According to the Zhitong Finance App, Reddy Smart Drive (301596.SZ) issued a prospectus for the initial public offering of shares and listing on GEM. The number of new shares in the public offering is 137.795.18 million shares, with an issue price of 25.92 yuan per share. The online subscription date is April 29, 2024, and the payment date is May 6, 2024.

According to reports, the company is a high-tech enterprise dedicated to R&D, production and sales of key components for automated equipment transmission and braking systems. The company's products include precision transmission parts, electromagnetic brakes and harmonic speed reducers, etc., which are widely used in CNC machine tools, robots, elevators and other fields.

Relying on outstanding technology research and development advantages, product quality advantages and rapid response service advantages, the company has been recognized by customers. The company's customers are mainly well-known global or domestic companies in the downstream field, such as Huichuan Technology, a leading domestic industrial automation company, Eston, a leading domestic industrial robot company, Hitachi Elevator, Otis Elevator and Toshiba Elevator, and internationally renowned transmission parts companies such as German Lingfeida, Japan's Tsubaki Machinery, and American Finner Transmission.

The company achieved operating income of 567 million yuan, 587 million yuan and 585 million yuan respectively in 2021, 2022 and 2023, and achieved net profit attributable to shareholders of the parent company of 649.93 million yuan, 74.8843 million yuan, and 96.5841 million yuan, respectively.

After deducting the issuance fee, it is proposed to invest in the following projects: 1. The electromagnetic brake capacity expansion project will use the raised capital of 307 million yuan; 2. The Reddy Smart Drive R&D center construction project will use the raised capital of 505,026 million yuan.