IPO Timeline Raw facts
Broker Deadline
Morning deadline
HKEX Deadline
Noon deadline
Broker Results (T-2)
Some brokers release in afternoon
Grey Market (T-1)
Afternoon
HKEX Allotment (T-1)
Evening
Registrar Allotment (T-1)
Evening
Listing Day (T)
First day of trading
Cross-Market Price Comparison
| Other Listed Market | Shenzhen (SZSE) |
|---|---|
| Other Market Stock Code | 300568 |
| H-Share Offer Price | HK$ 8.98 |
| Other Market Price | Loading... |
| Reference Exchange Rate | Loading... |
| H-Share Offer Price Premium/Discount vs Other Market | Loading... |
Company Overview
| Stock Name | Senior Material |
|---|---|
| Stock Code | 06067 |
| Company Full Name | Shenzhen Senior Technology Material Co., Ltd. |
| Industry | New Energy |
| Principal Activities | We are a manufacturer of lithium-ion battery separators, founded in 2003, and have accumulated over 20 years of industry experience in the research and development, production and sales of lithium-ion battery separators. As a core component of lithium-ion batteries, the separator prevents contact between electrodes and facilitates ion conduction. We provide dry-process separators, wet-process separators and coated separators, serving the fields of transportation vehicles, energy storage facilities, consumer electronics products and industrial machinery. |
| Listing Date | 2026-06-23 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 廣東省深圳市光明區公明街道田園路 |
| Business Address (Hong Kong) | 香港銅鑼灣勿地臣街1號時代廣場二座31樓 |
| Place of Incorporation | China |
| Listing Method | Global Offering |
| Listing Board | Main Board |
| Website | senior798.com |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | 香港中央證券登記有限公司，香港灣仔皇后大道東183號合和中心17樓1712-1716號舖 |
| A-Share/US Dual Listing | Yes (A股) |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 8.98 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 500 shares |
| Entry Threshold | HK$ 4,490 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-06-12 to 2026-06-17 |
| Global Offering Shares | 149,523,500 shares |
| HK Public Offer Shares (Initial) | 14,952,500 shares (10.0%) |
| Public Offer Lots (Initial) | 29,905lots (Pool A14,952lots，Pool B14,953lots) |
| International Placing Shares (Initial) | 134,571,000 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 1,495,234,139 shares |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 45.1% |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 1,342,721,030 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 500 | HK$ 4,490 |
| 2 lots | 1,000 | HK$ 8,980 |
| 3 lots | 1,500 | HK$ 13,470 |
| 4 lots | 2,000 | HK$ 17,960 |
| 5 lots | 2,500 | HK$ 22,450 |
| 6 lots | 3,000 | HK$ 26,940 |
| 7 lots | 3,500 | HK$ 31,430 |
| 8 lots | 4,000 | HK$ 35,920 |
| 9 lots | 4,500 | HK$ 40,410 |
| 10 lots | 5,000 | HK$ 44,900 |
| 12 lots | 6,000 | HK$ 53,880 |
| 14 lots | 7,000 | HK$ 62,860 |
| 16 lots | 8,000 | HK$ 71,840 |
| 18 lots | 9,000 | HK$ 80,820 |
| 20 lots | 10,000 | HK$ 89,800 |
| 40 lots | 20,000 | HK$ 179,600 |
| 60 lots | 30,000 | HK$ 269,400 |
| 80 lots | 40,000 | HK$ 359,200 |
| 100 lots | 50,000 | HK$ 449,000 |
| 120 lots | 60,000 | HK$ 538,800 |
| 140 lots | 70,000 | HK$ 628,600 |
| 160 lots | 80,000 | HK$ 718,400 |
| 180 lots | 90,000 | HK$ 808,200 |
| 200 lots | 100,000 | HK$ 898,000 |
| 400 lots | 200,000 | HK$ 1,796,000 |
| 600 lots | 300,000 | HK$ 2,694,000 |
| 800 lots | 400,000 | HK$ 3,592,000 |
| 1,000 lots | 500,000 | HK$ 4,490,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 1,000,000 | HK$ 8,980,000 |
| 3,000 lots | 1,500,000 | HK$ 13,470,000 |
| 4,000 lots | 2,000,000 | HK$ 17,960,000 |
| 5,000 lots | 2,500,000 | HK$ 22,450,000 |
| 6,000 lots | 3,000,000 | HK$ 26,940,000 |
| 7,000 lots | 3,500,000 | HK$ 31,430,000 |
| 8,000 lots | 4,000,000 | HK$ 35,920,000 |
| 9,000 lots | 4,500,000 | HK$ 40,410,000 |
| 10,000 lots | 5,000,000 | HK$ 44,900,000 |
| 11,000 lots | 5,500,000 | HK$ 49,390,000 |
| 12,000 lots | 6,000,000 | HK$ 53,880,000 |
| 14,952 lots | 7,476,000 | HK$ 67,134,480 |
Stock Connect Inclusion Analysis
| HK Market Cap | HK$ 884.7M |
|---|---|
| Analysis Result | Already included in Stock Connect (both) |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 13,427,202,568 |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not disclosed |
| Profit/Loss Status | Net profit RMB 143.1 million |
| Period-End Cash Balance | RMB 1,187.67 million |
| Listing Expenses | ~HK$ 79,900,000 |
| Listing Expenses / Funds Raised | ~5.95% |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | Loading... |
|---|---|
| Use of Proceeds | Approximately 28.0% will be used for research and development of solid-state battery-related products, other functional films and next-generation lithium-ion battery separator products; approximately 27.0% will be used to expand the overseas network, including production bases in Malaysia and the United States; approximately 20.0% will be used to invest in enterprises focused on new battery separator materials and the semiconductor sector; approximately 15.0% will be used to repay fixed asset loans for the Sweden production base; and approximately 10.0% will be used for general working capital and corporate purposes. |
Underwriting Syndicate
Sole Sponsor (1)
中信建投（国际）融资有限公司 CE BAU112(sole)
Sponsor cum Overall Coordinator (1)
中信建投（国际）融资有限公司 CE BAU112(sole)
Overall Coordinators (5)
Joint Global Coordinators (9)
中信建投（国际）融资有限公司 CE BAU112
HUATAI FINANCIAL HOLDINGS (HONG KONG) LIMITED CE AOK809
China International Capital Corporation Hong Kong Securities Limited CE AEN894
ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299
VAST HARBOUR SECURITIES LIMITED CE AWT951
CMBC SECURITIES COMPANY LIMITED CE APU820
JINLUO SECURITIES LIMITED CE BOK354
New Industrial Financial Holdings Limited CE BVZ006
CHINA INDUSTRIAL SECURITIES INTERNATIONAL CAPITAL LIMITED CE BAK956
Joint Bookrunners (11)
中信建投（国际）融资有限公司 CE BAU112
HUATAI FINANCIAL HOLDINGS (HONG KONG) LIMITED CE AOK809
China International Capital Corporation Hong Kong Securities Limited CE AEN894
ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299
VAST HARBOUR SECURITIES LIMITED CE AWT951
CMBC SECURITIES COMPANY LIMITED CE APU820
JINLUO SECURITIES LIMITED CE BOK354
New Industrial Financial Holdings Limited CE BVZ006
CHINA INDUSTRIAL SECURITIES INTERNATIONAL CAPITAL LIMITED CE BAK956
Futu Securities International (HONG KONG) Limited CE AZT137
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
Joint Lead Managers (11)
中信建投（国际）融资有限公司 CE BAU112
HUATAI FINANCIAL HOLDINGS (HONG KONG) LIMITED CE AOK809
China International Capital Corporation Hong Kong Securities Limited CE AEN894
ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299
VAST HARBOUR SECURITIES LIMITED CE AWT951
CMBC SECURITIES COMPANY LIMITED CE APU820
JINLUO SECURITIES LIMITED CE BOK354
New Industrial Financial Holdings Limited CE BVZ006
CHINA INDUSTRIAL SECURITIES INTERNATIONAL CAPITAL LIMITED CE BAK956
Futu Securities International (HONG KONG) Limited CE AZT137
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
Capital Market Intermediaries (11)
中信建投（国际）融资有限公司 CE BAU112
HUATAI FINANCIAL HOLDINGS (HONG KONG) LIMITED CE AOK809
China International Capital Corporation Hong Kong Securities Limited CE AEN894
ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299
VAST HARBOUR SECURITIES LIMITED CE AWT951
CMBC SECURITIES COMPANY LIMITED CE APU820
JINLUO SECURITIES LIMITED CE BOK354
New Industrial Financial Holdings Limited CE BVZ006
CHINA INDUSTRIAL SECURITIES INTERNATIONAL CAPITAL LIMITED CE BAK956
Futu Securities International (HONG KONG) Limited CE AZT137
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
Linklaters 金杜律师事务所 Ashurst Tokyo (Ashurst Horitsu Jimusho Gaikokuho Kyodo Jigyo) PHANG THAM TEOH & CO Wigge & Partners Law KB FRÖBERG & LUNDHOLM ADVOKATBYRÅ AB |
| Legal Advisor to Sponsors/Underwriters |
盛德律师事务所 Zhong Lun Law Firm |
| Auditor and Reporting Accountant | 容诚（香港）会计师事务所有限公司 |
| Industry Advisor | 弗若斯特沙利文（北京）咨询有限公司上海分公司 |
| Compliance Advisor | VAST HARBOUR CORPORATE FINANCE LIMITED CE BJV693 |
| Receiving Banks |
中国工商银行（亚洲）有限公司 中国银行（香港）有限公司 |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 富国 | 8 USD | 6,720,500 | 4.49% | 0.45% | 6 months | 2026-12-23 |
| 2 | 广发基金 | 6 USD | 5,673,000 | 3.79% | 0.38% | 6 months | 2026-12-23 |
| 3 | 泰康人寿 | 6 USD | 5,673,000 | 3.79% | 0.38% | 6 months | 2026-12-23 |
| 4 | Harvest International Premium Value (Secondary Market) Fund SPC代表Harvest Synergy SP行事 | 45 HKD | 4,922,500 | 3.29% | 0.33% | 6 months | 2026-12-23 |
| 5 | 淡水泉（香港） | 50 HKD | 5,567,500 | 3.72% | 0.37% | 6 months | 2026-12-23 |
| 6 | 高腾企业管理及CICC Financial Trading Limited（有关场外交易互换） | 3 USD | 2,618,000 | 1.75% | 0.18% | 6 months | 2026-12-23 |
| 7 | 欣旺达财资 | 20 CNY | 2,560,000 | 1.71% | 0.17% | 6 months | 2026-12-23 |
| 8 | 晶科能源投资 | 40 HKD | 4,454,000 | 2.98% | 0.30% | 6 months | 2026-12-23 |
| 9 | Mondeomax | 100 HKD | 11,024,500 | 7.37% | 0.74% | 6 months | 2026-12-23 |
| 10 | Bona Star | 75 HKD | 8,351,500 | 5.59% | 0.56% | 6 months | 2026-12-23 |
| 11 | 深三和 | 50 HKD | 5,567,500 | 3.72% | 0.37% | 6 months | 2026-12-23 |
| 12 | SHEEN NATION | 3 USD | 2,618,000 | 1.75% | 0.18% | 6 months | 2026-12-23 |
| 13 | 陈峰 | 2 USD | 1,745,500 | 1.17% | 0.12% | 6 months | 2026-12-23 |
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman | 陳秀峰 | — |
| Company Secretary | 李昇, 周梓浩 | — |
| Executive Director | 陈秀峰 | Chen Xiufeng |
| Non-Executive Director | 朱彼得 | Zhu Bide |
| Independent Non-Executive Director | 唐长江 | Tang Changjiang |
| Executive Director | Zhang Xiaomin | |
| Independent Non-Executive Director | 林志伟 | Lin Zhiwei |
| Executive Director | 徐李强 | Xu Liqiang |
| Independent Non-Executive Director | 孙珍珍 | Sun Zhenzhen |
| Independent Non-Executive Director | 梁树新 | Leung Shu Sun Sunny |
Major Shareholders
| Major Shareholders & Holdings | Chen Xiufeng beneficially owns 11.402%, and his spouse, Ms. Chen, owns 0.023%, representing approximately 11.425% in aggregate. |
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