八马茶业 06980Prospectus Information

Prospectus Information
返回 Stock Info Prospectus Allotment Results Allotment Profile Expected Lots
IPO Timeline
Broker Deadline
2025-10-23
Morning deadline
HKEX Deadline
2025-10-23
Noon deadline
Broker Results (T-2)
2025-10-24
Some brokers release in afternoon
Grey Market (T-1)
2025-10-27
Afternoon
HKEX Allotment (T-1)
2025-10-27
Evening
Registrar Allotment (T-1)
2025-10-27
Evening
Listing Day (T)
2025-10-28
First day of trading
Company Overview
Stock Name八马茶业
Stock Code06980
Company Full Name八马茶业
IndustryNew Energy
Principal Activitiessugar-free and calorie-free bottled tea beverage product catering to consumers’ increasing demand for health and wellness, became popular among young consumers upon its launch
Listing Date2025-10-28
Listing Rules EraNew Rules (after Aug 2025)
Listing Rules ChapterTo be extracted
Weighted Voting Rights (WVR)No
Registered Address (Mainland China)廣東省深圳市羅湖區南湖街道東門南路華都園大廈7樓
Business Address (Hong Kong)灣仔皇后大道東248號大新金融中心40樓
Place of IncorporationTo be extracted
Listing MethodTo be extracted
Listing BoardMain Board
Websitewww.bamatea.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 ListingNo
Offering Information
Offering Mechanism Mechanism B
Offer PriceHK$ 50.00 / shares
Offer Price RangeFinal offer price only, no range
Lot Size100 shares
Entry ThresholdHK$ 5,000
Par ValueRMB 1.0 / shares
Offer Period2025-10-20 to 2025-10-23
Global Offering Shares9,000,000 shares
HK Public Offer Shares (Initial)900,000 shares (10.0%)
Public Offer Lots (Initial)9,000lots (4,500lots, 4,500lots)
International Placing Shares (Initial)8,100,000 shares (90.0%)
Offer Ratio~10.59%
Total Shares Post-IPO85,000,000 shares
Greenshoe (Over-allotment Option)No
Stabilizing Manager (Greenshoe)—
Cornerstone Share0%
Clawback Tiers机制B-无回补
Reallocation OptionNo
Total Global Offering SizeHK$ 450,000,000
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 SubscribedShares SubscribedSubscription Amount (HKD)
1 lots 100 HK$ 5,000
2 lots 200 HK$ 10,000
3 lots 300 HK$ 15,000
4 lots 400 HK$ 20,000
5 lots 500 HK$ 25,000
6 lots 600 HK$ 30,000
7 lots 700 HK$ 35,000
8 lots 800 HK$ 40,000
9 lots 900 HK$ 45,000
10 lots 1,000 HK$ 50,000
15 lots 1,500 HK$ 75,000
20 lots 2,000 HK$ 100,000
25 lots 2,500 HK$ 125,000
30 lots 3,000 HK$ 150,000
35 lots 3,500 HK$ 175,000
40 lots 4,000 HK$ 200,000
45 lots 4,500 HK$ 225,000
50 lots 5,000 HK$ 250,000
60 lots 6,000 HK$ 300,000
70 lots 7,000 HK$ 350,000
80 lots 8,000 HK$ 400,000
90 lots 9,000 HK$ 450,000
100 lots 10,000 HK$ 500,000
200 lots 20,000 HK$ 1,000,000
300 lots 30,000 HK$ 1,500,000
400 lots 40,000 HK$ 2,000,000
500 lots 50,000 HK$ 2,500,000
600 lots 60,000 HK$ 3,000,000
700 lots 70,000 HK$ 3,500,000
800 lots 80,000 HK$ 4,000,000
900 lots 90,000 HK$ 4,500,000
1,000 lots 100,000 HK$ 5,000,000
Pool B
Lots SubscribedShares SubscribedSubscription Amount (HKD)
1,500 lots 150,000 HK$ 7,500,000
2,000 lots 200,000 HK$ 10,000,000
2,500 lots 250,000 HK$ 12,500,000
3,000 lots 300,000 HK$ 15,000,000
3,500 lots 350,000 HK$ 17,500,000
4,000 lots 400,000 HK$ 20,000,000
4,500 lots 450,000 HK$ 22,500,000
Valuation & Financials
Market Cap (at Offer Price)HK$ 4,250,000,000
Pre-IPO Valuation (Last Round)To be extracted
P/E Ratio不適用（公司處於盈利狀態，但未提供市盈率信息）
Profit/Loss Status盈利約人民幣224.2百萬元
Period-End Cash Balance人民币140,600,000元
Listing ExpensesTo be extracted
Listing Expenses / Funds RaisedTo be extracted
Total Pre-IPO InvestmentTo be extracted
First Day Performance
First Day CloseHK$ 93.35
First Day OpenHK$ 80.1
First Day Change86.70%
First Day Volume4215100.0
First Day Turnover355298000.0
Use of Proceeds
Use of Proceeds1、約35.0%或128.9百萬港元預計將用于擴建生產基地及建造新生產基地； 2、約20.0%或73.6百萬港元預計將用于提升品牌價值及擴大產品組合； 3、約15.0%或55.2百萬港元預計將用于為直營線下門店網絡的擴張提供資金，并專注于開設更多門店以提升品牌價值； 4、約10.0%或36.8百萬港元預計將用于提升業務運營的數字化水平； 5、約10.0%或36.8百萬港元預計將用于收購或投資于中國茶行業的參與者； 6、約10.0%或36.8百萬港元預計將用作營運資金及其他一般企業用途。
Underwriting Syndicate
Joint Sponsors (3)
华泰金融控股（香港）有限公司 CE AOK809 农银国际融资有限公司 CE AWL249 TFI Capital Limited CE BPW736
Overall Coordinators (3)
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 天风国际证券与期货有限公司 CE BAV573
Joint Bookrunners (11)
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 天风国际证券与期货有限公司 CE BAV573 中信里昂证券有限公司 CE AAB893 申万宏源证券（香港）有限公司 CE AAC927 中国银河国际证券（香港）有限公司 CE AXM459 大华继显（香港）有限公司 CE AAW261 浦银国际融资有限公司 CE BFZ375 民银证券有限公司 CE APU820 中航资信环球资产管理有限公司 CE BHF812 富德证券有限公司 CE BHT984
Joint Lead Managers (16)
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 天风国际证券与期货有限公司 CE BAV573 中信里昂证券有限公司 CE AAB893 申万宏源证券（香港）有限公司 CE AAC927 中国银河国际证券（香港）有限公司 CE AXM459 大华继显（香港）有限公司 CE AAW261 浦银国际融资有限公司 CE BFZ375 民银证券有限公司 CE APU820 中航资信环球资产管理有限公司 CE BHF812 富德证券有限公司 CE BHT984 富途证券国际（香港）有限公司 CE AZT137 老虎证券（香港）环球有限公司 CE BMU940 第一上海证券有限公司 CE ABV488 TradeGo Markets Limited CE BRO637 迈时资本有限公司 CE BNO600
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
ChairmanMr. Wang Wenli
Company SecretaryMr. Wang Wenlong
No director data available.
Major Shareholders
Major Shareholders & HoldingsSUBSTANTIAL SHAREHOLDERS To the best of the knowledge of our Directors, the following persons will, immediately after the completion of the Global Offering, have an interest or short position in our Shares or underlying Shares which are required to be disclosed to our Compa
AI AI Analysis
!
The following content is generated by an AI model based on historical IPO data. It does NOT constitute investment advice, solicitation, or recommendation. Past subscription patterns and post-listing performance do not guarantee future results. Data may contain inaccuracies — always verify against official HKEX filings and prospectuses before making any investment decision.

Market Sentiment

The IPO attracted extreme oversubscription of 2680.04x, reflecting intense retail enthusiasm for the well-known tea brand. However, the overall hit rate was effectively zero percent, indicating that despite the fervor, very few applicants received allocations, likely due to a small HK offering tranche and no clawback. The final offer price was fixed at HK$50.0, offering no discount to incentivize participation beyond brand appeal. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A notable tier inefficiency emerges from the expected lot data: applications at the A-tail (100,000 lots) yielded an expected 0.222 lots, whereas the B-head (150,000 lots) yielded 0.4505 lots, giving the B-head a roughly 35% higher expected allocation per lot. This disparity suggests that applying at the B-head tier was substantially more capital-efficient than at the A-tail, which is unusual and could have disadvantaged many retail investors concentrated in lower tiers. (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 57.1% of the applicant pool, significantly outnumbering Hong Kong-based participants at 41.0%, highlighting strong cross-border brand recognition. The gender split was skewed male at 62.9%, with an average age of 44.2 years, indicating a predominantly middle-aged, male retail investor base. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

AI-generated content. For informational purposes only. Not financial advice. Verify against official sources.
Offering Structure
Subscription Tiers
IPO Timeline
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