00999 小菜園
XIAOCAIYUAN
XIAOCAIYUAN
| Listing Date | 2024/12/20 |
| Listing Price | 8.500 |
Subscription Result
- Subscription Rate1.44x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
Xiaocaiyuan International Holding Ltd. is one of the renowned self-operated chain restaurants in China’s mass Chinese cuisine market. Since the Group’s establishment in 2013, it have been striving to offer consumers home-style flavor dishes and attentive services at affordable prices. The Group aspires to establish its Xiaocaiyuan restaurants as the “home kitchen” widely acknowledged by Chinese consumers.
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As of December 5, 2024, the Group had 663 self-operated restaurants under operation, with a coverage of 146 cities or counties across 14 provinces in China and its major areas of restaurant operation are in Eastern China. The Group primarily generated its revenue from its Xiaocaiyuan branded restaurants.
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According to Frost & Sullivan, in terms of the restaurant revenue for 2023, Xiaocaiyuan ranked first among all brands in China’s mass Chinese cuisine market with average spending per consumer between RMB50 and RMB100, accounting for a market share of 0.2%.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Hotels & Restaurants & Leisure |
| Major Business Area | China |
| Board Lot | 800 |
GLOBAL OFFERING
| No. of Offer Shares | 101.18M shares |
| No. of International Offer Shares | 91.06M shares |
| No. of HK Offer Shares | 10.12M shares |
| Offer Price | $8.50 |
| Stock Code | 999 |
| Sponsor(s) | Huatai Financial Holdings (Hong Kong) Limited, UBS Securities Hong Kong Limited |
| Underwriter(s) | Huatai Financial Holdings (Hong Kong) Limited, UBS AG Hong Kong Branch, Guoyuan Securities Brokerage (Hong Kong) Limited, CMB International Capital Limited, ABCI Securities Company Limited, ICBC International Securities Limited, Futu Securities International (Hong Kong) Limited, TradeGo Markets Limited |
TIME TABLE
| Application Period | Dec 12 (Thu) - noon, Dec 17 (Tue) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Dec 19 (Thu) |
| Result Announcement Date | On or before Dec 19 (Thu) |
| Result Announcement Date | On or before Dec 20 (Fri) |
| Dealings in Shares commence on | Dec 20, 2024. (Fri) |
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 | $8.50 |
| Capitalization | 10.00B |
| NAV / share ($) | $1.98 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 8.5, the net proceeds raised would be HKD 784.00M, of which |
| 40% : Expansion of restaurant network to broaden geographical coverage |
| 37% : Strengthen supply chain capabilities |
| 13% : Promote information technology capabilities through upgrading smart devices and digital systems |
| 10% : Working capital |
IPO NEWS
| 20/12/2024 16:08 |
| {New Stock}XIAOCAIYUAN(00999) ends up 13.65% at HK$9.66 |
| 20/12/2024 09:20 |
| {New Stock}XIAOCAIYUAN(00999) opens up 5.88% at HK$9 |
| 19/12/2024 18:35 |
| {New Stock}XIAOCAIYUAN(00999) ends down 0.82% on grey market |
| 19/12/2024 16:20 |
| {New Stock}XIAOCAIYUAN down 0.12% at HK$8.49 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).