02477 經緯天地
WELLCELL HOLD
WELLCELL HOLD
| Listing Date | 2024/01/12 |
| Listing Price | 1.000 |
Subscription Result
- Subscription Rate28.64x
- Guarantee One Lot Size10 lot
- One Lot Success Rate20.04%
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IPO Detail
COMPANY PROFILE
Wellcell Holdings Co is a telecommunication network support and information and communication technology (ICT) integration services provider and software developer in the PRC.
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The Group engaged in the provision of telecommunication network support services, comprising wireless telecommunication network enhancement services and telecommunication network infrastructure maintenance and engineering services; ICT integration services; and telecommunication network-related software development services.
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Its revenue from wireless telecommunication network enhancement services, telecommunication network infrastructure maintenance and engineering services, ICT integration services, telecommunication network-related software development services in 2022 accounted for approximately 0.8%, 0.01%, 0.03% and 2.5%, respectively, of the market share of these industries in the PRC in terms of revenue in the same year.
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Its customers can be broadly categorised into: telecommunication operators; telecommunication network equipment manufacturers; telecommunication network and technical service providers and general contractors; and others. During the period comprising FY2020, FY2021, FY2022 and 6M2023, it had a total of 65, 81, 78 and 64 customers, respectively, all of which had its principal place of business in the PRC.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | IT Hardware |
| Major Business Area | China |
| Board Lot | 4000 |
GLOBAL OFFERING
| No. of Offer Shares | 125.00M shares |
| No. of Public Offer Shares | 25.00M shares |
| No. of Placing Shares | 100.00M shares |
| Offer Price | $1.00 - $1.30 |
| Stock Code | 2477 |
| Sponsor(s) | Halcyon Capital Limited, Eddid Capital Limited |
| Underwriter(s) | Eddid Securities and Futures Limited, Halcyon Securities Limited, China Everbright Securities (HK) Limited, Beta International Securities Limited, CMBC Securities Company Limited, China PA Securities (Hong Kong) Company Limited, Quam Securities Limited, Maxa Capital Limited, SBI China Capital Financial Services Limited, SPDB International Capital Limited, Innovax Securities Limited, Cinda International Capital Limited, Patrons Securities Limited, ZMF Asset Management Limited, Goldlink Securities Limited |
TIME TABLE
| Application Period | Dec 28 (Thu) - noon, Jan 09 (Tue) |
| Price Determination Date | Jan 10 (Wed) |
| Result Announcement Date | On or before Jan 11 (Thu) |
| Result Announcement Date | On or before Jan 11 (Thu) |
| Result Announcement Date | On or before Jan 12 (Fri) |
| Dealings in Shares commence on | Jan 12, 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 | $1.00 - $1.30 |
| Capitalization | 500.00M - 650.00M |
| NAV / share ($) | $0.36 - $0.42 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 1.15, the net proceeds raised would be HKD 143.80M, of which |
| 28% : Financing the initial funding needs for future ICT integration projects |
| 25.7% : Pursuing new research and development undertakings |
| 14.7% : Expanding manpower in project management |
| 4% : Financing sales and marketing funding needs |
| 17.6% : Repaying part of bank borrowings |
| 10% : Working capital |
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).