Shang Hai Zheng Quan Bao·2025-08-06 18:15Core Points - Guangdong Construction Science Research Institute Group Co., Ltd. has received approval for its initial public offering (IPO) of RMB ordinary shares on the ChiNext board, with a total issuance of 10,466,000 shares priced at RMB 6.56 per share [1][2][3] Group 1: Issuance Details - The IPO will utilize a combination of strategic placement, offline issuance to qualified investors, and online issuance to the public [1] - The initial strategic placement quantity is 31,398,000 shares, representing 30% of the total issuance [2][4] - The final strategic placement quantity remains the same as the initial quantity, with no need for a reallocation to offline issuance [2][4] Group 2: Subscription and Allocation - The online subscription received an oversubscription rate of 8,487.06 times, leading to the activation of a reallocation mechanism [3] - After reallocation, the final online issuance quantity is 29,304,500 shares, accounting for 40% of the total issuance, while the offline issuance quantity is 43,957,500 shares, representing 60% [3][4] Group 3: Financials and Fees - The total issuance costs amount to RMB 57.39 million, including underwriting fees of RMB 38.35 million and audit fees of RMB 8.25 million [8][9] - The underwriting firm, China Merchants Securities Co., Ltd., will underwrite any shares that are not subscribed by investors [7] Group 4: Lock-up Period - For offline investors, 10% of the allocated shares will have a lock-up period of 6 months starting from the listing date [6]