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Equity · IPO
Academy of Environmental Planning and Design Nanjing University’s IPO debut on Shenzhen Stock Exchange today
2020/08/24 03:33:43

Aug 24, 2020 (China Knowledge) - Academy of Environmental Planning and Design Nanjing University (300864) to start trading on the Shenzhen ChiNext Market today, at a public offering price of RMB 71.71 per share, raising RMB 860.52 mln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 35.4.

Huatai United Securities acted as the lead underwriter and sponsor for the IPO.

Earlier, Academy of Environmental Planning and Design Nanjing University said its IPO was 6,366 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.

Academy of Environmental Planning & Design Co Ltd Nanjing University is a China-based company that mainly provides environmental solutions for government and corporate customers. The Company's main services include environmental survey and appraisal, construction project assessment, environmental research and planning, environmental engineering contracting, environmental engineering design and supervision, and third-party environmental pollution control. The Company mainly conducts its businesses in the China market.

In financial year 2019, Academy of Environmental Planning and Design Nanjing University garnered a total revenue of RMB 423.45 mln, up 37% YoY. In terms of net income, it achieved RMB 114 mln, up 80% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 72.6% and 30.95% respectively, earning per share (EPS) of 3.05 RMB.


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