02536 百樂皇宮
PALASINO
PALASINO
| Listing Date | 2024/03/26 |
| Listing Price | 2.600 |
Subscription Result
- Subscription Rate15.96x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
Palasino Holdings Limited is a gaming and leisure group in central Europe comprising (i) one integrated land-based casino and resort and two full-service land-based casinos operating in the Czech Republic, offering primarily slot machines and table games, and (ii) three hotels in Germany and one hotel in Austria that offer accommodation, catering, conference, and leisure services.
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There were 568 slot machines as at 30 September 2023. In 2022, the Group ranked ninth among the casino operators in terms of the total number of slot machines in the Czech Republic, and had a market share of 5.3% of the land-based slot machine industry of the Czech Republic in terms of GGR, according to CIC. In terms of revenue, it earned a market share of 1.2% in Central Europe’s hotel industry in 2022, according to CIC.
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Gaming revenue is the major revenue source of the Group, players at its casinos are its main customers. During the period comprising FY2021, FY2022, FY2023 and 9M2023, over 95% of its players were from neighbouring countries of the Czech Republic such as Austria and Germany.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Hotels & Restaurants & Leisure |
| Major Business Area | Europe |
| Board Lot | 1000 |
GLOBAL OFFERING
| No. of Offer Shares | 142.86M shares |
| No. of International Offer Shares | 100.00M shares |
| No. of HK Offer Shares | 42.86M shares |
| Offer Price | $2.60 |
| Stock Code | 2536 |
| Sponsor(s) | Guotai Junan Capital Limited |
| Underwriter(s) | Guotai Junan Securities (Hong Kong) Limited, CMB International Capital Limited, Zhongtai International Securities Limited, UOB Kay Hian (Hong Kong) Limited, CCB International Capital Limited, Livermore Holdings Limited, Guosen Securities (HK) Capital Company Limited, Long Bridge HK Limited |
TIME TABLE
| Application Period | Mar 18 (Mon) - noon, Mar 21 (Thu) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Mar 25 (Mon) |
| Result Announcement Date | On or before Mar 25 (Mon) |
| Result Announcement Date | On or before Mar 26 (Tue) |
| Dealings in Shares commence on | Mar 26, 2024. (Tue) |
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 | $2.60 |
| Capitalization | 2.08B |
| NAV / share ($) | $0.65 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 2.6, the net proceeds raised would be HKD 194.10M, of which |
| 60% : Maintain and further consolidate market presence |
| 30% : Expand gaming business through acquisition of business or asset or bidding for new gaming licence |
| 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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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).