02625 江蘇宏信
JIANGSU HORIZON
JIANGSU HORIZON
| Listing Date | 2025/03/31 |
| Listing Price | 2.500 |
Quote
Subscription Result
- Subscription Rate46.96x
- Guarantee One Lot Size30 lot
- One Lot Success Rate3.91%
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IPO Detail
COMPANY PROFILE
Jiangsu Horizon Chain Supermarket Company Limited is a wholesaler of grains and oil headquartered in Yangzhou, with retail operations of supermarket and convenience stores focusing on the central region of Jiangsu Province under the Group’s brand Hongxinlong.
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According to report, the Group ranked second among supermarket operators in Yangzhou in terms of sales in 2023 with a market share of approximately 9.1%, the fifth among supermarket operators in the central region of Jiangsu Province in terms of sales in 2023 with a market share of approximately 2.3%, and around the twentieth among supermarket operators in Jiangsu province in terms of sales in 2023 with a market share of approximately 0.4%.
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As at 11 March 2025, the Group operated 51 supermarkets and 109 convenience stores in Jiangsu Province, out of which 49 supermarkets and 108 convenience stores are located in Yangzhou, and two supermarkets and one convenience store are located in Taizhou. Apart from supermarkets and convenience stores, the Group also operate two Malls located in Yangzhou, namely Jiangdu Mall and Hongxinlong Mall.
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The Group’s customers of wholesale operations mainly include resellers and other retail operators, the customers of retail operations mainly consist of general sale customers and bulk sales customers and the customers of meals are local corporates, schools or government entities.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Retailers |
| Major Business Area | China |
| Board Lot | 1000 |
GLOBAL OFFERING
| No. of Offer Shares | 53.56M H shares |
| No. of International Offer Shares | 44.67M H shares |
| No. of HK Offer Shares | 8.89M H shares |
| Offer Price | $2.50 - $3.00 |
| Stock Code | 2625 |
| Sponsor(s) | Red Solar Capital Limited |
| Underwriter(s) | Red Solar Capital Limited, CMBC Securities Company Limited, CCB International Capital Limited, CMB International Capital Limited, uSmart Securities Limited, Star River Securities Limited, Eddid Securities and Futures Limited, Innovax Securities Limited, Long Bridge HK Limited |
TIME TABLE
| Application Period | Mar 21 (Fri) - noon, Mar 26 (Wed) |
| Price Determination Date | Mar 27 (Thu) |
| Result Announcement Date | On or before Mar 28 (Fri) |
| Result Announcement Date | On or before Mar 28 (Fri) |
| Result Announcement Date | On or before Mar 31 (Mon) |
| Dealings in Shares commence on | Mar 31, 2025. (Mon) |
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 - $3.00 |
| Capitalization (H Shares) | 535.60M - 642.74M |
| NAV / share ($) | $3.03 - $3.15 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 2.75, the net proceeds raised would be HKD 105.10M, of which |
| 30.9% : Opening of new Retail Stores |
| 41.2% : Establishing a new distribution centre |
| 26.8% : Establishing a new central kitchen |
| 1.1% : Enhancing ERP system and infrastructure systems to improve operational efficiency |
IPO NEWS
| 31/03/2025 16:08 |
| {New Stock}JIANGSU HORIZON(02625) ends flat at HK$2.5 |
| 31/03/2025 09:20 |
| {New Stock}JIANGSU HORIZON(02625) opens up 37.6% at HK$3.44 |
| 28/03/2025 18:35 |
| {New Stock}JIANGSU HORIZON ends up 32.4% on grey market |
| 28/03/2025 16:20 |
| {New Stock}JIANGSU HORIZON up 38% at HK$3.45 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).