Markets· IPO

Sunlour Pigment’s IPO to debut on Shenzhen Stock Exchange

minutes 2021/07/28 10:16:37

Jul 28, 2021 (China Knowledge) - Sunlour Pigment (301036) to start trading on the Shenzhen ChiNext Market Jul 29, tomorrow. The firm has issued 25.00 mln shares priced at RMB 23.38 per share raising RMB 584.5 mln. Its price-to-earnings ratio (PE) stands at 15.36. During subscription the IPO was 6,903 times oversubscribed.

Dongxing Securities acts as the lead underwriter and sponsor for the IPO.

In FY 2020, Sunlour Pigment garnered a total revenue of RMB 1.35 bln, up 19% YoY. In terms of net income, it achieved RMB 158.09 mln, rising 86% YoY. In Q1 2021, the company reported revenue of RMB 380.27 mln, a YoY increase of 60%, and its net profits reached RMB 44.39 mln, up 244% YoY.

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