GUOFUHEE
Listing Date | 2024/11/15 |
Listing Price | 65.000 |
- Subscription Rate21.07x
- Guarantee One Lot Size15 lot
- One Lot Success Rate15.03%
Listing Date | 2024/11/15 |
Listing Price | 65.000 |
Jiangsu Guofu Hydrogen Energy Equipment is a leading hydrogen energy storage and transport equipment manufacturer in China. The Group develop and manufacture hydrogen energy core equipment used in the entire industrial value chain of hydrogen energy, which consists of its production, storage, transportation, refueling and use. The Group is strategically located in the Yangtze River Delta, with convenient access to the ports thereof, which have abundant supply chain resources.
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The Group currently provide four types of hydrogen energy equipment products to its customers, which include: (i) vehicle-mounted high-pressure hydrogen supply systems and related products; (ii) equipment for hydrogen refueling stations and related products; (iii) equipment for hydrogen liquefaction and the storage and transportation of liquid hydrogen; and (iv) water electrolysis hydrogen production equipment and related products. The Group’s customers primarily consist of fuel cell system integration providers, vehicle manufacturers, domestic energy companies, city bus operating companies.
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The Group ranked first in terms of sales amount of vehiclemounted high-pressure hydrogen supply systems in China in 2023, with a market share of 23.6%. The Group ranked first in terms of sales amount of vehicle-mounted high pressure hydrogen storage cylinders in China in 2023, with a market share of 26.2%. The Group generated a majority of its revenue from vehicle-mounted high pressure hydrogen supply systems and related products and equipment for hydrogen refueling stations and related products.
Market | Hong Kong (Main Board) |
Business Nature | Industrials |
Major Business Area | China |
Board Lot | 100 |
No. of Offer Shares | 6.00M H shares |
No. of International Offer Shares | 5.27M H shares |
No. of HK Offer Shares | 0.73M H shares |
Offer Price | $65.00 - $73.00 |
Stock Code | 2582 |
Sponsor(s) | Haitong International Capital Limited, CITIC Securities (Hong Kong) Limited |
Underwriter(s) | Haitong International Securities Company Limited, CLSA Limited, CCB International Capital Limited, China Securities (International) Corporate Finance Company Limited, Livermore Holdings Limited, Zhongtai International Securities Limited, Fortune Origin Securities Limited, ICBC International Securities Limited, Quam Securities Limited, Soochow Securities International Brokerage Limited |
Application Period | Nov 07 (Thu) - noon, Nov 12 (Tue) |
Price Determination Date | Nov 13 (Wed) |
Result Announcement Date | On or before Nov 14 (Thu) |
Result Announcement Date | On or before Nov 14 (Thu) |
Result Announcement Date | On or before Nov 15 (Fri) |
Dealings in Shares commence on | Nov 15, 2024. (Fri) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 30% | 40% | 50% |
Offer Price | $65.00 - $73.00 |
Capitalization (H Shares) | 5.17B - 5.80B |
NAV / share ($) | $10.71 - $11.15 (Unaudited pro forma adj NAV / share) |
Assuming the offer price being at HKD 69.00, the net proceeds raised would be HKD 362.70M, of which |
56.1% : Expand production capacity for certain products |
33.9% : Enhance R&D capabilities and pursue continuous technology upgrades and product iterations |
10% : Working capital |
15/11/2024 16:08 |
{New Stock}GUOFUHEE(02582) ends up 20% at HK$78 |
15/11/2024 09:20 |
{New Stock}GUOFUHEE(02582) opens up 26.62% at HK$82.3 |
14/11/2024 18:35 |
{New Stock}GUOFUHEE ends up 24.15% at HK$80.7 on grey market |
14/11/2024 16:20 |
{New Stock}GUOFUHEE(02582) up 16.92% at HK$76 on grey market |
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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