
AUX ELECTRIC
Register Close | 2025/08/28 IPO Closing Today |
Listing Date | 2025/09/02 |
Register Close | 2025/08/28 IPO Closing Today |
Listing Date | 2025/09/02 |
Aux Electric Co. is one of the global top five air conditioner providers, with capabilities covering the design, R&D, production, sales and related services of household and central air conditioners.
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The Group’s operations covering over 150 countries and regions worldwide. In 2024, the Group is the fifth largest air conditioner provider in the global market in terms of sales volume with a market share of 7.1% and the largest mass-market household air conditioner brand in China, in terms of sales volume with a market share of 25.7%, according to the report.
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The Group have leveraged its master brand “AUX” to build its presence in both domestic and overseas markets, and further enhance its market penetration through a multi-brand strategy. The Group have developed the brands “Hutssom” and “AUFIT” and introduced premium brands such as ShinFlow.
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The Group primarily generated revenue from sales of products, including household air conditioners and central air conditioners. The Group’s customers were mainly distributors and ODM customers.
Market | Hong Kong (Main Board) |
Business Nature | Household Appliances & Electronics |
Major Business Area | Global |
Board Lot | 200 |
No. of Offer Shares | 207.16M shares |
No. of International Offer Shares | 196.80M shares |
No. of HK Offer Shares | 10.36M shares |
Offer Price | $16.00 - $17.42 |
Stock Code | 2580 |
Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited |
Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, Orient Securities (Hong Kong) Limited, ABCI Securities Company Limited, ICBC International Securities Limited, Futu Securities International (Hong Kong) Limited |
Application Period | Aug 25 (Mon) - noon, Aug 28 (Thu) |
Price Determination Date | Aug 29 (Fri) |
Result Announcement Date | On or before Sep 01 (Mon) |
Result Announcement Date | On or before Sep 01 (Mon) |
Result Announcement Date | On or before Sep 02 (Tue) |
Dealings in Shares commence on | Sep 02, 2025. (Tue) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 15% | 25% | 35% |
Offer Price | $16.00 - $17.42 |
Capitalization | 24.91B - 27.13B |
NAV / share ($) | $5.22 - $5.4 (Unaudited pro forma adj NAV / share) |
Assuming the offer price being at HKD 16.71, the net proceeds raised would be HKD 3.29B, of which |
20% : Worldwide research and development efforts |
50% : Upgrading intelligent manufacturing system and supply chain management |
20% : Enhancing sales and distribution channels |
10% : Working capital |
Prospectus | ![]() | ![]() |
Remark: | The above information is referenced from the prospectus. |
All data is calculated from the non- exercise rights(if applicable). |
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