| Other Listed Market | Shanghai (SSE) — 南山铝业 |
|---|---|
| Other Market Stock Code | 600219 |
| H-Share Offer Price | To be extracted |
| Other Market Price | Loading... |
| Reference Exchange Rate | Loading... |
| H-Share Offer Price Premium/Discount vs Other Market | Loading... |
| Stock Name | Nanshan Al Intl |
|---|---|
| Stock Code | 02610 |
| Company Full Name | Nanshan Aluminium International Holdings Limited |
| Industry | 一般金屬 |
| Principal Activities | 公司是東南亞一家氧化鋁制造商，致力于不斷加強在該地區的市場地位。 |
| Listing Date | 2025-03-25 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 香港金鐘道89號力寶中心一座11樓1101室 |
| 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.nanshanintl.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$ 26.60 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | To be extracted |
| Offer Period | 2025-03-17 to 2025-03-20 |
| 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 | 39.8% |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 234,707,760 |
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 2,660 |
| 2 lots | 200 | HK$ 5,320 |
| 3 lots | 300 | HK$ 7,980 |
| 4 lots | 400 | HK$ 10,640 |
| 5 lots | 500 | HK$ 13,300 |
| 6 lots | 600 | HK$ 15,960 |
| 7 lots | 700 | HK$ 18,620 |
| 8 lots | 800 | HK$ 21,280 |
| 9 lots | 900 | HK$ 23,940 |
| 10 lots | 1,000 | HK$ 26,600 |
| 15 lots | 1,500 | HK$ 39,900 |
| 20 lots | 2,000 | HK$ 53,200 |
| 25 lots | 2,500 | HK$ 66,500 |
| 30 lots | 3,000 | HK$ 79,800 |
| 35 lots | 3,500 | HK$ 93,100 |
| 40 lots | 4,000 | HK$ 106,400 |
| 45 lots | 4,500 | HK$ 119,700 |
| 50 lots | 5,000 | HK$ 133,000 |
| 60 lots | 6,000 | HK$ 159,600 |
| 70 lots | 7,000 | HK$ 186,200 |
| 80 lots | 8,000 | HK$ 212,800 |
| 90 lots | 9,000 | HK$ 239,400 |
| 100 lots | 10,000 | HK$ 266,000 |
| 200 lots | 20,000 | HK$ 532,000 |
| 300 lots | 30,000 | HK$ 798,000 |
| 400 lots | 40,000 | HK$ 1,064,000 |
| 500 lots | 50,000 | HK$ 1,330,000 |
| 600 lots | 60,000 | HK$ 1,596,000 |
| 700 lots | 70,000 | HK$ 1,862,000 |
| 800 lots | 80,000 | HK$ 2,128,000 |
| 900 lots | 90,000 | HK$ 2,394,000 |
| 1,000 lots | 100,000 | HK$ 2,660,000 |
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 200,000 | HK$ 5,320,000 |
| 3,000 lots | 300,000 | HK$ 7,980,000 |
| 4,000 lots | 400,000 | HK$ 10,640,000 |
| 5,000 lots | 500,000 | HK$ 13,300,000 |
| 6,000 lots | 600,000 | HK$ 15,960,000 |
| 7,000 lots | 700,000 | HK$ 18,620,000 |
| 10,000 lots | 1,000,000 | HK$ 26,600,000 |
| HK Market Cap | HK$ 28.3B |
|---|---|
| Analysis Result | Already included in Stock Connect (both, shenzhen, shanghai) |
| 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$ 132,800,000 |
| Listing Expenses / Funds Raised | ~5.2% |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | HK$ 25.25 |
|---|---|
| First Day Open | HK$ 26.6 |
| First Day Change | -5.08% |
| First Day Volume | 12882800.0 |
| First Day Turnover | 340664000.0 |
| Use of Proceeds | 1、約90%（約2,187.4百萬港元）將用于在印尼廖內群島省民丹島經濟特區的氧化鋁生產項目的開發與建設，以通過新氧化鋁生產項目將氧化鋁產能進一步擴大至合共四百萬噸氧化鋁； 2、約10%（約243.0百萬港元）將用于為一般營運資金提供資金。 |
|---|
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Glencore International AG | 388,389,260 HKD | — | 16.55% | — | 6 months | 2025-09-25 |
| 2 | PT Indika Energy Tbk. | 77,672,000 HKD | — | 3.31% | — | 6 months | 2025-09-25 |
| 3 | 瑞中国际工业设备(香港)有限公司 | 79,999,500 HKD | — | 3.41% | — | 6 months | 2025-09-25 |
| 4 | 香港拓威贸易有限公司 | 388,564,820 HKD | — | 16.56% | — | 6 months | 2025-09-25 |
| Chairman | 郝維松 |
|---|---|
| Company Secretary | 梁家康 |
| Major Shareholders & Holdings | Nanshan Aluminium Investment Holding Limited(60.09%),齊力國際資源(香港)有限公司(21.75%) |
|---|
市场情绪
The IPO saw a modest oversubscription ratio of 3.89x, indicating mild retail demand without triggering any clawback. All 12,791 valid applications received at least one lot, resulting in a 100% hit rate, which reflects an accessible allocation. The final offer price of HKD 26.6 was set without noted deviation from the range, suggesting stable pricing dynamics. (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-tier tail (applied HKD 100,000) and B-tier head (applied HKD 200,000) both received an expected allocation of only 1 lot, showing no incremental benefit for crossing the tier threshold. This compressed allocation curve implies extreme lot-by-lot distribution, making larger applications in these tiers cost-inefficient when factoring in broker fees and margin costs. The flat 1-lot outcome for B-head applicants highlights an unusual inefficiency compared to typical step-up allocations. (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 investors dominated the applicant pool at 81.4%, signaling strong cross-border interest in this aluminum industry listing. The gender split skewed male at 67.2%, with an average investor age of 41.7, reflecting a mature, male-skewed participation profile. No regional breakdown is available, but high mainland concentration often correlates with Guangdong-based demand. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
