02698 樂舒適
SOFTCARE
SOFTCARE
| Listing Date | 2025/11/10 Listing in 4 Days |
| Listing Price | -- |
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IPO Detail
COMPANY PROFILE
Softcare Limited is a multinational hygiene product corporation principally engaged in the development, manufacturing and sales of baby and feminine hygiene products, including baby diapers, baby pants, sanitary pads and wet wipes, focusing on the fast-growing Emerging Markets, including Africa, Latin America and Central Asia.
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According to the report, in terms of sales volume in 2024, the Group ranked first in both the baby diapers market and the sanitary pads market in Africa, with a market share of 20.3% and 15.6%, respectively; and in terms of revenue in 2024, the Group ranked second in both the baby diapers market and the sanitary pads market in Africa, with a market share of 17.2% and 11.9%, respectively.
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The Group has established an extensive sales network covering over 30 countries across Africa, Latin America and Central Asia. As of April 30, 2025, the Group had 18 sales branches in 12 countries, and an extensive sales network covering over 2,800 wholesalers, distributors, supermarkets and other retailers in total.
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The Group offer a variety of baby and feminine hygiene products under various brands, including its core brand Softcare, as well as Veesper, Maya, Cuettie and Clincleer. Baby diapers were the main source of the Group’s revenue.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Household & Personal Products |
| Major Business Area | Global |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 90.88M shares |
| No. of International Offer Shares | 81.80M shares |
| No. of HK Offer Shares | 9.09M shares |
| Offer Price | $24.20 - $26.20 |
| Stock Code | 2698 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited, CITIC Securities (Hong Kong) Limited, GF Capital (Hong Kong) Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, CLSA Limited, GF Securities (Hong Kong) Brokerage Limited |
TIME TABLE
| Application Period | Oct 31 (Fri) - noon, Nov 05 (Wed) |
| Price Determination Date | Nov 06 (Thu) |
| Result Announcement Date | On or before Nov 07 (Fri) |
| Result Announcement Date | On or before Nov 07 (Fri) |
| Result Announcement Date | On or before Nov 10 (Mon) |
| Dealings in Shares commence on | Nov 10, 2025. (Mon) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $24.20 - $26.20 |
| Capitalization | 14.66B - 15.87B |
| NAV / share ($) | $5.6 - $5.9 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 25.2, the net proceeds raised would be HKD 2.14B, of which |
| 71.4% : Expand overall production capacity and upgrade production lines |
| 11.6% : Marketing and promotion activities in Africa, Latin America and Central Asia |
| 4.7% : Strategic acquisitions of businesses in the hygiene product industry |
| 0.4% : Upgrading CRM system |
| 2.6% : Engaging management consulting firms for conducting analysis on new markets and new products |
| 9.3% : 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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Listing --Offer Price︰--
| Currency | : |
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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).