Listing Overview - Zhejiang Zhenshi New Materials Co., Ltd. will list its common shares on the Shanghai Stock Exchange on January 29, 2026 [1] - The total share capital after the public offering will be 1,740.366367 million shares, with 261.055 million shares being offered [5] - The offering price is set at 11.18 yuan per share, resulting in a diluted price-to-earnings (P/E) ratio of 32.59, which is below the industry average of 33.72 [6][7] Market Conditions - The company operates in the non-metallic mineral products industry, which has an average static P/E ratio of 33.72 as of January 14, 2026 [6] - The average static P/E ratio for comparable companies in the same industry, after excluding outliers, is lower than the company's offering P/E [7] Share Liquidity - The initial public offering will have a limited number of circulating shares, with only 177.249906 million shares available for trading, representing 10.18% of the total share capital [3] - The lock-up period for original shareholders is 36 months, while strategic investors will have a 12-month lock-up, and 10% of the shares allocated to offline investors will be locked for 6 months [3] Trading Risks - The stock will not have a price fluctuation limit for the first five trading days, which may lead to significant price volatility [2] - The stock will be available for margin trading from the first day of listing, introducing additional market and liquidity risks [4]
浙江振石新材料股份有限公司 首次公开发行股票主板上市公告书提示性公告