IPO Timeline Raw facts
Broker Deadline
2024-07-05
Morning deadline
HKEX Deadline
2024-07-05
Noon deadline
Broker Results (T-2)
2024-07-08
Some brokers release in afternoon
Grey Market (T-1)
2024-07-09
Afternoon
HKEX Allotment (T-1)
2024-07-09
Evening
Registrar Allotment (T-1)
2024-07-09
Evening
Listing Day (T)
2024-07-10
First day of trading
Company Overview
| Stock Name | Ruichang Intl |
|---|---|
| Stock Code | 01334 |
| Company Full Name | Ruichang International Holdings Limited |
| Industry | 石油天然氣 |
| Principal Activities | 公司是一家總部設于中國河南省的石油煉制及石化設備制造商，主要提供(i)硫回收設備及揮發性有機化合物焚燒設備；(ii)催化裂化設備；(iii)工藝燃燒器；及(iv)換熱器。 |
| Listing Date | 2024-07-10 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國上海市徐匯區欽州北路1001號2樓201室 |
| Business Address (Hong Kong) | To be extracted |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | https://www.ruichang.com.cn/index.html |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | (852)2862 8628 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 1.05 / 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) | Yes |
| Stabilizing Manager (Greenshoe) | First Shanghai Capital Limited CE AES612 |
| Cornerstone Share | 44.0% |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 16,458,750 |
Stock Connect Inclusion
| HK Market Cap | HK$ 645.8M |
|---|
| 26Q2 Regular Review | |
| Inclusion Pathway | Small Cap Regular Path |
|---|---|
| Est. Threshold | HK$ 10.47B Market cap gap 94% |
| Analysis Result | Market cap below threshold (gap 94%) |
Valuation & Financials
| Market Cap (at Offer Price) | To be extracted |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not disclosed |
| Profit/Loss Status | To be extracted |
| Period-End Cash Balance | RMB 45.67 million |
| Listing Expenses | ~HK$ 69,600,000 |
| Listing Expenses / Funds Raised | ~45.6% |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | HK$ 1.2 |
|---|---|
| First Day Open | HK$ 1.3 |
| First Day Change | 14.29% |
| First Day Volume | 39965000.0 |
| First Day Turnover | 50953200.0 |
Use of Proceeds
| Use of Proceeds | 1、約60.5百萬港元（約73.0%），將會用于為興建新生產設施提供部分資金，以增加產能及實力； 2、約14.5百萬港元（約17.5%），將會用于進一步增強我們的設計和研發能力； 3、約7.9百萬港元（約9.5%），將會用作一般營運資金及一般企業用途。 |
|---|
Underwriting Syndicate
Sole Sponsor (1)
First Shanghai Capital Limited CE AES612(sole)
Overall Coordinators (2)
Joint Global Coordinators (2)
Joint Bookrunners (20)
First Shanghai Securities Limited CE ABV488
VICTORY SECURITIES COMPANY LIMITED CE ABN091
CLSA Limited CE AAB893
SHENWAN HONGYUAN SECURITIES (H.K.) LIMITED CE AAC927
CENTRAL CHINA INTERNATIONAL CAPITAL LIMITED CE ABC734
CHINA MERCHANTS SECURITIES (HK) CO., LIMITED CE AAI650
CHINA EVERBRIGHT SECURITIES (HK) LIMITED CE AAW536
SHANXI SECURITIES INTERNATIONAL LIMITED CE BEM330
SDIC SECURITIES (HONG KONG) LIMITED CE AUW685
Livermore Holdings Limited CE BJN764
Tiger Brokers (HK) Global Limited CE BMU940
Fortune (HK) Securities Limited CE AHQ488
CCB International Capital Limited CE AJO225
ZHONGTAI INTERNATIONAL SECURITIES LIMITED CE BAA855
GOLDLINK SECURITIES LIMITED CE BHH779
TradeGo Markets Limited CE BRO637
Fosun International Securities Limited CE AAF432
CMBC SECURITIES COMPANY LIMITED CE APU820
Futu Securities International (Hong Kong) Limited CE AZT137
SPDB International Capital Limited CE BFZ375
Joint Lead Managers (20)
First Shanghai Securities Limited CE ABV488
VICTORY SECURITIES COMPANY LIMITED CE ABN091
CLSA Limited CE AAB893
SHENWAN HONGYUAN SECURITIES (H.K.) LIMITED CE AAC927
CENTRAL CHINA INTERNATIONAL CAPITAL LIMITED CE ABC734
CHINA MERCHANTS SECURITIES (HK) CO., LIMITED CE AAI650
CHINA EVERBRIGHT SECURITIES (HK) LIMITED CE AAW536
SHANXI SECURITIES INTERNATIONAL LIMITED CE BEM330
SDIC SECURITIES (HONG KONG) LIMITED CE AUW685
Livermore Holdings Limited CE BJN764
Tiger Brokers (HK) Global Limited CE BMU940
Fortune (HK) Securities Limited CE AHQ488
CCB International Capital Limited CE AJO225
ZHONGTAI INTERNATIONAL SECURITIES LIMITED CE BAA855
GOLDLINK SECURITIES LIMITED CE BHH779
TradeGo Markets Limited CE BRO637
Fosun International Securities Limited CE AAF432
CMBC SECURITIES COMPANY LIMITED CE APU820
Futu Securities International (Hong Kong) Limited CE AZT137
SPDB International Capital Limited CE BFZ375
Stabilizing Manager (1)
First Shanghai Capital Limited CE AES612
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
美迈斯律师事务所 Jia Yuan Law Offices DLA Piper Singapore Pte. Ltd. 迈普达律师事务所（香港）有限法律责任合伙 |
| Legal Advisor to Sponsors/Underwriters |
周俊轩律师事务所与北京市通商律师事务所联营 Jun He Law Offices |
| Auditor and Reporting Accountant | 中汇安达会计师事务所有限公司 |
| Industry Advisor | Frost & Sullivan (Beijing) Inc., Shanghai Branch Co. |
| Compliance Advisor | First Shanghai Capital Limited CE AES612 |
| Receiving Banks | China CITIC Bank International Limited |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Emsdom Limited | 7,798,875 HKD | — | 5.94% | — | 6 months | 2025-01-10 |
| 2 | 黄山建投私募基金管理有限公司 | 29,998,500 HKD | — | 22.86% | — | 6 months | 2025-01-10 |
| 3 | 黄山市诚合新业股权投资合伙企业（有限合伙） | 19,999,875 HKD | — | 15.24% | — | 6 months | 2025-01-10 |
Directors & Management
| Chairman | 陸波 |
|---|---|
| Company Secretary | 郭恩廷 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | One Ideal Limited(32.83%);Lady Jing Limited(32.83%) |
|---|
AI
AI 市场洞察
AI interpretation
deepseek-v4-pro · AI-generated
市场情绪
The IPO for 瑞昌国际控股 saw a subscription ratio of 19.24x, indicating moderate retail demand but far from the extreme oversubscription often seen in hot Hong Kong IPOs. A hit rate of 41.85% meant nearly half of applicants received allocations, which is relatively high and suggests the offer was not overwhelmingly contested. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
申购档位分析
The provided data does not include tier-level application breakdowns, so it is not possible to analyze distribution anomalies or broker fee efficiency across tiers. Investors should consult the final allocation results from the registrar for any tier-specific patterns. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
申购人群画像
No demographic details such as mainland vs. Hong Kong participation rates or regional concentrations were available in this dataset. The total number of holders is recorded as zero, indicating incomplete data submission. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
