After the registration application was approved, Tietuo Machinery quickly launched its IPO on Monday, becoming the first new stock to be subscribed on the Beijing Stock Exchange in February.
Tietuo Machinery will be subscribed tomorrow (February 28). This new share is also directly priced and the issue ** is determined to be 669 yuan shares, the issue price-earnings ratio is 16 times.
According to the data, the initial number of Tietuo Machinery this time is 2226630,000 shares, with a total share capital of 8,906 after issuance530,000 shares, after the full exercise of the over-allotment option, the total number of shares issued will be expanded to 2,560620,000 shares. Before the over-allotment was activated, the number of online issuances was 1,78130,000 shares; After the over-allotment was activated, the number of online issuances was 2,11530,000 shares;
Tietuo Machinery is a professional manufacturer of asphalt mixture mixing equipment and its supporting equipment integrating R&D, production, sales and service. Focusing on the whole life cycle of asphalt mixture from production to production, the company has established a full range of products and multi-series product systems, including asphalt mixture mixing equipment, asphalt mixture plant mixing and hot recycling equipment, RAP flexible crushing and screening equipment, aggregate shaping and sand making equipment, etc. The company is a state-level specialized and new "little giant" enterprise.
After deducting the issuance expenses from the funds raised in the public offering, the company will invest in the intelligent production and construction project of asphalt equipment and the construction project of the R&D center according to the priority of the project construction needs.
It is worth mentioning that this new stock has been sought after by institutions, especially private equity, in strategic placement, and state-owned assets have appeared. A total of 9 institutional investors participated in the strategic placement of Tietuo Machinery, among them, the controlling shareholder of Shandong Guotai Capital Management Co., Ltd., the target of the subscription, is Shandong Land Capital Investment Group, and the actual controller is the State-owned Assets Supervision and Administration Commission of Shandong Province; The executive partner of Qingdao Huixin Investment Partnership (Limited Partnership) is Shandong Guohui Asset Management, and the actual controller is Shandong State-owned Assets Supervision and Administration Commission.
Zhu Haibin, chief analyst of the Beijing Stock Exchange Research Center, believes that the public fund-raising company Tietuo Machinery intends to invest 14.9 billion yuan was used for the "intelligent production and construction project of asphalt equipment", and 57.3 million yuan was used for the construction of R&D center. "Asphalt equipment intelligent production and construction project" is expected to be built for 30 months, is expected to start production in the second year, reach production in the fifth year, and is expected to increase related business income of 199 million yuan per year after reaching production, and increase net profit of 2354 in the year of production460,000 yuan. The average PE TTM of comparable companies is 217 times, of which 22 are in the south of the road9 times.
After the Spring Festival holiday, the Beijing Stock Exchange has not yet arranged a review meeting. Among the companies that have passed the meeting, in addition to Tietuo Machinery, Gobiga's registration application has also been approved, and it is expected to become the next new stock. In addition, among the 15 companies that have passed the meeting, 10 companies such as Wanda Bearing and Bawei have submitted registration applications.
*:* Times.com.