02553 首鋼朗澤
SHOUGANG LANZA
SHOUGANG LANZA
| Register Close | 2025/07/04 Suspended |
| Listing Date | 2025/07/09 |
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IPO Detail
COMPANY PROFILE
Beijing Shougang Lanzatech Technology Co. is a company in the carbon capture, utilization and storage industry. It mainly focuses on producing low-carbon products including ethanol and microbial protein through carbon capture and utilization technologies and providing low carbon integrated solutions.
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According to the report, the Group is the first company in the CCUS industry utilizing synthetic biotechnology that has been validated to achieve both commercialization and scalability of the production of low-carbon products. The Group have completed the world’s first set of industrial devices for producing ethanol and microbial protein through bio-fermentation processes by utilizing the carbon-containing industrial off-gas generated by steel and ferroalloy mills and developed second-generation carbon negative technology that utilizes carbon dioxide, carbon monoxide and hydrogen as raw gas components for the conversion of ethanol and microbial protein.
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The Group’s primary revenue is derived from the sale of ethanol and microbial protein, as well as by-products such as biogas and crude alcohol. The Group’s ethanol products are sold directly to major domestic oil and gas companies, as well as through distributors in PRC and overseas and its microbial protein products are also sold using a combination of direct sales and distributorship methods to livestock feed manufacturers.
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As of June 20, 2025, the Group operated four production facilities across three provinces in the PRC: Hebei Shoulang Phase I production facility, Shoulang Jiyuan production facility, Ningxia Binze production facility and Guizhou Jinze production facility. Each of these production facilities produces both ethanol and microbial protein and they have a total annual production capacity of 210,000 tons of ethanol and 23,200 tons of microbial protein.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Industrials |
| Major Business Area | China |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 20.16M H shares |
| No. of International Offer Shares | 18.14M H shares |
| No. of HK Offer Shares | 2.02M H shares |
| Offer Price | $14.50 - $18.88 |
| Stock Code | 2553 |
| Sponsor(s) | Guotai Junan Capital Limited |
| Underwriter(s) | Guotai Junan Securities (Hong Kong) Limited, CLSA Limited, Fosun International Securities Limited, Maxa Capital Limited, BOCI Asia Limited, CCB International Capital Limited, DBS Asia Capital Limited, CMBC Securities Company Limited, Zheshang International Financial Holdings Co., Limited, China Galaxy International Securities (Hong Kong) Co., Limited, Futu Securities International (Hong Kong) Limited, Livermore Holdings Limited |
TIME TABLE
| Application Period | Jun 30 (Mon) - noon, Jul 04 (Fri) |
| Price Determination Date | Jul 07 (Mon) |
| Result Announcement Date | On or before Jul 08 (Tue) |
| Result Announcement Date | On or before Jul 08 (Tue) |
| Result Announcement Date | On or before Jul 09 (Wed) |
| Dealings in Shares commence on | Jul 09, 2025. (Wed) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $14.50 - $18.88 |
| Capitalization | 5.51B - 7.18B |
| NAV / share ($) | $2.9 - $3.12 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 16.69, the net proceeds raised would be HKD 284.40M, of which |
| 37.9% : Fund the construction and development of our SAF production facilities in Baotou |
| 21.2% : Used for Hebei Shoulang Phase II facility |
| 11.4% : Research and development of bacteria strains, production equipment and process as well as intelligent production management systems |
| 14.1% : Technological upgrade of four production facilities |
| 5.3% : Development of new products |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).