| Stock Name | 德康农牧 |
|---|---|
| Stock Code | 02419 |
| Company Full Name | 德康农牧 |
| Industry | 農業產品 |
| Principal Activities | 公司是中國高速增長的畜禽養殖企業，專注于生豬及黃羽肉雞的育種及養殖。 |
| Listing Date | 2023-12-06 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國四川省成都市雙流區臨港路32號成都東航中心2號樓9層901-909單元 |
| Business Address (Hong Kong) | To be extracted |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | http://www.dekanggroup.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 data |
| Offering Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 36.95 / 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) | To be confirmed |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 39.2% |
| Clawback Tiers | To be extracted |
| Reallocation Option | To be confirmed |
| Total Global Offering Size | HK$ 99,439,840 |
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 500 | HK$ 0 |
| 1 lots | 600 | HK$ 0 |
| 1 lots | 700 | HK$ 0 |
| 1 lots | 800 | HK$ 0 |
| 1 lots | 900 | HK$ 0 |
| 2 lots | 1,000 | HK$ 0 |
| 3 lots | 1,500 | HK$ 0 |
| 4 lots | 2,000 | HK$ 0 |
| 5 lots | 2,500 | HK$ 0 |
| 6 lots | 3,000 | HK$ 0 |
| 7 lots | 3,500 | HK$ 0 |
| 8 lots | 4,000 | HK$ 0 |
| 9 lots | 4,500 | HK$ 0 |
| 10 lots | 5,000 | HK$ 0 |
| 12 lots | 6,000 | HK$ 0 |
| 14 lots | 7,000 | HK$ 0 |
| 16 lots | 8,000 | HK$ 0 |
| 18 lots | 9,000 | HK$ 0 |
| 20 lots | 10,000 | HK$ 0 |
| 40 lots | 20,000 | HK$ 0 |
| 60 lots | 30,000 | HK$ 0 |
| 80 lots | 40,000 | HK$ 0 |
| 100 lots | 50,000 | HK$ 0 |
| 160 lots | 80,000 | HK$ 0 |
| 180 lots | 90,000 | HK$ 0 |
| 200 lots | 100,000 | HK$ 0 |
| 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 Close | HK$ 37.5 |
|---|---|
| First Day Open | HK$ 36.95 |
| First Day Change | 1.49% |
| First Day Volume | 1029500.0 |
| First Day Turnover | 38191600.0 |
| Use of Proceeds | 1、約50.0%，或約394.0百萬港元（人民幣362.4百萬元）將在未來三年用于拓展現有生豬和黃羽肉雞養殖業務； 2、約15.0%，或約118.2百萬港元（人民幣108.7百萬元）將在未來兩年用于發展我們的食品加工業務； 3、約10.0%，或約78.8百萬港元（人民幣72.5百萬元）將在未來三年用于研發投入及信息科技系統； 4、約10.0%，或約78.8百萬港元（人民幣72.5百萬元）將用于戰略投資或潛在收購； 5、約5.0%，或約39.4百萬港元（人民幣36.2百萬元）將用于償還利率介乎3.2%至4.15%的若干未償還銀行貸款； 6、約10.0%，或約78.8百萬港元（人民幣72.5百萬元）計劃用作營運資金及一般企業用途。 |
|---|
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 贵阳市农业农垦投资发展集团有限公司 | 155,947,475 HKD | — | 15.68% | — | 6 months | 2024-06-06 |
| 2 | 渠县汇兴产投实业有限公司 | 77,960,805 HKD | — | 7.84% | — | 6 months | 2024-06-06 |
| 3 | 秀山县欣之园市场管理股份有限公司 | 156,058,325 HKD | — | 15.69% | — | 6 months | 2024-06-06 |
| Chairman | 王德根 |
|---|---|
| Company Secretary | 曾民;李健威 |
| Major Shareholders & Holdings | 四川德盛榮和實業集團有限公司(33.70%);陳育新(11.49%);上海光控麥鳴投資中心(有限合伙)(9.66%) |
|---|
Market Sentiment
The IPO of 德康农牧 (02419) saw a modest oversubscription ratio of 1.88x, indicating relatively muted market enthusiasm. All 1,894 valid applications were accepted, yielding a 100% hit rate, which suggests that demand was easily satisfied and the offer likely priced within expectations. The lack of notable price tension implies a subdued retail interest. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A tail applicant applied for 10,000 shares (20 lots) and received only 1 lot, while B head applied for 20,000 shares (40 lots) and also received just 1 lot, highlighting a clear inefficiency at the marginal tier boundary. This identical allocation for double the capital outlay and higher broker fees makes the A tail slightly more cost-effective, though the difference is marginal given the low overall oversubscription. (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
Demographic data is not available for this IPO, with total holders, mainland participation, and HK participation all reported as zero, likely due to data gaps. Without this information, no regional or demographic trends can be inferred. (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.)
