Befar Group (06745.HK): IPO Public Subscription Closes Today, Total Margin Subscription Funds Hit HK$12.77 Billion
NewTimeSpace News: The public subscription period for Befar Group Co., Ltd (06745.HK) closed today (7 July). As at 10 a.m., aggregate margin subscription funds stood at approximately HK$12.77 billion, compared with HK$126 million targeted fundraising for the public offering tranche, representing a margin oversubscription multiple of roughly 100.02 times. The maximum indicative offer price is HK$3.59 per share, with each board lot consisting of 1,000 shares and an entry cost of around HK$3,626.21. The Company is scheduled to commence trading on 10 July.
NewTimeSpace News: Befar Group Co., Ltd closed its IPO public subscription period on 7 July 2026, with its listing date slated for 10 July 2026.
As disclosed in the prospectus, the upper limit of the indicative offer price is HK$3.59 per share, each trading board lot comprises 1,000 shares, and the entry cost is approximately HK$3,626.21 (calculated based on the maximum offer price). The total number of offer shares under the global offering is around 352.12 million, including roughly 35.21 million shares allocated to the Hong Kong public offering tranche, with total gross proceeds of approximately HK$1.102 billion.
Market subscription demand was robust. As at 10 a.m. today, aggregate broker margin loans totalled HK$12.77 billion. Versus the HK$126 million fundraising target of the public offering tranche, the margin oversubscription multiple reached about 100.02 times. Grey market trading is expected to take place on 9 July.
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