02570 重塑能源
REFIRE
REFIRE
| Listing Date | 2024/12/06 |
| Listing Price | 147.000 |
Subscription Result
- Subscription Rate1.55x
- Guarantee One Lot Size2 lot
- One Lot Success Rate56.81%
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IPO Detail
COMPANY PROFILE
Shanghai REFIRE Group Limited is a leading hydrogen technology company in China, it focused on the design, development, manufacture, and sales of hydrogen fuel cell systems, hydrogen production systems, and related components, as well as providing fuel cell engineering and technical services catering to customers’ needs, provides one-stop solution for hydrogen production and end-use applications.
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According to Frost & Sullivan, the Group ranked the first in the hydrogen fuel cell system market in China, in terms of the sales power output of hydrogen fuel cell systems in 2023, with a market share of 23.8%. The Group ranked the first in the hydrogen fuel cell system market in China, in terms of the total sales power output of hydrogen fuel cell systems that have been used for heavy-duty trucks in 2023, with a market share of 42.4%. The Group ranked the first in the hydrogen fuel cell system market in China, in terms of the total sales value of hydrogen fuel cell systems that have been used for heavy-duty trucks in 2023, with a market share of 29.4%.
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As of May 31, 2024, the Group hydrogen fuel cell systems had powered over 5,900 fuel cell vehicles on the road in China. The Group’s largest revenue contributor was the sales of hydrogen fuel cell systems and components and its customers primarily consisted of commercial vehicle manufacturers located in China.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Industrials |
| Major Business Area | China |
| Board Lot | 20 |
GLOBAL OFFERING
| No. of Offer Shares | 4.83M H shares |
| No. of International Offer Shares | 4.35M H shares |
| No. of HK Offer Shares | 0.48M H shares |
| Offer Price | $145.00 - $165.00 |
| Stock Code | 2570 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited, BNP Paribas Securities (Asia) Limited, China Galaxy International Securities (Hong Kong) Co., Limited, ABCI Securities Company Limited, BOCI Asia Limited, China Merchants Securities (HK) Co., Limited, Livermore Holdings Limited, Soochow Securities International Brokerage Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Nov 28 (Thu) - noon, Dec 03 (Tue) |
| Price Determination Date | Dec 04 (Wed) |
| Result Announcement Date | On or before Dec 05 (Thu) |
| Result Announcement Date | On or before Dec 05 (Thu) |
| Result Announcement Date | On or before Dec 06 (Fri) |
| Dealings in Shares commence on | Dec 06, 2024. (Fri) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $145.00 - $165.00 |
| Capitalization | 12.49B - 14.21B |
| NAV / share ($) | $26.62 - $27.69 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 155, the net proceeds raised would be HKD 665.90M, of which |
| 74.5% : Fund R&D activities and production capacity expansion of hydrogen fuel cell systems |
| 15.3% : Fund production capacity expansion of hydrogen production systems |
| 7.7% : Expansion of overseas market footprint |
| 2.5% : Working capital |
IPO NEWS
| 06/12/2024 16:08 |
| {New Stock}REFIRE(02570) ends up 0.07% at HK$147.1 |
| 06/12/2024 09:20 |
| {New Stock}REFIRE(02570) opens up 1.29% at HK$148.9 |
| 05/12/2024 18:35 |
| {New Stock}REFIRE ends down 7.76% at HK$135.6 on grey market |
| 05/12/2024 16:20 |
| {New Stock}REFIRE(02570) down 6.8% at HK$137 on grey market |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).