01471 眾淼控股
ZHONGMIAO
ZHONGMIAO
| Listing Date | 2024/08/06 |
| Listing Price | 7.000 |
Subscription Result
- Subscription Rate16.07x
- Guarantee One Lot Size10 lot
- One Lot Success Rate50%
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IPO Detail
COMPANY PROFILE
Zhongmiao Holdings (Qingdao) Co is an insurance agency service provider in Shandong province, the PRC, dedicated to distributing a wide range of insurance products covering property insurance products, life and health insurance products, accident insurance products and automobile insurance products, to both corporate and household insurance clients.
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The Group collaborate and cooperate with different industry participants including insurance company partners, which are its customers, insurance agents and strategic channel partners to promote and distribute insurance products from its insurance company partners to corporate and household insurance clients. It had established business relationships with over 70 insurance companies in the PRC; insurance agents across Shandong, Hebei, Henan and Jilin provinces; 20 strategic channel partners, and it had distributed insurance products to over 20,000 corporate insurance clients and 368,000
household insurance clients.
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Since the Group’s establishment in 2017, it has developed its online platforms, including its “Corporate Insurance Interactive Service Platform”, its “Quan Zhanggui” APP, its WeChat official account and WeChat mini programme “Quan Zhanggui Claim Centre “, to enhance user experience of its insurance clients and provide comprehensive service support to its insurance agents.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Insurance |
| Major Business Area | China |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 35.30M H shares |
| No. of International Offer Shares | 30.94M H shares |
| No. of HK Offer Shares | 4.36M H shares |
| Offer Price | $7.00 - $10.20 |
| Stock Code | 1471 |
| Sponsor(s) | Ping An of China Capital (Hong Kong) Company Limited, CITIC Securities (Hong Kong) Limited |
| Underwriter(s) | China PA Securities (Hong Kong) Company Limited, CLSA Limited, CMB International Capital Limited, Fosun International Securities Limited, Hong Tai Securities Limited, Patrons Securities Limited, China Industrial Securities International Capital Limited, Eddid Securities and Futures Limited, Fortune (HK) Securities Limited, ICBC International Securities Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Jul 29 (Mon) - noon, Aug 01 (Thu) |
| Price Determination Date | Aug 02 (Fri) |
| Result Announcement Date | On or before Aug 05 (Mon) |
| Result Announcement Date | On or before Aug 05 (Mon) |
| Result Announcement Date | On or before Aug 06 (Tue) |
| Dealings in Shares commence on | Aug 06, 2024. (Tue) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $7.00 - $10.20 |
| Capitalization (H Shares) | 247.10M - 360.10M |
| NAV / share ($) | $4.38 - $5.14 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 8.6, the net proceeds raised would be HKD 249.50M, of which |
| 53.8% : Development insurance agency business |
| 26.2% : Enhancing IT service offerings and research and development capabilities |
| 10% : Pursuing selective investment and acquisitions that have complementary or synergistic effects on current business |
| 10% : Working capital |
IPO NEWS
| 06/08/2024 16:08 |
| {New Stock}ZHONGMIAO(01471) ends up 5% at HK$7.35 |
| 06/08/2024 09:20 |
| {New Stock}ZHONGMIAO(01471) opens down 1.71% at HK$6.88 |
| 05/08/2024 18:35 |
| {New Stock}ZHONGMIAO ends up 3.14% at HK$7.22 on grey market |
| 05/08/2024 16:20 |
| {New Stock}ZHONGMIAO(01471) up 3% at HK$7.21 on grey market |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).