02432 越疆
DOBOT
DOBOT
| Listing Date | 2024/12/23 |
| Listing Price | 18.800 |
Subscription Result
- Subscription Rate9.25x
- Guarantee One Lot Size10 lot
- One Lot Success Rate50%
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IPO Detail
COMPANY PROFILE
Shenzhen Yuejiang Technology Co., Ltd. is one of leading companies that specializes in the development, manufacturing and commercialization of collaborative robots, or commonly known as “cobots.” The Group is a top 2 player in the global cobot industry and the No.1 player among all Chinese cobot companies, with a global market share of 13% as measured by shipment volume in 2023, according to the CIC Report.
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The Group’s cobots are primarily categorized into two types based on the number of axes, i.e., four-axis cobots and six-axis cobots. The Group primarily market its six-axis cobots under the CR Series and the Nova Series. The Group’s four-axis cobot series primarily consist of Magician Series and M Series.
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As of December 6, 2024, the Group offered a total of 27 cobot models in four series. It had obtained 217 invention patents, 302 utility model patents, and 131 design patents.
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The Group’s cobot products are adopted by global customers for various use cases in manufacturing, retail, healthcare, STEAM education, scientific research settings and many more.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Industrials |
| Major Business Area | China |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 40.00M H shares |
| No. of International Offer Shares | 38.00M H shares |
| No. of HK Offer Shares | 2.00M H shares |
| Offer Price | $18.80 - $20.80 |
| Stock Code | 2432 |
| Sponsor(s) | Guotai Junan Capital Limited, ABCI Capital Limited |
| Underwriter(s) | Guotai Junan Securities (Hong Kong) Limited, ABCI Securities Company Limited, China PA Securities (Hong Kong) Company Limited, Shenwan Hongyuan Securities (H.K.) Limited, TradeGo Markets Limited |
TIME TABLE
| Application Period | Dec 13 (Fri) - noon, Dec 18 (Wed) |
| Price Determination Date | Dec 19 (Thu) |
| Result Announcement Date | On or before Dec 20 (Fri) |
| Result Announcement Date | On or before Dec 20 (Fri) |
| Result Announcement Date | On or before Dec 23 (Mon) |
| Dealings in Shares commence on | Dec 23, 2024. (Mon) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | Over 50X |
| % of total shares reallocated to HK Offer | 10% | 20% |
Sales Statistics (HKD)
| Offer Price | $18.80 - $20.80 |
| Capitalization | 7.52B - 8.32B |
| NAV / share ($) | $2.6 - $2.7 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 19.8, the net proceeds raised would be HKD 719.60M, of which |
| 40% : Technology development for intelligent cobots |
| 27% : Development of production lines and manufacturing capabilities |
| 16% : Strategic alliances, investment and acquisition opportunities |
| 7% : Overseas sales channel building |
| 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).