Venture(US:VEMLY) Shang Hai Zheng Quan Bao·2025-09-04 18:38Core Points - 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 a determined price of RMB 27.69 per share [1][2] - The IPO will utilize a combination of strategic placement, offline issuance, and online issuance methods to distribute shares [1] - The initial strategic placement was set at 4.33 million shares, accounting for 20% of the total issuance, with final strategic placement adjusted to 4.26 million shares, or 19.67% of the total [3][6] Strategic Placement - The strategic placement includes participation from senior management and core employees, with their portion amounting to approximately 9.67% of the total issuance [3][6] - The remaining strategic placement shares were allocated to other investors, totaling 10% of the issuance [3][6] - A total of 7.25 million shares were reallocated from the initial strategic placement to the offline issuance due to adjustments [3] Issuance Mechanism - The issuance price is determined based on the median and weighted average of bids from qualified investors, excluding the highest bid [2] - The final allocation saw a significant interest from online investors, with a subscription multiple of 10,974.57, prompting a reallocation of shares from offline to online [4] - After the reallocation, the final distribution was 872.60 million shares for offline investors and 868.25 million shares for online investors [4] Subscription and Payment - The subscription and payment process for the new shares concluded on September 3, 2025, with detailed statistics on the participation from strategic, online, and offline investors [5] - Online investors subscribed for 8,626,403 shares, while offline investors subscribed for 8,726,036 shares, with no shares being declined by offline investors [8] Lock-up Period - A lock-up period of 6 months applies to 10% of the shares allocated to offline investors, while 90% of the shares will be freely tradable upon listing [7]