298,000 |
| 200 lots | 20,000 | HK$ 596,000 |
| 300 lots | 30,000 | HK$ 894,000 |
| 400 lots | 40,000 | HK$ 1,192,000 |
| 500 lots | 50,000 | HK$ 1,490,000 |
| 600 lots | 60,000 | HK$ 1,788,000 |
| 700 lots | 70,000 | HK$ 2,086,000 |
| 800 lots | 80,000 | HK$ 2,384,000 |
| 900 lots | 90,000 | HK$ 2,682,000 |
| 1,000 lots | 100,000 | HK$ 2,980,000 |
| 1,500 lots | 150,000 | HK$ 4,470,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 200,000 | HK$ 5,960,000 |
| 2,500 lots | 250,000 | HK$ 7,450,000 |
| 5,000 lots | 500,000 | HK$ 14,900,000 |
| 7,500 lots | 750,000 | HK$ 22,350,000 |
| 10,000 lots | 1,000,000 | HK$ 29,800,000 |
| 20,000 lots | 2,000,000 | HK$ 59,600,000 |
| 35,294 lots | 3,529,400 | HK$ 105,176,120 |
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$ 52.6 |
|---|---|
| First Day Open | HK$ 47.65 |
| First Day Change | 76.51% |
| First Day Volume | 83646300.0 |
| First Day Turnover | 4111230000.0 |
Use of Proceeds
| Use of Proceeds | 1、約25.0%或461.1百萬港元預期將用于擴大銷售網絡； 2、約20.0%或369.0百萬港元預期將用于品牌建設活動； 3、約15.0%或276.6百萬港元預期將用于海外擴張及收購； 4、約10.0%或184.5百萬港元預期將用于加強生產及供應鏈能力，包括建設及擴建生產設施及供應鏈； 5、約9.0%或166.0百萬港元預期將用于增強產品設計及開發能力； 6、約6.0%或110.6百萬港元預期將用于化妝藝術培訓機構； 7、約5.0%或92.2百萬港元預期將用于運營及信息基礎設施數字化； 8、約10.0%或184.5百萬港元預期將用作營運資金及一般公司用途。 |
|---|
Underwriting Syndicate
Sole Sponsor (1)
中国国际金融香港证券有限公司 CE AEN894(sole)
Overall Coordinators (1)
中国国际金融香港证券有限公司 CE AEN894(sole)
Joint Global Coordinators (5)
中国国际金融香港证券有限公司 CE AEN894
中国银河国际证券（香港）有限公司 CE AXM459
华泰金融控股（香港）有限公司 CE AOK809
国泰君安证券（香港）有限公司 CE ABY236
建银国际金融有限公司 CE AJO225
Joint Bookrunners (7)
中国国际金融香港证券有限公司 CE AEN894
中国银河国际证券（香港）有限公司 CE AXM459
华泰金融控股（香港）有限公司 CE AOK809
国泰君安证券（香港）有限公司 CE ABY236
建银国际金融有限公司 CE AJO225
农银国际融资有限公司 CE AWL249
民银证券有限公司 CE APU820
Joint Lead Managers (8)
中国国际金融香港证券有限公司 CE AEN894
中国银河国际证券（香港）有限公司 CE AXM459
华泰金融控股（香港）有限公司 CE AOK809
国泰君安证券（香港）有限公司 CE ABY236
建银国际金融有限公司 CE AJO225
老虎证券（香港）环球有限公司 CE BMU940
富途证券国际（香港）有限公司 CE AZT137
利弗莫尔证券有限公司 CE BJN764
Capital Market Intermediaries (11)
中国国际金融香港证券有限公司 CE AEN894
中国银河国际证券（香港）有限公司 CE AXM459
华泰金融控股（香港）有限公司 CE AOK809
国泰君安证券（香港）有限公司 CE ABY236
建银国际金融有限公司 CE AJO225
农银国际融资有限公司 CE AWL249
农银国际证券有限公司 CE ACX411
民银证券有限公司 CE APU820
老虎证券（香港）环球有限公司 CE BMU940
富途证券国际（香港）有限公司 CE AZT137
利弗莫尔证券有限公司 CE BJN764
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
高伟绅律师行 竞天公诚律师事务所 |
| Legal Advisor to Sponsors/Underwriters |
普衡律师事务所 天元律师事务所 |
| Auditor and Reporting Accountant | 安永会计师事务所 |
| Industry Advisor | 弗若斯特沙利文（北京）咨询有限公司上海分公司 |
| Receiving Banks | 中国银行（香港）有限公司 |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Brilliant Partners Fund LP及China Core Fund | 77,825,680 HKD | — | 3.33% | — | 6 months | 2025-06-10 |
| 2 | CPE Investment XV Limited | 272,389,880 HKD | — | 11.66% | — | 6 months | 2025-06-10 |
| 3 | Mega Prime Development Limited | 77,825,680 HKD | — | 3.33% | — | 6 months | 2025-06-10 |
| 4 | Seraphim Advantage Inc. | 116,738,520 HKD | — | 5.00% | — | 6 months | 2025-06-10 |
| 5 | 常春藤资产管理(香港)有限公司 | 77,825,680 HKD | — | 3.33% | — | 6 months | 2025-06-10 |
| 6 | 正心谷资本 | 155,651,360 HKD | — | 6.66% | — | 6 months | 2025-06-10 |
Directors & Management
| Chairman | 毛戈平 |
|---|---|
| Company Secretary | 董樂勤,張瀟 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 毛戈平(37.09%),毛霓萍(9.64%),汪立群(9.64%),毛慧萍(8.16%),汪立華(5.19%) |
|---|
AI
AI Analysis
Market Sentiment
The IPO for 毛戈平 (01318) garnered extreme oversubscription of 919.18 times, signaling fierce retail demand. Remarkably, the overall hit rate was 100%, meaning every valid application received at least one lot, a rare outcome for such heavy subscription. This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.
Tier Analysis
A stark tier anomaly is evident: applicants at 甲尾 (A-pool tail) were allocated 1 lot on average, while those at 乙头 (B-pool head) received merely 0.0057 expected lots, an almost total cliff. This renders B-pool entries highly inefficient for obtaining shares, especially after factoring fixed broker fees. This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Broker fee structures vary and actual costs may differ.
Demographics
No demographic data is available for this IPO, including mainland China participation, gender, or regional distribution. Consequently, no patterns can be identified regarding the applicant base. This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Data may contain errors or omissions — verify against official HKEX filings.
Subscription Tiers
IPO Timeline
