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IPO Detail
02593 草姬集團
HERBS GROUP
Listing Date2024/12/19
Listing Price3.750
 
Quote
  • 3.420 -0.720 (-17.391%)    Sink Below Listing Price
  • 15-min delayed, last update: 20/12/2024 17:59
Subscription Result
  • Subscription Rate
    6,083.63x
  • Guarantee One Lot Size
    1250 lot
  • One Lot Success Rate
    3%
COMPANY PROFILE

Herbs Generation Group Holdings Limited is a provider of a variety of health supplements and cosmetics and skincare products in Hong Kong, established for over 20 years. The Group focuses on the development, sales and marketing of products under its own brands through a multi-channel sales model. The Group carried a total of eight own brands, namely Herbs; ZINO; Classic; Umeya; Energie; Men’s INFiNiTY; Regal Green and Herbs Pet.

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The Group’s products are primarily categorised into health supplements, mainly referring to orally consumed health products which generally take the forms of pills, tablets or liquids for oral intake, intending to supplement the diet and enhance the general physical health or specific body functions; cosmetics and skincare products, which mainly include beauty and skincare beauty products for external use for maintenance and/or improvement of skin conditions; and health supplements for pets, which mainly include orally consumed health products for pets, such as health supplements for the digestive health and anti-allergy function of pets.

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According to the F&S Report, the Group ranked the fifth in terms of retail sales value of immune system health supplements with a market share of approximately 4.9%, and the tenth in terms of retail sales value of health supplements with a market share of approximately 3.6%, among all international and local health supplement providers in Hong Kong in 2023. The Group’s customers consist of end-customers from the general public and wholesale customers including both chain and non-chain retailers. The Group had 33 self-operated stores and two brand experience centres.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureHealth Care
Major Business AreaHong Kong
Board Lot800
GLOBAL OFFERING
No. of Offer Shares33.33M shares
No. of International Offer Shares16.67M shares
No. of HK Offer Shares16.67M shares
Offer Price$3.75 - $4.15
Stock Code2593
Sponsor(s)ABCI Capital Limited
Underwriter(s)ABCI Securities Company Limited, BOCOM International Securities Limited, China Sunrise Securities (International) Limited, Chiyu International Capital Limited, CMBC Securities Company Limited, Futu Securities International (Hong Kong) Limited, Get Nice Securities Limited, Livermore Holdings Limited, Phillip Securities (Hong Kong) Limited, Ruibang Securities Limited, Solomon JFZ (Asia) Holdings Limited, South China Securities Limited, SPDB International Capital Limited, Yue Xiu Securities Company Limited, Zheshang International Financial Holdings Co., Limited, Zhongtai International Securities Limited
TIME TABLE
Application PeriodDec 11 (Wed) - noon, Dec 16 (Mon)
Price Determination DateDec 17 (Tue)
Result Announcement DateOn or before Dec 18 (Wed)
Result Announcement DateOn or before Dec 18 (Wed)
Result Announcement DateOn or before Dec 19 (Thu)
Dealings in Shares commence onDec 19, 2024. (Thu)
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$3.75 - $4.15
Capitalization500.00M - 553.30M
NAV / share ($)$1.30 - $1.40 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 3.95, the net proceeds raised would be HKD 102.00M, of which
35.7% : Strategic marketing and promotion activities
37.8% : Expanding, improving and optimising sales network
4.7% : Expanding product portfolio
12.4% : Talent recruitments to support self-operated stores and brand experience centres
9.3% : 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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