01497 燕之屋
YAN PALACE
YAN PALACE
| Listing Date | 2023/12/12 |
| Listing Price | 9.700 |
Subscription Result
- Subscription Rate83.63x
- Guarantee One Lot Size25 lot
- One Lot Success Rate6.02%
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IPO Detail
COMPANY PROFILE
Xiamen Yan Palace Bird’s Nest Industry Co. is dedicated to the development, production and marketing of high-quality modern EBN products. The Group is the largest EBN product company in the traceable EBN market in China with a market share of 14% in terms of retail value in 2022.
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Its product portfolio primarily consists of three product categories, i.e., pure EBN products, “EBN ” products and “ EBN” products. In 2022, it had 250 SKUs, among which 194 were pure EBN SKUs under four major product series, including One Nest , Freshly Stewed Bird’s Nest, Crystal Sugar Bird’s Nest, and dried EBN.
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As of May 31, 2023, the Group had a nationwide offline sales network consisting of 91 self-operated stores and 214 offline distributors covering 614 distributor operated stores in China. It had 23 self-operated online stores and 13 distributor-operated online stores on mainstream e-commerce or social media platforms such as JD.com, Tmall and Douyin.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Food & Beverages |
| Major Business Area | China |
| Board Lot | 400 |
GLOBAL OFFERING
| No. of Offer Shares | 32.00M H shares |
| No. of International Offer Shares | 19.20M H shares |
| No. of HK Offer Shares | 12.80M H shares |
| Offer Price | $8.80 - $11.00 |
| Stock Code | 1497 |
| Sponsor(s) | GF Capital (Hong Kong) Limited, China International Capital Corporation Hong Kong Securities Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, GF Securities (Hong Kong) Brokerage Limited, Citigroup Global Markets Asia Limited, Valuable Capital Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Nov 30 (Thu) - noon, Dec 07 (Thu) |
| Price Determination Date | Dec 08 (Fri) |
| Result Announcement Date | On or before Dec 11 (Mon) |
| Result Announcement Date | On or before Dec 11 (Mon) |
| Result Announcement Date | On or before Dec 12 (Tue) |
| Dealings in Shares commence on | Dec 12, 2023. (Tue) |
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 | $8.80 - $11.00 |
| Capitalization | 4.10B - 5.12B |
| NAV / share ($) | $1.26 - $1.41 () |
Use Of Proceeds
| Assuming the offer price being at HKD 9.90, the net proceeds raised would be HKD 262.60M, of which |
| 10% : Use for research and development activities |
| 25% : Expanding and consolidating its sales network |
| 15% : Strengthening brand building and marketing promotion efforts |
| 35% : Strengthening supply chain management capabilities |
| 5% : Strengthening digital infrastructure |
| 10% : Working capital |
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).