Core Viewpoint - Balanshi (920112.BJ) experienced a significant decline of 6.63% in its stock price, closing at 44.96 yuan on August 29, following its listing on the Beijing Stock Exchange on August 28 [1] Group 1: IPO Details - Balanshi issued a total of 19 million shares before the exercise of the over-allotment option, and 21.85 million shares if the over-allotment option is fully exercised, with an issue price of 15.78 yuan per share [1] - The total funds raised before the exercise of the over-allotment option amounted to 299.82 million yuan, with a net amount of 258.19 million yuan after deducting issuance costs, which is 41.74 million yuan less than the original plan [1] Group 2: Use of Proceeds - The company plans to use the raised funds for projects including the intelligent transformation and expansion of automotive maintenance equipment, the establishment of an intelligent factory for lifting equipment, and the construction of a research and development center [1] Group 3: Issuance Costs - The total issuance costs for Balanshi were 41.63 million yuan before the exercise of the over-allotment option and 45.68 million yuan if the over-allotment option is fully exercised, including a sponsorship fee of 4 million yuan and underwriting fees of 22.98 million yuan before the over-allotment option and 27.03 million yuan if fully exercised [1]