| Stock Name | 澜沧古茶 |
|---|---|
| Stock Code | 06911 |
| Company Full Name | 澜沧古茶 |
| Industry | 食品飲料 |
| Principal Activities | 公司是中國第三大普洱茶公司。 |
| Listing Date | 2023-12-22 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國云南省普洱市瀾滄拉祜族自治縣猛朗鎮縣城西郊溫泉社區平掌路 |
| 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.lcgc.cn/ |
| 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$ 10.70 / 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 | 51.6% |
| Clawback Tiers | To be extracted |
| Reallocation Option | To be confirmed |
| Total Global Offering Size | HK$ 22,470,000 |
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 200,000 | HK$ 2,140,000 |
| 1 lots | 300,000 | HK$ 3,210,000 |
| 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$ 8.7 |
|---|---|
| First Day Open | HK$ 10.7 |
| First Day Change | -18.69% |
| First Day Volume | 2073200.0 |
| First Day Turnover | 21577900.0 |
| Use of Proceeds | 1、約35.0%或65.0百萬港元將用于建立現代化物流及倉儲中心、建設新生產車間及改良現有生產車間，以提高產能； 2、約27.0%或50.2百萬港元將用于建立銷售渠道，以優化全國銷售網絡、提升顧客體驗及線下門店的銷售能力； 3、約18.0%或33.4百萬港元將用于品牌建設及產品營銷； 4、約5.0%或9.3百萬港元將用于在茶行業作戰略投資及收購能與業務發揮協同效應的商機； 5、約5.0%或9.4百萬港元將用于升級信息科技基礎設施，進一步加強研發能力； 6、約10.0%或18.6百萬港元將撥充營運資金以及作其他一般企業用途。 |
|---|
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | HARVEST INTERNATIONAL PREMIUM VALUE (SECONDARY MARKET) FUND SPC | 23,441,560 HKD | — | 10.43% | — | 6 months | 2024-06-22 |
| 2 | 澜沧绿色资源投资有限公司 | 39,069,980 HKD | — | 17.39% | — | 6 months | 2024-06-22 |
| 3 | 王春宇 | 19,998,300 HKD | — | 8.90% | — | 6 months | 2024-06-22 |
| 4 | 兴日投资有限公司 | 9,998,080 HKD | — | 4.45% | — | 6 months | 2024-06-22 |
| 5 | 中国海景集团有限公司 | 23,441,560 HKD | — | 10.43% | — | 6 months | 2024-06-22 |
| Chairman | 杜春嶧 |
|---|---|
| Company Secretary | 高貝茹 |
| Major Shareholders & Holdings | 杜春嶧(13.55%);王娟(9.92%);廣州天速信息科技有限公司(5.91%) |
|---|
Market Sentiment
The IPO saw moderate retail enthusiasm with an oversubscription ratio of 13.23x, resulting in a hit rate of 53.41%, meaning over half of applicants received at least one lot. This level of demand is relatively calm compared to the market norm, where hot deals often exceed 100x. The final offer price was set at HK$10.7, with no premium or discount vs. indicative range disclosed. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
Available data does not include tier-level application or allocation breakdowns, so no specific tier anomaly can be identified. With moderate oversubscription and a clawback reallocation triggered, the distribution was likely more favorable to smaller applicants than in severely oversubscribed deals, but concrete comparison is impossible. Absent granular data, the typical inefficiency of 甲尾 barely exceeding 乙头 cannot be assessed. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Mainland China investors dominated the applicant pool at 85.2%, signaling strong cross-border interest in tea-related consumer IPOs. The gender split leaned male at 60%, and the average age of 43.4 years points to a mature, experienced investor base. Regional concentration beyond the mainland/HK split is not provided, though Guangdong typically leads such demographics. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
