深圳天溯计量检测股份有限公司 首次公开发行股票并在创业板上市发行公告

Core Viewpoint - Shenzhen Tiansu Measurement and Testing Co., Ltd. is conducting an initial public offering (IPO) on the ChiNext board, with a share price set at 36.80 yuan, which reflects a diluted price-to-earnings (P/E) ratio of 21.78 times, lower than the industry average of 35.72 times [3][12]. Group 1: IPO Details - The IPO will be managed by China Merchants Securities Co., Ltd. as the sponsor and lead underwriter, utilizing a combination of strategic placement, offline issuance, and online issuance methods [2]. - The strategic placement will involve a special asset management plan for the company's senior management and core employees, with a final allocation of 163,043.4 shares, representing 10% of the total issuance [6]. - The final issuance price of 36.80 yuan per share is determined after considering various factors, including market conditions and the company's fundamentals [4]. Group 2: Subscription Process - Investors are required to submit their applications for both online and offline subscriptions on December 12, 2025, without needing to pay the subscription funds at the time of application [5]. - The offline subscription will take place from 9:30 AM to 3:00 PM, while the online subscription will occur from 9:15 AM to 11:30 AM and 1:00 PM to 3:00 PM on the same day [5]. - A mechanism for adjusting the allocation between online and offline subscriptions will be activated based on the demand observed during the subscription period [7]. Group 3: Lock-up Period and Restrictions - The stocks from the online issuance will have no restrictions and can be traded immediately upon listing, while 10% of the stocks from the offline issuance will be subject to a six-month lock-up period [6]. - The strategic placement shares will have a lock-up period of 12 months starting from the listing date [7]. - Investors who fail to meet the payment requirements for their allocated shares will face penalties, including the invalidation of their allocations [8][10].