03677 正力新能
ZENERGY
ZENERGY
| Listing Date | 2025/04/14 |
| Listing Price | 8.270 |
Subscription Result
- Subscription Rate3.51x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
Jiangsu Zenergy Battery Technologies Group Co., Ltd. is a lithium-ion battery manufacturer in China.The Group primarily focus on the R&D, production and sales of EV battery products and ESS battery products. The Group provide integrated battery solutions, encompassing battery cells, modules, packs, racks, and battery management systems dedicated to large-scale applications of electrochemical products.
As one of the ten largest players in EV battery market in terms of installation capacity, as measured by installation capacity in 2024, the Group held a market share of 1.8% amongst EV battery manufacturers in China, according to CABIA.According to report, the Group was the 9th largest player in the LFP EV battery market, the NCM EV battery market and the overall EV battery market in terms of EV battery installation capacity in 2024.
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Customers of the Group’s battery products are primarily EV manufacturers, including FAW Hongqi, GAC Trumpchi, Leap Motor, SAIC-GM Wuling, and SAIC-GM. The Group’s EV battery customers include large state-owned enterprises, pure-play EV companies and multi-national OEMs.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Industrials |
| Major Business Area | China |
| Board Lot | 300 |
GLOBAL OFFERING
| No. of Offer Shares | 121.52M H shares |
| No. of International Offer Shares | 109.37M H shares |
| No. of HK Offer Shares | 12.15M H shares |
| Offer Price | $8.27 |
| Stock Code | 3677 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited, CCB International Capital Limited, China Industrial Securities International Capital Limited, Huafu International Securities Limited, ICBC International Securities Limited, CEB International Capital Corporation Limited, BOCI Asia Limited, ABCI Securities Company Limited, Patrons Securities Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Livermore Holdings Limited |
TIME TABLE
| Application Period | Apr 03 (Thu) - noon, Apr 09 (Wed) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Apr 11 (Fri) |
| Result Announcement Date | On or before Apr 11 (Fri) |
| Result Announcement Date | On or before Apr 14 (Mon) |
| Dealings in Shares commence on | Apr 14, 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 | $8.27 |
| Capitalization (H Shares) | 11.90B |
| NAV / share ($) | $2.75 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 8.27, the net proceeds raised would be HKD 927.50M, of which |
| 80% : expansion of production capacity and to construct intelligent manufacturing facilities and flexible manufacturing lines |
| 10% : Used for various R&D activities |
| 10% : Working capital |
IPO NEWS
| 14/04/2025 16:08 |
| {New Stock}ZENERGY(03677) ends up 1.45% at HK$8.39 |
| 14/04/2025 09:20 |
| {New Stock}ZENERGY(03677) opens up 2.3% at HK$8.46 |
| 11/04/2025 18:35 |
| {New Stock}ZENERGY ends up 0.12% at HK$8.28 on grey market |
| 11/04/2025 16:20 |
| {New Stock}ZENERGY down 0.85% at HK$8.2 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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Listing --Offer Price︰--
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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).