Equity· IPO

Nantong Jiangtian Chemical ’s IPO debut on Shenzhen Stock Exchange today

minutes 2021/01/07 02:21:17

Jan 07, 2021 (China Knowledge) - Nantong Jiangtian Chemical  (300927) to start trading on the Shenzhen ChiNext Market today, at a public offering price of RMB 13.39 per share, raising RMB 268.47 mln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 20.94.

Ping An Securities acted as the lead underwriter and sponsor for the IPO.

Earlier, Nantong Jiangtian Chemical  said its IPO was 6,317 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, Nantong Jiangtian Chemical  garnered a total revenue of RMB 500 mln, down 18% YoY. In terms of net income, it achieved RMB 63 mln, down 13% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 21.43% and 11.49% respectively, earning per share (EPS) of 0.89 RMB.

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