02631 天岳先進
SICC
SICC
| Listing Date | 2025/08/20 |
| Listing Price | 42.800 |
Subscription Result
- Subscription Rate2,809.19x
- Guarantee One Lot Size500 lot
- One Lot Success Rate30%
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IPO Detail
COMPANY PROFILE
SICC CO is a company with strong expertise in the wide bandgap semiconductor material industry, focusing on the research, development and industrialization of SiC substrates since its inception. According to Frost & Sullivan, based on revenue from SiC substrate sales in 2024, the Group was among the top three global SiC substrate manufacturers with a market share of 16.7%.
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The Group’s SiC materials empower the renewable energy and AI sectors. Its SiC substrates can be applied across various sectors, including electric vehicles, AI data centers, photovoltaic systems, AI glasses, rail transportation, power grids, household appliances and advanced telecommunication base stations.
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As of March 31, 2025, the Group was one of the few companies in the world capable of mass producing 8-inch SiC substrates, one of the first to commercialize SiC substrates ranging from a 2-inch to an 8-inch diameter and the first to introduce 12-inch SiC substrates.
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The Group mainly derived its revenue from sales of conductive SiC semiconductor material and semi-insulating SiC semiconductor material. As of March 31, 2025, the Group had established business relationships with over half of the top ten global power semiconductor device manufacturers.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Semiconductors |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 47.75M H shares |
| No. of International Offer Shares | 31.03M H shares |
| No. of HK Offer Shares | 16.71M H shares |
| Offer Price | $42.80 |
| Stock Code | 2631 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited, CITIC Securities (Hong Kong) Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, CLSA Limited, Haitong International Securities Company Limited, BOCI Asia Limited, UOB Kay Hian (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited, Zhongtai International Securities Limited, ICBC International Securities Limited, CMB International Capital Limited, CCB International Capital Limited, ABCI Securities Company Limited, GF Securities (Hong Kong) Brokerage Limited, China Galaxy International Securities (Hong Kong) Co., Limited, Shenwan Hongyuan Securities (H.K.) Limited, Futu Securities International (Hong Kong) Limited, Sun Securities Limited, Huafu International Securities Limited, Fosun International Securities Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Aug 11 (Mon) - noon, Aug 15 (Fri) |
| Price Determination Date | Aug 18 (Mon) |
| Result Announcement Date | On or before Aug 19 (Tue) |
| Result Announcement Date | On or before Aug 19 (Tue) |
| Result Announcement Date | On or before Aug 20 (Wed) |
| Dealings in Shares commence on | Aug 20, 2025. (Wed) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 15% | 25% | 35% |
Sales Statistics (HKD)
| Offer Price | $42.80 |
| Capitalization (H Shares) | 2.04B |
| NAV / share ($) | $16.34 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 42.8, the net proceeds raised would be HKD 1.94B, of which |
| 70% : Expand production capacity for 8-inch and larger SiC substrates |
| 20% : Strengthen R&D capabilities |
| 10% : Working capital |
IPO NEWS
| 20/08/2025 16:08 |
| {New Stock}SICC(02631) ends up 6.4% at HK$45.54 |
| 20/08/2025 09:20 |
| {New Stock}SICC(02631) opens up 6.54% at HK$45.6 |
| 19/08/2025 18:35 |
| {New Stock}SICC ends up 12.48% at HK$48.14 on grey market |
| 19/08/2025 16:20 |
| {New Stock}SICC(02631) up 14.25% at HK$48.9 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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*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).