| Stock Name | Soft Intl |
|---|---|
| Stock Code | 02569 |
| Company Full Name | Soft International Group Ltd. |
| Industry | 個人護理 |
| Principal Activities | 公司主要在中國從事個人一次性使用衛生用品（如嬰童護理、女性護理及成人失禁用品）開發、生產及銷售，專注于歐亞大陸新興市場的嬰童護理類用品。 |
| Listing Date | 2025-03-27 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國福建省泉州市晉江市經濟開發區(食品園)智造大道 |
| 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.insoftb.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 Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 0.51 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | To be extracted |
| Offer Period | 2025-03-19 to 2025-03-24 |
| 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 | No cornerstone investors |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 63,750,000 |
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 5,000 | HK$ 2,550 |
| 2 lots | 10,000 | HK$ 5,100 |
| 3 lots | 15,000 | HK$ 7,650 |
| 4 lots | 20,000 | HK$ 10,200 |
| 5 lots | 25,000 | HK$ 12,750 |
| 6 lots | 30,000 | HK$ 15,300 |
| 7 lots | 35,000 | HK$ 17,850 |
| 8 lots | 40,000 | HK$ 20,400 |
| 9 lots | 45,000 | HK$ 22,950 |
| 10 lots | 50,000 | HK$ 25,500 |
| 12 lots | 60,000 | HK$ 30,600 |
| 14 lots | 70,000 | HK$ 35,700 |
| 16 lots | 80,000 | HK$ 40,800 |
| 18 lots | 90,000 | HK$ 45,900 |
| 20 lots | 100,000 | HK$ 51,000 |
| 30 lots | 150,000 | HK$ 76,500 |
| 40 lots | 200,000 | HK$ 102,000 |
| 50 lots | 250,000 | HK$ 127,500 |
| 60 lots | 300,000 | HK$ 153,000 |
| 70 lots | 350,000 | HK$ 178,500 |
| 80 lots | 400,000 | HK$ 204,000 |
| 90 lots | 450,000 | HK$ 229,500 |
| 100 lots | 500,000 | HK$ 255,000 |
| 120 lots | 600,000 | HK$ 306,000 |
| 140 lots | 700,000 | HK$ 357,000 |
| 160 lots | 800,000 | HK$ 408,000 |
| 180 lots | 900,000 | HK$ 459,000 |
| 200 lots | 1,000,000 | HK$ 510,000 |
| 400 lots | 2,000,000 | HK$ 1,020,000 |
| 600 lots | 3,000,000 | HK$ 1,530,000 |
| 800 lots | 4,000,000 | HK$ 2,040,000 |
| 1,000 lots | 5,000,000 | HK$ 2,550,000 |
| 1,200 lots | 6,000,000 | HK$ 3,060,000 |
| 1,400 lots | 7,000,000 | HK$ 3,570,000 |
| 1,600 lots | 8,000,000 | HK$ 4,080,000 |
| 1,800 lots | 9,000,000 | HK$ 4,590,000 |
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 10,000,000 | HK$ 5,100,000 |
| 2,200 lots | 11,000,000 | HK$ 5,610,000 |
| 2,500 lots | 12,500,000 | HK$ 6,375,000 |
| HK Market Cap | HK$ 1.03B |
|---|
| 26Q2 Regular Review | |
| Inclusion Pathway | Small Cap Regular Path |
|---|---|
| Est. Threshold | HK$ 10.47B Market cap gap 90% |
| Analysis Result | Market cap below threshold (gap 90%) |
| 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 63 million |
| Listing Expenses | ~HK$ 41,500,000 |
| Listing Expenses / Funds Raised | ~30.2% |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | HK$ 0.67 |
|---|---|
| First Day Open | HK$ 0.49 |
| First Day Change | 31.37% |
| First Day Volume | 272546000.0 |
| First Day Turnover | 169663000.0 |
| Use of Proceeds | 1、約29.2%或約28.0百萬港元（相當于約人民幣25.5百萬元）用作購入機器以成立新嬰童護理用品及女性護理用品生產線； 2、約26.0%或約25.0百萬港元（相當于約人民幣22.8百萬元）用作購入機器以成立兩條新無紡布生產線； 3、約17.1%或約16.4百萬港元（相當于約人民幣14.9百萬元）用作加強品牌、營銷及推廣活動； 4、約17.7%或約17.0百萬港元（相當于約人民幣15.5百萬元）用于倉庫升級改造及IT基礎設施投資； 5、約10.0%或約9.6百萬港元（相當于約人民幣8.8百萬元）用作一般營運資金。 |
|---|
| Chairman | 顏培坤 |
|---|---|
| Company Secretary | 顏嘉瑋,黃寶琳 |
| Major Shareholders & Holdings | Softo Co., Ltd(44.21%),Wish International Holding Ltd(12.00%),Galaxey International Holdings Ltd(11.29%) |
|---|
市场情绪
The IPO saw robust demand with an oversubscription ratio of 167.09 times, yet the overall hit rate reached a relatively high 55.22%, reflecting reallocation that boosted public allocation despite strong interest. The final offer price was fixed at HK$0.51, indicating either pricing conservatism or lack of upward flexibility in the range. (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
At the tier boundary, the expected lots for the last A-tier (甲尾) application of 8 million shares stood at 0.84 lots, barely below the 1.0 lot expected for the first B-tier (乙头) application of 9 million shares, indicating a marginal benefit for moving to the B-tier. Such narrow gap suggests inefficiency, where the higher capital required for B-tier barely improves allocation certainty, potentially making A-tail more broker-fee efficient. (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 Chinese applicants dominated at 86% of total holders, highlighting strong cross-border retail participation, while Hong Kong residents made up only 13.9%. The gender split showed 66.4% male and 33.6% female, with an average age of 41.8, typical of Hong Kong IPO retail demographics. No regional breakdown was provided, but Guangdong often leads in mainland participation. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
