IPO Timeline Raw facts
Company Overview
| Stock Name | Saint Bella GP |
|---|---|
| Stock Code | 02508 |
| Company Full Name | Saint Bella Group Limited |
| Industry | 居民服務 |
| Principal Activities | 公司是中國領先的產后護理和修復集團，還提供家庭護理服務和滿足女性需求的食品。 |
| Listing Date | 2025-06-26 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國浙江省杭州市蕭山區建設二路666號信息港六期6幢1層 |
| 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.saintbella.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$ 6.58 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 500 shares |
| Entry Threshold | HK$ 3,290 |
| Par Value | To be extracted |
| Offer Period | 2025-06-18 to 2025-06-23 |
| Global Offering Shares | 109,733,000 shares |
| 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) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 51.7% |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 722,043,140 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 500 | HK$ 3,290 |
| 2 lots | 1,000 | HK$ 6,580 |
| 3 lots | 1,500 | HK$ 9,870 |
| 4 lots | 2,000 | HK$ 13,160 |
| 5 lots | 2,500 | HK$ 16,450 |
| 6 lots | 3,000 | HK$ 19,740 |
| 7 lots | 3,500 | HK$ 23,030 |
| 8 lots | 4,000 | HK$ 26,320 |
| 9 lots | 4,500 | HK$ 29,610 |
| 10 lots | 5,000 | HK$ 32,900 |
| 12 lots | 6,000 | HK$ 39,480 |
| 14 lots | 7,000 | HK$ 46,060 |
| 16 lots | 8,000 | HK$ 52,640 |
| 18 lots | 9,000 | HK$ 59,220 |
| 20 lots | 10,000 | HK$ 65,800 |
| 30 lots | 15,000 | HK$ 98,700 |
| 40 lots | 20,000 | HK$ 131,600 |
| 50 lots | 25,000 | HK$ 164,500 |
| 60 lots | 30,000 | HK$ 197,400 |
| 70 lots | 35,000 | HK$ 230,300 |
| 80 lots | 40,000 | HK$ 263,200 |
| 90 lots | 45,000 | HK$ 296,100 |
| 100 lots | 50,000 | HK$ 329,000 |
| 120 lots | 60,000 | HK$ 394,800 |
| 140 lots | 70,000 | HK$ 460,600 |
| 160 lots | 80,000 | HK$ 526,400 |
| 180 lots | 90,000 | HK$ 592,200 |
| 200 lots | 100,000 | HK$ 658,000 |
| 400 lots | 200,000 | HK$ 1,316,000 |
| 600 lots | 300,000 | HK$ 1,974,000 |
| 800 lots | 400,000 | HK$ 2,632,000 |
| 1,000 lots | 500,000 | HK$ 3,290,000 |
| 1,200 lots | 600,000 | HK$ 3,948,000 |
| 1,400 lots | 700,000 | HK$ 4,606,000 |
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,600 lots | 800,000 | HK$ 5,264,000 |
| 1,800 lots | 900,000 | HK$ 5,922,000 |
| 2,000 lots | 1,000,000 | HK$ 6,580,000 |
| 4,000 lots | 2,000,000 | HK$ 13,160,000 |
| 6,000 lots | 3,000,000 | HK$ 19,740,000 |
| 9,542 lots | 4,771,000 | HK$ 31,393,180 |
Stock Connect Inclusion Analysis
| 26Q4 Regular Review | |
| Inclusion Pathway | Regular Path |
|---|---|
| HK Market Cap | HK$ 2.19B |
| Est. Threshold | HK$ 9.44B |
| Analysis Result | HK market cap below threshold, need +331% |
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 | To be extracted |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | HK$ 8.8 |
|---|---|
| First Day Open | HK$ 8.45 |
| First Day Change | 33.74% |
| First Day Volume | 94418200.0 |
| First Day Turnover | 828333000.0 |
| Use of Proceeds | 1、約29%或157.6百萬港元將用于擴展產后護理網絡、于公司已進駐的城市及對公司而言的新城市開設新的月子中心以及整合競爭對手；
2、約37%或202.6百萬港元將用于推出新服務及產品，以擴展全面的品類滿足客戶的生命周期需求；
3、約6%或35.0百萬港元將用于培訓專業家庭護理專家；
4、約18%或97.6百萬港元將用于研發活動；
5、約9%或47.8百萬港元將用作營運資金及其他一般企業用途。 |
Underwriting Syndicate
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | GIMM Holding Limited | 49,998,130 HKD | — | 7.96% | — | 6 months | 2025-12-26 |
| 2 | JKKB Limited | 101,990,000 HKD | — | 16.24% | — | 6 months | 2025-12-26 |
| 3 | SS Morgan Capital Limited | 47,086,480 HKD | — | 7.50% | — | 6 months | 2025-12-26 |
| 4 | 华夏基金(香港)有限公司 | 31,389,890 HKD | — | 5.00% | — | 6 months | 2025-12-26 |
| 5 | 敏睿商务咨询有限公司 | 31,389,890 HKD | — | 5.00% | — | 6 months | 2025-12-26 |
| 6 | 汪牵擎 | 54,936,420 HKD | — | 8.75% | — | 6 months | 2025-12-26 |
| 7 | 吴启楠 | 7,846,650 HKD | — | 1.25% | — | 6 months | 2025-12-26 |
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman | 向華 | — |
| Company Secretary | 高忠坤,胡倩銣 | — |
Major Shareholders
| Major Shareholders & Holdings | Primecare International Holdings Limited(32.1%),Primecare Investment Alpha Holdings Limited(10.0%) |
|---|
Market Sentiment
The IPO was heavily oversubscribed at 193x, indicating strong market demand. With an overall hit rate of 27.79%, only about one in four applicants received an allocation, suggesting intense competition. The final offer price of HK$6.58 was set, but no price range is available to assess pricing dynamics. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A significant tier anomaly is observed: A尾 applicants had an expected allocation of just 0.094 lots per application, while 乙头 applicants saw 0.8997 lots, a nearly tenfold jump. This implies that the A尾 tier was extremely crowded, making it highly inefficient compared to the relatively richer allocation of the first B-tier. Broker fee efficiency would be markedly worse for A尾 given the minimal allocation. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
The provided data lacks a demographic breakdown, with all holder and participation percentages set to zero. Consequently, no insights on mainland China participation, gender, age, or regional distribution are available. Typically, Hong Kong IPOs attract significant mainland interest, but this cannot be confirmed for this listing. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
