| Stock Name | 武汉有机 |
|---|---|
| Stock Code | 02881 |
| Company Full Name | 武汉有机 |
| Industry | 原材料 |
| Principal Activities | 公司是中國及全球市場知名的甲苯衍生品供應商，主要專注于通過有機合成工序制造甲苯氧化及氯化產品、苯甲酸氨化產品以及其他精細化工產品。 |
| Listing Date | 2024-06-18 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國湖北省武漢市青山區武漢化學工業區化工二路1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.chinaorganic.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$ 5.50 / 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) | To be confirmed |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 0% |
| Clawback Tiers | To be extracted |
| Reallocation Option | To be confirmed |
| Total Global Offering Size | HK$ 17,891,500 |
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 500 | HK$ 2,750 |
| 2 lots | 1,000 | HK$ 5,500 |
| 3 lots | 1,500 | HK$ 8,250 |
| 4 lots | 2,000 | HK$ 11,000 |
| 5 lots | 2,500 | HK$ 13,750 |
| 6 lots | 3,000 | HK$ 16,500 |
| 7 lots | 3,500 | HK$ 19,250 |
| 8 lots | 4,000 | HK$ 22,000 |
| 9 lots | 4,500 | HK$ 24,750 |
| 10 lots | 5,000 | HK$ 27,500 |
| 12 lots | 6,000 | HK$ 33,000 |
| 14 lots | 7,000 | HK$ 38,500 |
| 16 lots | 8,000 | HK$ 44,000 |
| 18 lots | 9,000 | HK$ 49,500 |
| 20 lots | 10,000 | HK$ 55,000 |
| 30 lots | 15,000 | HK$ 82,500 |
| 40 lots | 20,000 | HK$ 110,000 |
| 50 lots | 25,000 | HK$ 137,500 |
| 60 lots | 30,000 | HK$ 165,000 |
| 70 lots | 35,000 | HK$ 192,500 |
| 80 lots | 40,000 | HK$ 220,000 |
| 90 lots | 45,000 | HK$ 247,500 |
| 100 lots | 50,000 | HK$ 275,000 |
| 120 lots | 60,000 | HK$ 330,000 |
| 140 lots | 70,000 | HK$ 385,000 |
| 160 lots | 80,000 | HK$ 440,000 |
| 180 lots | 90,000 | HK$ 495,000 |
| 200 lots | 100,000 | HK$ 550,000 |
| 300 lots | 150,000 | HK$ 825,000 |
| 400 lots | 200,000 | HK$ 1,100,000 |
| 500 lots | 250,000 | HK$ 1,375,000 |
| 600 lots | 300,000 | HK$ 1,650,000 |
| 700 lots | 350,000 | HK$ 1,925,000 |
| 800 lots | 400,000 | HK$ 2,200,000 |
| 900 lots | 450,000 | HK$ 2,475,000 |
| 1,000 lots | 500,000 | HK$ 2,750,000 |
| 1,200 lots | 600,000 | HK$ 3,300,000 |
| 1,400 lots | 700,000 | HK$ 3,850,000 |
| 1,600 lots | 800,000 | HK$ 4,400,000 |
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,830 lots | 915,000 | HK$ 5,032,500 |
| 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$ 7.02 |
|---|---|
| First Day Open | HK$ 9.88 |
| First Day Change | 27.64% |
| First Day Volume | 9508500.0 |
| First Day Turnover | 85396000.0 |
| Use of Proceeds | 1、約82.0%（或約43.7百萬港元）將用于建設主要著重生產甲苯氯化產品及衍生品的新生產設施以增加湖北新軒宏生產基地的產能； 2、約3.0%（或約1.6百萬港元）將用作研發活動； 3、約5.0%（或約2.7百萬港元）將用作銷售及營銷活動； 4、約10.0%（或約5.3百萬港元）將用于公司的營運資金及一般企業用途。 |
|---|
| Chairman | 鄒曉虹 |
|---|---|
| Company Secretary | 賴浩恩 |
| Major Shareholders & Holdings | Vastocean Capital Limited(53.75%);SYM Holdings Limited(13.44%);Custodian Capital Ltd.(7.79%) |
|---|
Market Sentiment
The IPO of Wuhan Youji (02881) attracted overwhelming market enthusiasm, with an oversubscription ratio of 337.57x. This triggered reallocation (clawback) and resulted in a low overall hit rate of just 26.09%, indicating intense competition among retail investors. The final offer price was set at HK$5.50, though no pricing range was disclosed for comparison. (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 between the A-tail and B-head. At the A-tail, applicants with 800,000 shares (1,600 lots) could expect only 0.625 lots on average, while stepping up to the B-head with 915,000 shares (1,830 lots) yields a full 1.0 lot expected allocation. This disproportionately small increase in application size (just 115,000 shares) for a 60% jump in expected lots suggests an inefficient tier structure, where the marginal cost per additional allocated lot is significantly lower at the B-head level. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
The applicant base was heavily dominated by mainland Chinese investors, who represented 85.5% of all successful applicants, while Hong Kong residents accounted for only 14.1%. Gender distribution was nearly balanced, with males at 51.7% and females at 48.3%. The average age of successful applicants was 45.3 years, reflecting a predominantly middle-aged investor demographic. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
