Jiangsu Bojun Industrial Technology ’s IPO debut on Shenzhen Stock Exchange today
Jan 07, 2021 (China Knowledge) - Jiangsu Bojun Industrial Technology (300926) to start trading on the Shenzhen ChiNext Market today, at a public offering price of RMB 10.76 per share, raising RMB 382.34 mln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 25.28.
Orient Securities acted as the lead underwriter and sponsor for the IPO.
Earlier, Jiangsu Bojun Industrial Technology said its IPO was 5,617 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.
In financial year 2019, Jiangsu Bojun Industrial Technology garnered a total revenue of RMB 521.88 mln, up 10% YoY. In terms of net income, it achieved RMB 74 mln, up 4% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 14.35% and 6.34% respectively, earning per share (EPS) of 0.6 RMB.
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