IPO Timeline
Broker Results (T-2)
2023-11-20
Some brokers release in afternoon
Grey Market (T-1)
2023-11-21
Afternoon
HKEX Allotment (T-1)
2023-11-21
Evening
Registrar Allotment (T-1)
2023-11-21
Evening
Listing Day (T)
2023-11-22
First day of trading
Company Overview
| Stock Name | 山西安装 |
|---|---|
| Stock Code | 02520 |
| Company Full Name | 山西安装 |
| Industry | 建筑 |
| Principal Activities | 公司是一家總部位于中國山西省太原市的工程服務商，從事專業工業工程、專業配套工程、其他工程及非工程業務。 |
| Listing Date | 2023-11-22 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國山西省山西轉型綜合改革示范區唐槐產業園新化路8號 |
| 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.sxaz.com.cn/Front_Index/Main/Index |
| 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 data |
Offering Information
| Offering Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 2.18 / 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 | 21.6% |
| Clawback Tiers | To be extracted |
| Reallocation Option | To be confirmed |
| Total Global Offering Size | HK$ 43,700,280 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 2,000 | HK$ 4,360 |
| 2 lots | 4,000 | HK$ 8,720 |
| 3 lots | 6,000 | HK$ 13,080 |
| 4 lots | 8,000 | HK$ 17,440 |
| 5 lots | 10,000 | HK$ 21,800 |
| 6 lots | 12,000 | HK$ 26,160 |
| 7 lots | 14,000 | HK$ 30,520 |
| 8 lots | 16,000 | HK$ 34,880 |
| 9 lots | 18,000 | HK$ 39,240 |
| 10 lots | 20,000 | HK$ 43,600 |
| 15 lots | 30,000 | HK$ 65,400 |
| 20 lots | 40,000 | HK$ 87,200 |
| 25 lots | 50,000 | HK$ 109,000 |
| 30 lots | 60,000 | HK$ 130,800 |
| 35 lots | 70,000 | HK$ 152,600 |
| 40 lots | 80,000 | HK$ 174,400 |
| 45 lots | 90,000 | HK$ 196,200 |
| 50 lots | 100,000 | HK$ 218,000 |
| 100 lots | 200,000 | HK$ 436,000 |
| 150 lots | 300,000 | HK$ 654,000 |
| 250 lots | 500,000 | HK$ 1,090,000 |
| 1,000 lots | 2,000,000 | HK$ 4,360,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,500 lots | 5,000,000 | HK$ 10,900,000 |
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$ 2.18 |
|---|---|
| First Day Open | HK$ 2.18 |
| First Day Change | -15.60% |
| First Day Volume | 12720000.0 |
| First Day Turnover | 27723600.0 |
Use of Proceeds
| Use of Proceeds | 1、約50%（或327百萬港元）將用于資助本公司新能源項目； 2、約32%（或209.3百萬港元）將用于股權投資承擔提供資金，通過為現有及新PPP項目而設的相關項目公司繳足注冊資本的方式完成； 3、約10%（或65.4百萬港元）將用于資助新能源上下游制造產業項目； 4、約8%（或52.3百萬港元）用于營運資金及一般公司用途，并于上市后六個月內動用有關所得款項。 |
|---|
Underwriting Syndicate
Joint Sponsors (2)
华泰金融控股（香港）有限公司 CE AOK809
Shanxi Securities International Capital Limited CE BIJ642
Overall Coordinators (2)
山证国际证券有限公司 CE BEM330
华泰金融控股（香港）有限公司 CE AOK809
Joint Bookrunners (8)
山证国际证券有限公司 CE BEM330
华泰金融控股（香港）有限公司 CE AOK809
交银国际证券有限公司 CE APJ121
中国光大证券（香港）有限公司 CE AAW536
招银国际融资有限公司 CE AVM940
富途证券国际（香港）有限公司 CE AZT137
工银国际融资有限公司 CE AQW615
中泰国际证券有限公司 CE BAA855
Joint Lead Managers (12)
山证国际证券有限公司 CE BEM330
华泰金融控股（香港）有限公司 CE AOK809
交银国际证券有限公司 CE APJ121
中国光大证券（香港）有限公司 CE AAW536
招银国际融资有限公司 CE AVM940
富途证券国际（香港）有限公司 CE AZT137
工银国际融资有限公司 CE AQW615
中泰国际证券有限公司 CE BAA855
艾德证券期货有限公司 CE BHT550
百惠证券有限公司 CE BPQ161
胜利证券有限公司 CE ABN091
ZMF Asset Management Limited CE AWF641
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 明阳智慧能源集团股份公司 | 156,999,240 HKD | — | 21.60% | — | 6 months | 2024-05-22 |
Directors & Management
| Chairman | 任銳 |
|---|---|
| Company Secretary | 張曉東;陳詩婷 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 山西建設投資集團有限公司(73.5%) |
|---|
Subscription Tiers
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