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Equity · IPO
Ningbo Kbe Electrical Technology’s IPO debut on Shenzhen Stock Exchange today
2020/08/24 02:53:06

Aug 24, 2020 (China Knowledge) - Ningbo Kbe Electrical Technology (300863) to start trading on the Shenzhen ChiNext Market today, at a public offering price of RMB 18.79 per share, raising RMB 259.49 mln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 19.08.

Dongguan Securities acted as the lead underwriter and sponsor for the IPO.

Earlier, Ningbo Kbe Electrical Technology said its IPO was 6,220 times oversubscribed. Since 2019 to date, A-shares IPOs achieved median oversubscription of 2,373 times and the highest at 8,375 times. We expect the IPO to hit limit of 44% increment in its first day of listing. For subsequent 30-day trading the performances can be obtained from our China IPO Weekly.

Ningbo KBE Electrical Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of automotive cables. The Company's main products include conventional cables and special cables. Conventional cables include polyvinyl chloride (PVC) low-voltage cables and cross-linked high-temperature cables. Special cables include aluminum cables, paired-pair cables, shielded cables, new energy cables, multi-core sheathed cables, silicone rubber cables, coaxial cables, data transmission cables and charging cables. The Company mainly conducts its businesses within the domestic market.

In financial year 2019, Ningbo Kbe Electrical Technology garnered a total revenue of RMB 913.12 mln, down 15% YoY. In terms of net income, it achieved RMB 60 mln, down 3% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 21.46% and 10.07% respectively, earning per share (EPS) of 1.46 RMB.


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