Baogai(08090.HK): IPO Subscription Opens Today; Entry Fee HK$4,297.91

NewTimeSpace News: Shandong Baogai New Materials Technology Co., Ltd. (08090.HK) opens its public IPO subscription on 29 June 2026, and its listing is scheduled for 8 July 2026.

According to the prospectus, the indicative offer price ranges from HK$6.15 to HK$8.51 per share. Each board lot contains 500 shares, with an entry fee of HK$4,297.91 (calculated based on the maximum offer price). Around 14.47 million shares are to be offered globally, of which roughly 1.44 million shares are reserved for the Hong Kong Public Offering. The estimated total fundraising size is HK$84.3 million (calculated at the midpoint of the indicative offer price range of HK$7.33).

Assuming the Offer Size Adjustment Option is not exercised, after deducting underwriting commissions and other estimated offering expenses, the net proceeds from the Global Offering are estimated to be approximately HK$84.3 million, to be allocated as follows:Approximately 30.0% will be utilised to build production lines for resin matrix composite products embedded with continuous carbon fibres;Approximately 25.0% will be used for upgrading existing production lines;Approximately 15.0% will be allocated to expand research and development capacity;Approximately 20.1% will be deployed to expand global sales and marketing channels;The remaining approximately 9.9% will be applied to general working capital.