IPO Timeline Raw facts
Broker Deadline
2023-12-21
Morning deadline
HKEX Deadline
2023-12-21
Noon deadline
Broker Results (T-2)
2023-12-26
Some brokers release in afternoon
Grey Market (T-1)
2023-12-27
Afternoon
HKEX Allotment (T-1)
2023-12-27
Evening
Registrar Allotment (T-1)
2023-12-27
Evening
Listing Day (T)
2023-12-28
First day of trading
Company Overview
| Stock Name | Batelab |
|---|---|
| Stock Code | 02149 |
| Company Full Name | BaTeLab Co., Ltd. |
| Industry | 工業制造 |
| Principal Activities | 公司是于中國享有重要市場地位的模擬IC圖案晶圓提供商之一。 |
| Listing Date | 2023-12-28 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國江蘇省蘇州高新區科技城濟慈路150號1幢 |
| Business Address (Hong Kong) | To be extracted |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | http://www.batelab.com/ |
| 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$ 38.45 / shares |
| Offer Price Range | Final offer price only, no range |
| 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) | China International Capital Corporation Hong Kong Securities Limited CE AEN894 |
| Cornerstone Share | No cornerstone investors |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 41,205,000 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 3,845 |
| 2 lots | 200 | HK$ 7,690 |
| 3 lots | 300 | HK$ 11,535 |
| 4 lots | 400 | HK$ 15,380 |
| 5 lots | 500 | HK$ 19,225 |
| 6 lots | 600 | HK$ 23,070 |
| 7 lots | 700 | HK$ 26,915 |
| 8 lots | 800 | HK$ 30,760 |
| 9 lots | 900 | HK$ 34,605 |
| 10 lots | 1,000 | HK$ 38,450 |
| 15 lots | 1,500 | HK$ 57,675 |
| 20 lots | 2,000 | HK$ 76,900 |
| 25 lots | 2,500 | HK$ 96,125 |
| 30 lots | 3,000 | HK$ 115,350 |
| 35 lots | 3,500 | HK$ 134,575 |
| 40 lots | 4,000 | HK$ 153,800 |
| 45 lots | 4,500 | HK$ 173,025 |
| 50 lots | 5,000 | HK$ 192,250 |
| 60 lots | 6,000 | HK$ 230,700 |
| 70 lots | 7,000 | HK$ 269,150 |
| 80 lots | 8,000 | HK$ 307,600 |
| 90 lots | 9,000 | HK$ 346,050 |
| 100 lots | 10,000 | HK$ 384,500 |
| 150 lots | 15,000 | HK$ 576,750 |
| 200 lots | 20,000 | HK$ 769,000 |
| 250 lots | 25,000 | HK$ 961,250 |
| 300 lots | 30,000 | HK$ 1,153,500 |
| 400 lots | 40,000 | HK$ 1,538,000 |
| 500 lots | 50,000 | HK$ 1,922,500 |
| 600 lots | 60,000 | HK$ 2,307,000 |
| 1,000 lots | 100,000 | HK$ 3,845,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 3,000 lots | 300,000 | HK$ 11,535,000 |
Stock Connect Inclusion
| HK Market Cap | HK$ 824.5M |
|---|
| 26Q2 Regular Review | |
| Inclusion Pathway | Small Cap Regular Path |
|---|---|
| Est. Threshold | HK$ 10.47B Market cap gap 92% |
| Analysis Result | Market cap below threshold (gap 92%) |
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 162.51 million |
| Listing Expenses | ~HK$ 65,200,000 |
| Listing Expenses / Funds Raised | ~13.2% |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | HK$ 22.7 |
|---|---|
| First Day Open | HK$ 25.05 |
| First Day Change | -17.36% |
| First Day Volume | 1734000.0 |
| First Day Turnover | 42870100.0 |
Use of Proceeds
| Use of Proceeds | 1、約30%（或128.8百萬港元）預期將用于提升公司的研發及創新能力； 2、約30%（或128.9百萬港元）預期將用于進一步豐富公司的產品組合及拓展業務； 3、約10%（或42.9百萬港元）預期將用于擴大公司的客戶群及加強與客戶的關系； 4、約20%（或85.8百萬港元）預期將用于戰略性投資及╱或收購，以實現公司的長期增長戰略； 5、約10%（或42.8百萬港元）預期將用于營運資金及一般公司用途。 |
|---|
Underwriting Syndicate
Sole Sponsor (1)
China International Capital Corporation Hong Kong Securities Limited CE AEN894(sole)
Overall Coordinators (1)
China International Capital Corporation Hong Kong Securities Limited CE AEN894(sole)
Joint Global Coordinators (5)
Joint Bookrunners (8)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459
CMB International Capital Limited CE AVM940
广发证券（香港）经纪有限公司 CE AOB364
GUOTAI JUNAN SECURITIES (HONG KONG) LIMITED CE ABY236
ABCI CAPITAL LIMITED CE AWL249
ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299
Soochow Securities International Brokerage Limited CE AYA587
Joint Lead Managers (13)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459
CMB International Capital Limited CE AVM940
广发证券（香港）经纪有限公司 CE AOB364
GUOTAI JUNAN SECURITIES (HONG KONG) LIMITED CE ABY236
ABCI Securities Company Limited CE ACX411
ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299
Soochow Securities International Brokerage Limited CE AYA587
Tiger Brokers (HK) Global Limited CE BMU940
Futu Securities International (Hong Kong) Limited CE AZT137
SILVERBRICKS SECURITIES COMPANY LIMITED CE BLN458
VALUABLE CAPITAL LIMITED CE AUL711
Livermore Holdings Limited CE BJN764
Stabilizing Manager (1)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
Sidley Austin King & Wood |
| Legal Advisor to Sponsors/Underwriters |
贝克•麦坚时律师事务所 环球律师事务所 |
| Auditor and Reporting Accountant | 毕马威会计师事务所 |
| Receiving Banks |
CMB Wing Lung Bank Limited 中国工商银行（亚洲）有限公司 |
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
| Chairman | 張廣平 |
|---|---|
| Company Secretary | 李一,鐘明輝 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 蘇州貝克瓦特電子有限公司(14.59%);蘇州貝克瓦特投資合伙企業(有限合伙)(8.97%) |
|---|
AI
AI 市场洞察
AI interpretation
deepseek-v4-pro · AI-generated
市场情绪
The IPO saw a moderate oversubscription ratio of 1.34x and a high hit rate of 83.47%, indicating limited retail fervor. With 2,475 accepted applications out of 2,965, most applicants received shares, typical of a less competitive issue. (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 A-tail (100k shares applied) and B-head (300k shares applied) both resulted in an expected 1.0 lot allocation, creating a tier parity that erodes the incentive for larger applications. This equal allocation suggests an inefficient tier structure where higher commitment yields no extra benefit, potentially influencing broker fee efficiency comparisons. (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
Demographic participation data is missing from this dataset, with mainland and HK holder percentages both reported as zero. This absence prevents any analysis of geographic or gender distribution trends. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
