02408 遇見小麵
XIAO NOODLES
XIAO NOODLES
| Listing Date | 2025/12/05 Listing in 2 Days |
| Listing Price | -- |
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IPO Detail
COMPANY PROFILE
Guangzhou Xiao Noodles Catering Management Co. Ltd. is a Chinese noodle restaurants operator in China. The Group operates the Xiao Noodles brand in the Chinese Mainland and Hong Kong.
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The Group’s foundation was built on Chongqing noodles. Being a Chinese restaurant chain that specializes in Chongqing noodles, the Group has expanded its offerings to a diverse range of spicy and non-spicy dishes encompassing noodles, rice, snacks and beverages.
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As of November 18, 2025, the Group’s restaurant network encompassed 451 restaurants in 22 cities in the Chinese Mainland and 14 restaurants in Hong Kong and it had 115 new restaurants in pre-opening preparation. The Group primarily generated its revenue from self-operated restaurant operations and franchise management.
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According to Frost & Sullivan, the Group was the fourth largest Chinese noodle restaurants operator in China in terms of GMV in 2024, capturing a market share of 0.5%. The Group ranked the thirteenth in the overall Chinese QSR market in terms of GMV in 2024 with a market share of 0.14%.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Hotels & Restaurants & Leisure |
| Major Business Area | China |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 97.36M H shares |
| No. of International Offer Shares | 87.63M H shares |
| No. of HK Offer Shares | 9.74M H shares |
| Offer Price | $5.64 - $7.04 |
| Stock Code | 2408 |
| Sponsor(s) | CMB International Capital Limited |
| Underwriter(s) | CMB International Capital Limited, CLSA Limited, SDIC Securities (Hong Kong) Limited, Futu Securities International (Hong Kong) Limited, China Galaxy International Securities (Hong Kong) Co., Limited, BOCI Asia Limited, Shenwan Hongyuan Securities (H.K.) Limited, Zhongtai International Securities Limited, Livermore Holdings Limited, ABCI Securities Company Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Nov 27 (Thu) - noon, Dec 02 (Tue) |
| Price Determination Date | Dec 03 (Wed) |
| Result Announcement Date | On or before Dec 04 (Thu) |
| Result Announcement Date | On or before Dec 04 (Thu) |
| Result Announcement Date | On or before Dec 05 (Fri) |
| Dealings in Shares commence on | Dec 05, 2025. (Fri) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $5.64 - $7.04 |
| Capitalization (H Shares) | 4.01B - 5.00B |
| NAV / share ($) | $1.01 - $1.19 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 6.34, the net proceeds raised would be HKD 551.60M, of which |
| 60% : Expanding restaurant network, broadening geographical coverage and deepening market penetration |
| 10% : Advancing information technology capabilities through upgrading the technology and digital systems across restaurant network |
| 10% : Brand building and strengthening customer loyalty |
| 10% : Strategic investment in potential companies in the upstream food processing industry |
| 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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Result Announcement --
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).