Venture(US:VEMLY) Shang Hai Zheng Quan Bao·2025-09-01 19:43Core Viewpoint - Jiangxi Aifenda HVAC Technology Co., Ltd. has received approval for its initial public offering (IPO) of up to 21.67 million shares on the ChiNext board, with the underwriting led by Zheshang Securities Co., Ltd. [1] Summary by Sections Issuance Details - The total number of shares for this issuance is set at 21.67 million, with a price of RMB 27.69 per share [2] - The issuance will involve a combination of strategic placement, offline pricing for qualified investors, and online issuance for public investors holding non-restricted A-shares [1][2] Strategic Placement - The initial strategic placement is 4.33 million shares, accounting for 20% of the total issuance [3] - The final strategic placement consists of 4.26 million shares, which is 19.67% of the total issuance, with a portion allocated to senior management and core employees [3] Issuance Process - The online issuance of 520,050 shares will occur on September 1, 2025, with payment obligations due by September 3, 2025 [4] - Investors must ensure that their funds are available by the specified date to avoid invalidation of their share allocation [5] Lock-up Periods - Online issued shares have no restrictions and can be traded immediately upon listing, while 10% of the offline issued shares will have a six-month lock-up period [6] - Shares allocated through strategic placement will have a 12-month lock-up period [6] Subscription Statistics - The online issuance received 12,841,532 valid applications, totaling 57,073,257,500 shares, with a total of 114,146,515 allocation numbers [9] - The initial effective subscription multiple for online investors was 10,974.57, leading to a decision to implement a reallocation mechanism [10] Reallocation Mechanism - Following the reallocation, the final offline issuance will be 8.73 million shares (50.13% of the adjusted total), while the online issuance will be 8.68 million shares (49.87% of the adjusted total) [10] - The final online issuance success rate is 0.0152% with an effective subscription multiple of 6,573.37 [10] Lottery and Results Announcement - A lottery for share allocation will take place on September 2, 2025, with results announced on September 3, 2025 [11]