Regarded as the 'lucky concept stock', mainland lighting device supplier Jingke Electronics (02551.HK) received a warm response to its public offering, currently ranking as this year's 'oversubscription king', with subscriptions exceeding 5200 times, making it the second highest oversubscribed IPO stock in Hong Kong history.

According to overseas reports, Jingke Electronics has fully exercised its overallotment option, issuing an additional 5.04 million H shares for a total of 38.64 million H shares, increasing the total fundraising amount to 0.139 billion Hong Kong dollars.

As Jingke Electronics' public offering oversubscribed by over 100 times, the clawback mechanism will be activated, with 50% allocated to the public offering portion and international placing portion each (excluding overallotment). Thus, 13.44 million shares will be reallocated from the international placing to the Hong Kong public offering, increasing the public offering portion from the original 3.36 million shares to 16.8 million shares.

The Jingke Electronics IPO subscription closed on Tuesday (November 5) and is expected to be listed on Friday (November 8).

According to data from multiple brokerages, the total margin amount reached 63.9 billion yuan, with oversubscription exceeding 5266 times, second only to the listed in Hong Kong in 2018 with an oversubscription of 6289 times.

Jingke Electronics originally planned a global offering of 33.6 million H shares, with 10% available for public offering at a price of 3.61 Hong Kong dollars per share, raising 0.121 billion Hong Kong dollars, with 1000 shares per lot, and an entry fee of approximately 3646.4 Hong Kong dollars per lot.

Citic Securities is its exclusive sponsor.

Link to Jingke Electronics' prospectus:

https://www1.hkexnews.hk/listedco/listconews/sehk/2024/1031/2024103100020_c.pdf