Shanghai Baolijia Chemical’s IPO to debut on Shenzhen Stock Exchange
Jul 29, 2021 (China Knowledge) - Shanghai Baolijia Chemical (301037) to start trading on the Shenzhen ChiNext Market Jul 30, tomorrow. The firm has issued 22.53 mln shares priced at RMB 14.82 per share raising RMB 333.82 mln. Its price-to-earnings ratio (PE) stands at 15.33. During subscription the IPO was 6,786 times oversubscribed.
Guotai Junan Securities acts as the lead underwriter and sponsor for the IPO.
Shanghai Baolijia Chemical produces and sells emulsion.
In FY 2020, Shanghai Baolijia Chemical garnered a total revenue of RMB 2.02 bln, down 2% YoY. In terms of net income, it achieved RMB 89.8 mln, rising 24% YoY. In Q1 2021, the company reported revenue of RMB 516.38 mln, a YoY increase of 133%, and its net profits reached RMB 3.25 mln, up 274% YoY.
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