IPO Timeline Raw facts
Broker Deadline
2025-01-06
Morning deadline
HKEX Deadline
2025-01-06
Noon deadline
Broker Results (T-2)
2025-01-07
Some brokers release in afternoon
Grey Market (T-1)
2025-01-08
Afternoon
HKEX Allotment (T-1)
2025-01-08
Evening
Registrar Allotment (T-1)
2025-01-08
Evening
Listing Day (T)
2025-01-09
First day of trading
Company Overview
| Stock Name | Conch Mat Tech |
|---|---|
| Stock Code | 02560 |
| Company Full Name | Anhui Conch Material Technology Co., Ltd. |
| Industry | 原材料 |
| Principal Activities | 公司是一家生產及銷售水泥外加劑、混凝土外加劑及其相關上游原材料的精細化工材料供應商。 |
| Listing Date | 2025-01-09 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國安徽省蕪湖市皖江江北新興產業集中區通江大道南側150米江北新區建設指揮部G區1-301號 |
| 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.conchmst.com/ |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2980 1333 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 3.30 / 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 | 2024-12-31 to 2025-01-06 |
| 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) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 69.9% |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 130,479,000 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 1,000 | HK$ 3,300 |
| 2 lots | 2,000 | HK$ 6,600 |
| 3 lots | 3,000 | HK$ 9,900 |
| 4 lots | 4,000 | HK$ 13,200 |
| 5 lots | 5,000 | HK$ 16,500 |
| 6 lots | 6,000 | HK$ 19,800 |
| 7 lots | 7,000 | HK$ 23,100 |
| 8 lots | 8,000 | HK$ 26,400 |
| 9 lots | 9,000 | HK$ 29,700 |
| 10 lots | 10,000 | HK$ 33,000 |
| 15 lots | 15,000 | HK$ 49,500 |
| 20 lots | 20,000 | HK$ 66,000 |
| 25 lots | 25,000 | HK$ 82,500 |
| 30 lots | 30,000 | HK$ 99,000 |
| 35 lots | 35,000 | HK$ 115,500 |
| 40 lots | 40,000 | HK$ 132,000 |
| 45 lots | 45,000 | HK$ 148,500 |
| 50 lots | 50,000 | HK$ 165,000 |
| 60 lots | 60,000 | HK$ 198,000 |
| 70 lots | 70,000 | HK$ 231,000 |
| 80 lots | 80,000 | HK$ 264,000 |
| 90 lots | 90,000 | HK$ 297,000 |
| 100 lots | 100,000 | HK$ 330,000 |
| 200 lots | 200,000 | HK$ 660,000 |
| 300 lots | 300,000 | HK$ 990,000 |
| 400 lots | 400,000 | HK$ 1,320,000 |
| 500 lots | 500,000 | HK$ 1,650,000 |
| 600 lots | 600,000 | HK$ 1,980,000 |
| 700 lots | 700,000 | HK$ 2,310,000 |
| 800 lots | 800,000 | HK$ 2,640,000 |
| 900 lots | 900,000 | HK$ 2,970,000 |
| 1,000 lots | 1,000,000 | HK$ 3,300,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 2,000,000 | HK$ 6,600,000 |
| 3,000 lots | 3,000,000 | HK$ 9,900,000 |
| 7,249 lots | 7,249,000 | HK$ 23,921,700 |
Stock Connect Inclusion
| HK Market Cap | HK$ 329.2M |
|---|
| 26Q2 Regular Review | |
| Inclusion Pathway | Small Cap Regular Path |
|---|---|
| Est. Threshold | HK$ 10.47B Market cap gap 97% |
| Analysis Result | Market cap below threshold (gap 97%) |
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 | ~HK$ 39,000,000 |
| Listing Expenses / Funds Raised | ~8.5% |
| Total Pre-IPO Investment | RMB 197.89 million |
First Day Performance
| First Day Close | HK$ 1.57 |
|---|---|
| First Day Open | HK$ 1.8 |
| First Day Change | -42.00% |
| First Day Volume | 49011000.0 |
| First Day Turnover | 86807300.0 |
Use of Proceeds
| Use of Proceeds | 1、約35.0%或146.2百萬港元將用于優化公司產能，同時有效擴大公司在中國及若干海外國家的地理覆蓋范圍； 2、約10.0%或41.8百萬港元將用于實施營銷計劃； 3、約15.0%或62.6百萬港元將用于投入更多資源到公司的研發計劃中； 4、約15.0%或62.6百萬港元將用于償還部分銀行貸款； 5、約15.0%或62.6百萬港元將用于收購或成立合資公司； 6、約10.0%或41.8百萬港元將用作營運資金和其他一般企業用途。 |
|---|
Underwriting Syndicate
Sole Sponsor (1)
China Securities (International) Corporate Finance Company Limited CE BAU112
Overall Coordinators (6)
China Securities (International) Corporate Finance Company Limited CE BAU112
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459
BOCI ASIA LIMITED CE AET863
ABCI Securities Company Limited CE ACX411
ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299
VICTORY SECURITIES COMPANY LIMITED CE ABN091
Joint Bookrunners (18)
China Securities (International) Corporate Finance Company Limited CE BAU112
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459
BOCI ASIA LIMITED CE AET863
ABCI Securities Company Limited CE ACX411
ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299
VICTORY SECURITIES COMPANY LIMITED CE ABN091
SHENWAN HONGYUAN SECURITIES (H.K.) LIMITED CE AAC927
CCB International Capital Limited CE AJO225
HAITONG INTERNATIONAL SECURITIES COMPANY LIMITED CE AAF806
STAR RIVER SECURITIES LIMITED CE BJG526
GUOYUAN SECURITIES BROKERAGE (HONG KONG) LIMITED CE AOA594
Orient Securities (Hong Kong) Limited CE AVD362
SPDB International Capital Limited CE BFZ375
CHINA INDUSTRIAL SECURITIES INTERNATIONAL CAPITAL LIMITED CE BAK956
BOCOM International Securities Limited CE APJ121
Fosun International Securities Limited CE AAF432
China Sunrise Securities (International) Limited CE AFS030
Hong Tai Securities Limited CE BJK437
Joint Lead Managers (18)
China Securities (International) Corporate Finance Company Limited CE BAU112
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459
BOCI ASIA LIMITED CE AET863
ABCI Securities Company Limited CE ACX411
ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299
VICTORY SECURITIES COMPANY LIMITED CE ABN091
SHENWAN HONGYUAN SECURITIES (H.K.) LIMITED CE AAC927
CCB International Capital Limited CE AJO225
HAITONG INTERNATIONAL SECURITIES COMPANY LIMITED CE AAF806
STAR RIVER SECURITIES LIMITED CE BJG526
GUOYUAN SECURITIES BROKERAGE (HONG KONG) LIMITED CE AOA594
Orient Securities (Hong Kong) Limited CE AVD362
SPDB International Capital Limited CE BFZ375
CHINA INDUSTRIAL SECURITIES INTERNATIONAL CAPITAL LIMITED CE BAK956
BOCOM International Securities Limited CE APJ121
Fosun International Securities Limited CE AAF432
China Sunrise Securities (International) Limited CE AFS030
Hong Tai Securities Limited CE BJK437
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | SCGC资本控股有限公司 | 47,109,000 HKD | — | 10.83% | — | 6 months | 2025-07-09 |
| 2 | 安徽盛昌化工有限公司 | 70,026,000 HKD | — | 16.10% | — | 6 months | 2025-07-09 |
| 3 | 广东纵行科技有限公司 | 20,268,000 HKD | — | 4.66% | — | 6 months | 2025-07-09 |
| 4 | 国轩高科股份有限公司 | 52,629,000 HKD | — | 12.10% | — | 6 months | 2025-07-09 |
| 5 | 深圳高灯计算机科技有限公司 | 61,053,000 HKD | — | 14.04% | — | 6 months | 2025-07-09 |
| 6 | 芜湖阿泰克生物科技有限公司 | 53,025,000 HKD | — | 12.19% | — | 6 months | 2025-07-09 |
Directors & Management
| Chairman | 丁鋒 |
|---|---|
| Company Secretary | 孫華東,陳曦 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 安徽海螺科創材料有限責任公司(36.47%),湖北鑫統領股權投資有限公司(18.07%),臨沂海宏新型材料科技有限公司(12.65%) |
|---|
AI
AI 市场洞察
AI interpretation
deepseek-v4-pro · AI-generated
市场情绪
The IPO saw a 25.83x oversubscription, indicating steady retail demand. The overall hit rate of 81.66% is quite high, suggesting allocations were relatively accessible. Pricing at HK$3.00 likely attracted broad interest. (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
A-tail applicants applying for 1,000,000 shares and B-head applicants applying for 2,000,000 shares both expected only 1 lot each, an extremely inefficient allocation. This near-zero return for larger subscriptions means the marginal cost of scaling up is wasted, creating a severe tier anomaly. (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
Mainland China participation was dominant at 86.4%, reflecting strong cross-border interest. The investor base is mostly male (58.1%) with an average age of 43.3 years, showing a mature retail demographic. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
