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Equity· IPO

Keysino Separation Technology’s IPO debut on Shenzhen Stock Exchange today

CKN
minutes 2020/10/16 02:02:40
3,086

Oct 16, 2020 (China Knowledge) - Keysino Separation Technology (300899) to start trading on the Shenzhen ChiNext Market today, at a public offering price of RMB 24.43 per share, raising RMB 389.66 mln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 27.35.

Changjiang Securities  acted as the lead underwriter and sponsor for the IPO.

Earlier, Keysino Separation Technology said its IPO was 8,231 times oversubscribed. Since 2019 to date, A-shares IPOs achieved median oversubscription of 2,814 times and the highest at 9,194 times. For subsequent 30-day trading the performances can be obtained from our China IPO Weekly.

Keysino Separation Technology Inc is a company mainly engaged in research, development and provision of industrial fluids special separation services. The Company's primary business is industrial fluids special separation which helps clients reduce pollution emissions in industrial processes and accomplishes waste resource utilization. The Company is involved in selling membrane elements and other components. Its products and services are used in textile printing and dyeing, chemical fiber and biopharmaceutical fields.

In financial year 2019, Keysino Separation Technology garnered a total revenue of RMB 260.76 mln, up 33% YoY. In terms of net income, it achieved RMB 66 mln, up 34% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 29.02% and 18.07% respectively, earning per share (EPS) of 1.23 RMB.

 

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