Venture(US:VEMLY) Shang Hai Zheng Quan Bao·2025-12-17 18:24Core Viewpoint - Shenzhen Tian Su Measurement Testing Co., Ltd. has received approval for its initial public offering (IPO) of A-shares on the ChiNext board, with a total issuance of 16,304,348 shares at a price of RMB 36.80 per share [1][2]. Group 1: Issuance Details - The IPO will be conducted through a combination of strategic placement, offline issuance to qualified investors, and online issuance to the public [1]. - The initial strategic placement was set at 2,445,651 shares, accounting for 15% of the total issuance, with the final strategic placement adjusted to 1,630,434 shares, representing 10% of the total [2][3]. - The final allocation after the strategic placement resulted in 7,581,414 shares for offline issuance and 7,092,500 shares for online issuance, with a final online subscription rate of 0.0144% [3]. Group 2: Subscription and Payment - The subscription and payment for the new shares concluded on December 16, 2025, with strategic placement investors fulfilling their payment obligations [4][5]. - The total number of shares subscribed by offline investors was 7,580,500, with a total payment amounting to RMB 278,962,400 [10]. Group 3: Underwriting and Fees - The total issuance costs amounted to RMB 75.3686 million, including underwriting fees of RMB 60 million and other associated costs [12]. - The underwriting firm, China Merchants Securities, will underwrite all shares that were not subscribed by investors, totaling 52,370 shares [9][11].