02515 天津建發
TJCD
TJCD
| Listing Date | 2024/04/23 |
| Listing Price | 2.500 |
Quote
Subscription Result
- Subscription Rate433.06x
- Guarantee One Lot Size70 lot
- One Lot Success Rate10.01%
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IPO Detail
COMPANY PROFILE
Tianjin Construction Development Group is a construction group based in Tianjin which offers comprehensive construction services.
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According to report, there were 2,547 construction enterprises in Tianjin in 2022, which the Group accounted for a market share of 0.1% in the overall construction market in terms of construction revenue in Tianjin in 2022. It ranked fourth among the private companies engaged in municipal public construction in Tianjin in terms of revenue generated from municipal public construction works in 2022, representing a market share of approximately 0.2%.
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During the period comprising FY2021, FY2022 and FY2023, it generated its revenue mainly from construction business, comprising municipal public construction works, which mainly included road construction and traffic facilities construction; foundation works, which mainly included foundation construction and earthworks; building construction related works; and petrochemical engineering works.
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The Group possessed 25 qualifications related to its construction business, which included two first-grade construction qualifications: first-grade qualification in petrochemical engineering construction general contracting; and first-grade qualification in foundation construction professional contracting.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Construction |
| Major Business Area | China |
| Board Lot | 2000 |
GLOBAL OFFERING
| No. of Offer Shares | 53.95M H shares |
| No. of International Offer Shares | 26.97M H shares |
| No. of HK Offer Shares | 26.98M H shares |
| Offer Price | $2.50 - $2.90 |
| Stock Code | 2515 |
| Sponsor(s) | China Everbright Capital Limited |
| Underwriter(s) | China Everbright Securities (HK) Limited, ABCI Securities Company Limited, Beta International Securities Limited, BOCOM International Securities Limited, CCB International Capital Limited, CEB International Capital Corporation Limited, Citrus Securities Limited, CMBC Securities Company Limited, Fortune Origin Securities Limited, Grand China Securities Limited, Livermore Holdings Limited, Long Bridge HK Limited, Realord Asia Pacific Securities Limited, SPDB International Capital Limited |
TIME TABLE
| Application Period | Apr 15 (Mon) - noon, Apr 18 (Thu) |
| Price Determination Date | Apr 19 (Fri) |
| Result Announcement Date | On or before Apr 22 (Mon) |
| Result Announcement Date | On or before Apr 22 (Mon) |
| Result Announcement Date | On or before Apr 23 (Tue) |
| Dealings in Shares commence on | Apr 23, 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 | $2.50 - $2.90 |
| Capitalization | 539.50M - 625.80M |
| NAV / share ($) | $1.58 - $1.67 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 2.7, the net proceeds raised would be HKD 102.50M, of which |
| 55% : Fund up-front costs of potential projects |
| 15% : Establish local branch offices in regions outside Tianjin |
| 10% : Enhance R&D capabilities |
| 10% : Acquire or invest in other construction companies that focus on petrochemical engineering and new energy engineering or new urban infrastructure construction |
| 10% : Working capital |
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).