Core Insights - Green Tea Group's IPO subscription has been halted, achieving a subscription multiple of 282.11 times and raising a total of HKD 34.151 billion [1][2] - The company plans to issue approximately 170 million shares at a price of HKD 7.19 per share, with a projected net fundraising amount of up to HKD 1.21 billion, of which 30% consists of existing shares [1][5] Financing Overview - The total financing subscription amount reached HKD 34.151 billion, with notable contributions from Futu Securities (HKD 15.632 billion) and Huatai Securities (HKD 11 billion) [1][2] - The IPO involves the issuance of 117.854 million new shares, accounting for 25% of the total share capital post-issue, with an international offering to public offering ratio of 9:1 and a 15% over-allotment option [5] Financial Performance and Projections - Revenue projections for Green Tea Group from 2022 to 2024 are RMB 2.375 billion, RMB 3.589 billion, and RMB 3.838 billion, respectively, with adjusted net profits of RMB 25 million, RMB 303 million, and RMB 360 million [5] - The estimated price-to-earnings ratio for the issuance is 13 times based on 2024 earnings and 10 times based on 2025 earnings [5] Expansion Plans - Green Tea Group, established in 2008, has expanded from a single restaurant to a significant national network, ranking third among casual Chinese restaurant brands in China by the number of restaurants in 2024 [6] - The total number of restaurants increased from 236 in 2021 to 465 by the end of 2024, with a compound annual growth rate of 23.5% [6] - The company plans to open 150, 200, and 213 new restaurants in 2025, 2026, and 2027, respectively, focusing on smaller outlets under 450 square meters for higher turnover rates and lower costs [6]
绿茶集团IPO受欢迎 融资认购达282倍