06980 八馬茶業
BAMA TEA
BAMA TEA
| Listing Date | 2025/10/28 Listing in 4 Days |
| Listing Price | -- |
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IPO Detail
COMPANY PROFILE
Bama Tea Co. is a recognized provider of tea leaf products in China with a wide product coverage, covering all six major types of tea leaves in China and non-tea-leaf products such as tea ware and tea snacks.
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The Group ranked first in China in terms of sales revenue of premium tea leaves for 2024. It also ranked first in China among tea leaf providers in terms of the number of chained specialty stores for tea leaves as of December 31, 2024, and first in each of Oolong tea leaf market and black tea leaf market in terms of respective sales revenue for 2024.
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The Group’s core brand, Bama, covers a full-range of tea leaf products including all six major types of tea leaves in China. The Group’s Xinjihao sub-brand focuses on offering premium aged Pu’er tea and its Wanshanhong sub-brand focuses on offering products that cater to young consumers and female consumers looking for diverse flavors with high quality and affordable pricing.
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As of October 13, 2025, the Group had a total of 3,730 offline stores, including 235 self-operated stores and 3,495 franchised stores. The Group primarily sold products to franchisees; e-commerce platforms; and retail consumers through its self-operated online stores and offline stores.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Food & Beverages |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 9.00M H shares |
| No. of International Offer Shares | 8.10M H shares |
| No. of HK Offer Shares | 0.90M H shares |
| Offer Price | $45.00 - $50.00 |
| Stock Code | 6980 |
| Sponsor(s) | Huatai Financial Holdings (Hong Kong) Limited, ABCI Capital Limited, TFI Capital Limited |
| Underwriter(s) | Huatai Financial Holdings (Hong Kong) Limited, ABCI Securities Company Limited, TFI Securities and Futures Limited, CLSA Limited, Shenwan Hongyuan Securities (H.K.) Limited, China Galaxy International Securities (Hong Kong) Co., Limited, UOB Kay Hian (Hong Kong) Limited, SPDB International Capital Limited, CMBC Securities Company Limited, AVICT Global Asset Management Limited, Funde Securities Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, First Shanghai Securities Limited, TradeGo Markets Limited, Maxa Capital Limited |
TIME TABLE
| Application Period | Oct 20 (Mon) - noon, Oct 23 (Thu) |
| Price Determination Date | Oct 24 (Fri) |
| Result Announcement Date | On or before Oct 27 (Mon) |
| Result Announcement Date | On or before Oct 27 (Mon) |
| Result Announcement Date | On or before Oct 28 (Tue) |
| Dealings in Shares commence on | Oct 28, 2025. (Tue) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $45.00 - $50.00 |
| Capitalization | 3.83B - 4.25B |
| NAV / share ($) | $19.56 - $20.08 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 47.5, the net proceeds raised would be HKD , of which |
| 35% : Expanding production bases and building a new production base |
| 20% : Enhancing brand value, and broadening product portfolio |
| 15% : Funding the expansion of self-operated offline store network |
| 10% : Enhancing the digitalization level of business operation |
| 10% : Ａcquiring or investing in players in China’s tea industry |
| 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).