IPO Timeline
Broker Deadline
2024-10-18
Morning deadline
HKEX Deadline
2024-10-18
Noon deadline
Broker Results (T-2)
2024-10-21
Some brokers release in afternoon
Grey Market (T-1)
2024-10-22
Afternoon
HKEX Allotment (T-1)
2024-10-22
Evening
Registrar Allotment (T-1)
2024-10-22
Evening
Listing Day (T)
2024-10-23
First day of trading
Company Overview
| Stock Name | 华润饮料 |
|---|---|
| Stock Code | 02460 |
| Company Full Name | 华润饮料 |
| Industry | 食品飲料 |
| Principal Activities | 公司是中國包裝飲用水行業的開創者、中國即飲軟飲行業的領先公司，是九十年代初國內較早推出專業化生產包裝飲用水的企業之一，主營“怡寶”牌系列包裝飲用水。 |
| Listing Date | 2024-10-23 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國廣東省深圳市南山區朗山路22號深圳高新技術產業園區北區 |
| 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.crbeverage.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$ 14.50 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | To be extracted |
| Offer Period | 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 | 47.7% |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 2,017,393,700 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 200 | HK$ 2,900 |
| 2 lots | 400 | HK$ 5,800 |
| 3 lots | 600 | HK$ 8,700 |
| 4 lots | 800 | HK$ 11,600 |
| 5 lots | 1,000 | HK$ 14,500 |
| 6 lots | 1,200 | HK$ 17,400 |
| 7 lots | 1,400 | HK$ 20,300 |
| 8 lots | 1,600 | HK$ 23,200 |
| 9 lots | 1,800 | HK$ 26,100 |
| 10 lots | 2,000 | HK$ 29,000 |
| 15 lots | 3,000 | HK$ 43,500 |
| 20 lots | 4,000 | HK$ 58,000 |
| 25 lots | 5,000 | HK$ 72,500 |
| 30 lots | 6,000 | HK$ 87,000 |
| 35 lots | 7,000 | HK$ 101,500 |
| 40 lots | 8,000 | HK$ 116,000 |
| 45 lots | 9,000 | HK$ 130,500 |
| 50 lots | 10,000 | HK$ 145,000 |
| 100 lots | 20,000 | HK$ 290,000 |
| 150 lots | 30,000 | HK$ 435,000 |
| 200 lots | 40,000 | HK$ 580,000 |
| 250 lots | 50,000 | HK$ 725,000 |
| 300 lots | 60,000 | HK$ 870,000 |
| 350 lots | 70,000 | HK$ 1,015,000 |
| 400 lots | 80,000 | HK$ 1,160,000 |
| 450 lots | 90,000 | HK$ 1,305,000 |
| 500 lots | 100,000 | HK$ 1,450,000 |
| 1,000 lots | 200,000 | HK$ 2,900,000 |
| 1,500 lots | 300,000 | HK$ 4,350,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 400,000 | HK$ 5,800,000 |
| 2,500 lots | 500,000 | HK$ 7,250,000 |
| 3,000 lots | 600,000 | HK$ 8,700,000 |
| 3,500 lots | 700,000 | HK$ 10,150,000 |
| 4,000 lots | 800,000 | HK$ 11,600,000 |
| 4,500 lots | 900,000 | HK$ 13,050,000 |
| 5,000 lots | 1,000,000 | HK$ 14,500,000 |
| 10,000 lots | 2,000,000 | HK$ 29,000,000 |
| 15,000 lots | 3,000,000 | HK$ 43,500,000 |
| 20,000 lots | 4,000,000 | HK$ 58,000,000 |
| 25,000 lots | 5,000,000 | HK$ 72,500,000 |
| 30,000 lots | 6,000,000 | HK$ 87,000,000 |
| 35,000 lots | 7,000,000 | HK$ 101,500,000 |
| 40,000 lots | 8,000,000 | HK$ 116,000,000 |
| 45,000 lots | 9,000,000 | HK$ 130,500,000 |
| 50,000 lots | 10,000,000 | HK$ 145,000,000 |
| 60,000 lots | 12,000,000 | HK$ 174,000,000 |
| 70,000 lots | 14,000,000 | HK$ 203,000,000 |
| 80,000 lots | 16,000,000 | HK$ 232,000,000 |
| 95,652 lots | 19,130,400 | HK$ 277,390,800 |
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$ 16.68 |
|---|---|
| First Day Open | HK$ 16.46 |
| First Day Change | 15.03% |
| First Day Volume | 160093000.0 |
| First Day Turnover | 2592560000.0 |
Use of Proceeds
| Use of Proceeds | 1、于未來三至五年內，所得款項凈額的約30%，即1,417.9百萬港元，用于戰略性擴張和優化產能，以提高整體供應鏈效率； 2、于未來三至五年內，所得款項凈額的約23%，即1,087.1百萬港元，用于加速銷售渠道擴張及提升渠道效率； 3、于未來二至三年內，所得款項凈額的約23%，即1,087.1百萬港元，用于進行銷售和營銷活動，增強品牌活力，強化品牌形象，提升銷售表現； 4、于未來三至五年內，所得款項凈額的約3%，即141.8百萬港元，用于增強產品研發能力，以持續拓展新的產品品類和SKU； 5、于未來三至五年內，所得款項凈額的約3%，即141.8百萬港元，用于數字化升級； 6、所得款項凈額的約8%，即378.1百萬港元，用于進行潛在投資及并購機會； 7、所得款項凈額的約10%，即472.6百萬港元，作為營運資金及作一般公司用途。 |
|---|
Underwriting Syndicate
Joint Sponsors (4)
UBS Securities Hong Kong Limited CE BIN466
中银国际亚洲有限公司 CE AET863
中信证券（香港）有限公司 CE AAK249
Merrill Lynch (Asia Pacific) Limited CE AAC198
Overall Coordinators (6)
UBS Securities Hong Kong Limited CE BIN466
中银国际亚洲有限公司 CE AET863
中信里昂证券有限公司 CE AAB893
Merrill Lynch (Asia Pacific) Limited CE AAC198
中国国际金融香港证券有限公司 CE AEN894
招银国际融资有限公司 CE AVM940
Joint Bookrunners (10)
UBS Securities Hong Kong Limited CE BIN466
中银国际亚洲有限公司 CE AET863
中信里昂证券有限公司 CE AAB893
Merrill Lynch (Asia Pacific) Limited CE AAC198
中国国际金融香港证券有限公司 CE AEN894
招银国际融资有限公司 CE AVM940
香港上海汇丰银行有限公司
华泰金融控股（香港）有限公司 CE AOK809
农银国际证券有限公司 CE ACX411
建银国际金融有限公司 CE AJO225
Joint Lead Managers (10)
UBS Securities Hong Kong Limited CE BIN466
中银国际亚洲有限公司 CE AET863
中信里昂证券有限公司 CE AAB893
Merrill Lynch (Asia Pacific) Limited CE AAC198
中国国际金融香港证券有限公司 CE AEN894
招银国际融资有限公司 CE AVM940
香港上海汇丰银行有限公司
华泰金融控股（香港）有限公司 CE AOK809
农银国际证券有限公司 CE ACX411
建银国际金融有限公司 CE AJO225
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Athos Capital Limited | 77,641,700 HKD | — | 1.54% | — | 6 months | 2025-04-23 |
| 2 | Ghisallo Master Fund LP | 77,641,700 HKD | — | 1.54% | — | 6 months | 2025-04-23 |
| 3 | Oaktree Funds | 232,925,100 HKD | — | 4.62% | — | 6 months | 2025-04-23 |
| 4 | Pamalican Fund Ltd | 77,641,700 HKD | — | 1.54% | — | 6 months | 2025-04-23 |
| 5 | PT Indadi Juver | 77,641,700 HKD | — | 1.54% | — | 6 months | 2025-04-23 |
| 6 | UBS Asset Management (Singapore) Ltd. | 854,061,600 HKD | — | 16.93% | — | 6 months | 2025-04-23 |
| 7 | Wildlife Willow Limited | 232,925,100 HKD | — | 4.62% | — | 6 months | 2025-04-23 |
| 8 | 香港中旅(集团)有限公司 | 543,491,900 HKD | — | 10.78% | — | 6 months | 2025-04-23 |
| 9 | 中邮人寿保险股份有限公司 | 232,925,100 HKD | — | 4.62% | — | 6 months | 2025-04-23 |
Directors & Management
| Chairman | 高立 |
|---|---|
| Company Secretary | 鐘明輝 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 華潤集團(飲料)有限公司(51.11%),Plateau Consumer Limited(34.07%) |
|---|
AI
AI Analysis
Market Sentiment
华润饮料 IPO saw an oversubscription ratio of 234.49x, signaling strong market enthusiasm. The overall hit rate of 82.49% was notably high for such demand, indicating generous allotments possibly aided by reallocation from the international tranche. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
The near-identical expected lots of 1.0 at both 甲尾 and 乙头 tiers, despite differing applied amounts (300,000 vs 400,000 shares), created an unusual boundary inefficiency. Applicants at the top of A-tier saw no allocation advantage over those just entering B-tier, making the extra capital commitment less rewarding when considering broker fee structures that may vary. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Mainland Chinese investors accounted for 80.4% of all participants, underlining the stock’s strong appeal across the border. The investor base skewed male (65.6%) and relatively mature with an average age of 39.7 years, suggesting a prudent, experienced cohort. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Subscription Tiers
IPO Timeline
