09927 賽力斯
SERES
SERES
| Listing Date | 2025/11/05 Listed Today |
| Listing Price | 131.500 |
Subscription Result
- Subscription Rate132.68x
- Guarantee One Lot Size100 lot
- One Lot Success Rate10%
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IPO Detail
COMPANY PROFILE
Seres Group Co. is a technology company focused on new energy vehicles, including the research and development, manufacturing, sales and services of new energy vehicles as well as core NEV components. In 2021, the Group launched the AITO brand and have successfully launched four models: AITO M5, AITO M7, AITO M8, and AITO M9.
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According to the report, the AITO brand topped China’s NEV reputation rankings with a Net Promoter Score (NPS) of 82% in the second half of 2024. Total deliveries of the AITO brand reached 387,100 vehicles in 2024, marking a 268% year-on-year growth. The Group’s AITO models rank fifth in China’s new energy passenger vehicle market with a market share of 3.7% and third in China’s premium brand new energy passenger vehicle market in terms of sales volume in 2024.
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As of June 30, 2025, the Group’s physical AITO stores comprised over 350 AITO User Centers and over 700 experience centers across over 240 cities in China.
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The Group generate substantially all of its revenue from vehicle sales, primarily from its NEVs, with a small portion from ICE vehicles. The Group primarily sell its NEVs through its distributors’ AITO stores.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Automobiles |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 108.62M H shares |
| No. of International Offer Shares | 97.76M H shares |
| No. of HK Offer Shares | 10.86M H shares |
| Offer Price | $131.50 |
| Stock Code | 9927 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited, China Galaxy International Securities (Hong Kong) Co., Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, China Galaxy International Securities (Hong Kong) Co., Limited, Huatai Financial Holdings (Hong Kong) Limited |
TIME TABLE
| Application Period | Oct 27 (Mon) - noon, Oct 31 (Fri) |
| Price Determination Date | Nov 03 (Mon) |
| Result Announcement Date | On or before Nov 04 (Tue) |
| Result Announcement Date | On or before Nov 04 (Tue) |
| Result Announcement Date | On or before Nov 05 (Wed) |
| Dealings in Shares commence on | Nov 05, 2025. (Wed) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $131.50 |
| Capitalization (H Shares) | 13.18B |
| NAV / share ($) | $18.30 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 131.50, the net proceeds raised would be HKD 12.92B, of which |
| 70% : Invest in research and development projects |
| 20% : Diversified new marketing channels, overseas sales, and charging network services, to enhance global brand awareness |
| 10% : Working capital |
IPO NEWS
| 05/11/2025 16:08 |
| {New Stock}SERES(09927) ends flat at HK$131.5 |
| 05/11/2025 09:20 |
| {New Stock}SERES(09927) opens down 1.98% at HK$128.9 |
| 04/11/2025 18:35 |
| {New Stock}SERES ends up 0.68% at HK$132.4 on grey market |
| 04/11/2025 16:20 |
| {New Stock}SERES(09927) up 1.6% at HK$133.6 on grey market |
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).