梦金园 02585 Prospectus Information

IPO Timeline

Broker Deadline

2024-11-26

Morning deadline

HKEX Deadline

2024-11-26

Noon deadline

Broker Results (T-2)

2024-11-27

Some brokers release in afternoon

Grey Market (T-1)

2024-11-28

Afternoon

HKEX Allotment (T-1)

2024-11-28

Evening

Registrar Allotment (T-1)

2024-11-28

Evening

Listing Day (T)

2024-11-29

First day of trading

Company Overview

Stock Name	梦金园
Stock Code	02585
Company Full Name	梦金园
Industry	紡織服飾
Principal Activities	公司是專注中國三線及以下城市市場的黃金珠寶首飾原創品牌制造商。
Listing Date	2024-11-29
Listing Rules Era	Old Rules
Listing Rules Chapter	To be extracted
Weighted Voting Rights (WVR)	No
Registered Address (Mainland China)	中國天津市濱海高新區華苑產業區梓苑路15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.mokingran.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$ 12.00 / 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)	Yes
Stabilizing Manager (Greenshoe)	To be extracted
Cornerstone Share	39.8%
Clawback Tiers	To be extracted
Reallocation Option	No
Total Global Offering Size	HK$ 105,496,800

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$ 2,400
2 lots	400	HK$ 4,800
3 lots	600	HK$ 7,200
4 lots	800	HK$ 9,600
5 lots	1,000	HK$ 12,000
6 lots	1,200	HK$ 14,400
7 lots	1,400	HK$ 16,800
8 lots	1,600	HK$ 19,200
9 lots	1,800	HK$ 21,600
10 lots	2,000	HK$ 24,000
15 lots	3,000	HK$ 36,000
20 lots	4,000	HK$ 48,000
25 lots	5,000	HK$ 60,000
30 lots	6,000	HK$ 72,000
35 lots	7,000	HK$ 84,000
40 lots	8,000	HK$ 96,000
45 lots	9,000	HK$ 108,000
50 lots	10,000	HK$ 120,000
100 lots	20,000	HK$ 240,000
150 lots	30,000	HK$ 360,000
200 lots	40,000	HK$ 480,000
250 lots	50,000	HK$ 600,000
300 lots	60,000	HK$ 720,000
350 lots	70,000	HK$ 840,000
400 lots	80,000	HK$ 960,000
450 lots	90,000	HK$ 1,080,000
500 lots	100,000	HK$ 1,200,000
1,000 lots	200,000	HK$ 2,400,000
1,500 lots	300,000	HK$ 3,600,000
2,000 lots	400,000	HK$ 4,800,000

Pool B

Lots Subscribed	Shares Subscribed	Subscription Amount (HKD)
2,500 lots	500,000	HK$ 6,000,000
3,000 lots	600,000	HK$ 7,200,000
4,500 lots	900,000	HK$ 10,800,000
5,000 lots	1,000,000	HK$ 12,000,000
6,250 lots	1,250,000	HK$ 15,000,000
7,500 lots	1,500,000	HK$ 18,000,000
10,000 lots	2,000,000	HK$ 24,000,000
10,989 lots	2,197,800	HK$ 26,373,600

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$ 12.9
First Day Open	HK$ 12.5
First Day Change	7.50%
First Day Volume	12461400.0
First Day Turnover	155061000.0

Use of Proceeds

Use of Proceeds	1、約50.0%或251.2百萬港元（人民幣232.5百萬元）將用于升級山東濰坊的生產設施以增強生產能力，以期進一步實現業務增長； 2、約34.0%或170.8百萬港元（人民幣158.1百萬元），將用于擴大和加強銷售網絡； 3、約16.0%或80.4百萬港元（人民幣74.4百萬元）將用于投資信息科技。

Underwriting Syndicate

Sole Sponsor (1)

中信证券（香港）有限公司 CE AAK249(sole)

Overall Coordinators (1)

中信里昂证券有限公司 CE AAB893(sole)

Joint Global Coordinators (1)

中信里昂证券有限公司 CE AAB893(sole)

Joint Bookrunners (5)

农银国际融资有限公司 CE AWL249 中国光大证券（香港）有限公司 CE AAW536 富途证券国际（香港）有限公司 CE AZT137 工银国际证券有限公司 CE ARO299 TradeGo Markets Limited CE BRO637

Joint Lead Managers (5)

农银国际证券有限公司 CE ACX411 中国光大证券（香港）有限公司 CE AAW536 富途证券国际（香港）有限公司 CE AZT137 工银国际证券有限公司 CE ARO299 TradeGo Markets Limited CE BRO637

Capital Market Intermediaries (6)

农银国际融资有限公司 CE AWL249 农银国际证券有限公司 CE ACX411 中国光大证券（香港）有限公司 CE AAW536 富途证券国际（香港）有限公司 CE AZT137 工银国际证券有限公司 CE ARO299 TradeGo Markets Limited CE BRO637

Service Providers

Role	Institution
Legal Advisor to Company	嘉源律师事务所
Legal Advisor to Sponsors/Underwriters	年利达律师事务所竞天公诚律师事务所
Auditor and Reporting Accountant	德勤‧关黄陈方会计师行
Industry Advisor	弗若斯特沙利文（北京）咨询有限公司上海分公司
Compliance Advisor	浤博资本有限公司 CE BPB716
Receiving Banks	中信银行（国际）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	Bright Ambition International Limited	42,511,200 HKD	—	8.06%	—	6 months	2025-05-29
2	Matrix Capital Limited	42,787,200 HKD	—	8.11%	—	6 months	2025-05-29
3	Solid Elegance International (Hong Kong) Limited	28,708,800 HKD	—	5.44%	—	6 months	2025-05-29
4	Swift Grace (Hong Kong) Limited	18,069,600 HKD	—	3.43%	—	6 months	2025-05-29
5	天津海泰资本投资管理有限公司	77,683,200 HKD	—	14.73%	—	6 months	2025-05-29

Directors & Management

Chairman	王忠善
Company Secretary	王澤鋼;余詠詩

No director data available.

Major Shareholders

Major Shareholders & Holdings	王忠善(23.72%);張秀芹 (21.98%);天津園金夢企業管理諮詢有限公司(14.65%);天津金夢企業管理合伙企業(有限合伙)(8.06%)

AI AI Analysis

Market Sentiment

The IPO of 梦金园 (02585) saw retail oversubscription of 20.58 times, indicating moderate market demand. The overall hit rate of 43.28% reflects a balanced allocation, with neither extreme scarcity nor oversupply. Pricing at the final offer price of HKD 12.00 and the presence of clawback reallocation suggest stable but not frenzied sentiment. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A notable tier anomaly exists: the expected lots for甲尾 (A-tail, HKD 300,000 application) is 0.4222 lots, nearly identical to the 0.4118 lots expected for乙头 (B-head, HKD 400,000 application). This implies that the marginal benefit of moving from top of A-tier into B-tier is minimal, as both receive roughly the same allocation. It reflects an inefficient distribution where larger A-tier applications fail to gain proportional advantage, likely due to the specific clawback and allocation formula. Broker fee efficiency may vary significantly across tiers, but given the almost identical expected lots, B-head investors may face higher costs without proportional reward. (This is AI-generated commentary. Actual broker fees and exact allocations depend on individual broker arrangements and may differ. Not financial advice.)

Demographics

Demographic data for this IPO is not available in the provided dataset, as total holder counts and mainland/HK participant percentages are recorded as zero. Without reliable data, no patterns regarding investor origin, gender, or regional concentration can be assessed. In typical Hong Kong IPOs, mainland Chinese participation can be significant, but here no inference can be drawn. (This is AI-generated commentary. Demographic data may be incomplete or suppressed. Verify against official sources. Not financial advice.)

Subscription Tiers

IPO Timeline

梦金园 02585Prospectus Information

Market Sentiment

Tier Analysis

Demographics