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02519 傲基股份
AUGROUP
Register Close2024/11/05    IPO Closing in 3 Days
Listing Date2024/11/08
COMPANY PROFILE

AuGroup Technology Co., Ltd. is an online retailer specializing in quality furniture and home furnishings. The Group offer consumers an enjoyable lifestyle experience across a broad range of “home and life” scenarios, leveraging robust supply chain management and efficient logistics solutions.

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The Group specialize in furniture and home furnishing products under popular proprietary brands such as ALLEWIE, IRONCK, LIKIMIO, SHA CERLIN, HOSTACK and FOTOSOK. It generated revenue primarily from sales of goods and provision of logistics solutions.

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According to Frost & Sullivan, the Group ranked first in the B2C overseas e-commerce market for furniture and home furnishings by China-based sellers in terms of GMV in 2023; it ranked fifth in the global B2C e-commerce market for furniture and home furnishings in terms of GMV in 2023. The Group's subsidiary, Shenzhen Westernpost ranked fourth among all B2C export e-commerce logistics solutions providers in China, with a market share of approximately 1.2%, and first among all B2C export e-commerce logistics solutions providers in China focusing on medium-to-large goods.

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The Group's customers of sales of products primarily consisted of consumers who buy its products through third-party e-commerce platforms, and customers of its logistics solutions primarily consisted of sellers on e-commerce platforms.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureHousehold & Personal Products
Major Business AreaGlobal
Board Lot300
GLOBAL OFFERING
No. of Offer Shares29.89M H shares
No. of International Offer Shares26.91M H shares
No. of HK Offer Shares2.99M H shares
Offer Price$14.56 - $15.60
Stock Code2519
Sponsor(s)Huatai Financial Holdings (Hong Kong) Limited
Underwriter(s)Huatai Financial Holdings (Hong Kong) Limited, CLSA Limited, DBS Asia Capital Limited, Livermore Holdings Limited
TIME TABLE
Application PeriodOct 31 (Thu) - noon, Nov 05 (Tue)
Price Determination DateNov 06 (Wed)
Result Announcement DateOn or before Nov 07 (Thu)
Result Announcement DateOn or before Nov 07 (Thu)
Result Announcement DateOn or before Nov 08 (Fri)
Dealings in Shares commence onNov 08, 2024. (Fri)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$14.56 - $15.60
Capitalization (H Shares)3.32B - 3.55B
NAV / share ($)$7 - $7.07 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 15.08, the net proceeds raised would be HKD 372.60M, of which
70% : expand business scale and provide consumers with quality products
15% : further improve information management systems
10% : Potential investment or mergers and acquisitions opportunities along the industry chain
5% : working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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