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IPO Detail
02539 樂摩科技
LEMO SERVICES
Listing Date2025/12/03    Listed Today
Listing Price40.000
 
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  • One Lot Success Rate
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COMPANY PROFILE

Lemo Services Co. provides massage services performed by its mechanical massage equipment stationed at various points of service in public venues of high foot traffic across China.

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According to Frost & Sullivan, the Group ranked first among all mechanical massage service providers in the PRC in terms of transaction value for three consecutive years from 2022 to 2024, representing a market share of 33.9%, 37.3% and 42.9% in the corresponding year, respectively. The Group also ranked first in terms of revenue in the mechanical massage market in China in 2024 with a market share of over 50%.

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The Group launched its Lemobar brand in 2016, dedicated to providing consumers with mechanical massage services in various consumption scenarios, including commercial complexes, cinemas and traffic hubs (including airports and high-speed rail stations).

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As at 15 November 2025, the Group had established a network of more than 48,000 POS for its mechanical massage service, placing more than 533,000 mechanical massage equipment across 31 provincial-level administrative division and 337 cities in China, with a cumulative total of over 174 million identifiable service consumers and more than 40 million registered members.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureHotels & Restaurants & Leisure
Major Business AreaChina
Board Lot100
GLOBAL OFFERING
No. of Offer Shares5.56M H shares
No. of International Offer Shares5.00M H shares
No. of HK Offer Shares0.56M H shares
Offer Price$27.00 - $40.00
Stock Code2539
Sponsor(s)China Securities (International) Corporate Finance Company Limited, Shenwan Hongyuan Capital (H.K.) Limited
Underwriter(s)China Securities (International) Corporate Finance Company Limited, Shenwan Hongyuan Securities (H.K.) Limited, SPDB International Capital Limited, CMB International Capital Limited, BOCI Asia Limited, ICBC International Securities Limited, CCB International Capital Limited, Tiger Brokers (HK) Global Limited, Guoyuan Securities Brokerage (Hong Kong) Limited, ABCI Securities Company Limited, Quam Securities Limited, Livermore Holdings Limited, Beta International Securities Limited
TIME TABLE
Application PeriodNov 25 (Tue) - noon, Nov 28 (Fri)
Price Determination DateDec 01 (Mon)
Result Announcement DateOn or before Dec 02 (Tue)
Result Announcement DateOn or before Dec 02 (Tue)
Result Announcement DateOn or before Dec 03 (Wed)
Dealings in Shares commence onDec 03, 2025. (Wed)
Reallocation of Shares Offered
Sales Statistics (HKD)
Offer Price$27.00 - $40.00
Capitalization (H Shares)627.10M - 929.04M
NAV / share ($)$9.12 - $10.39 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 33.5, the net proceeds raised would be HKD 147.32M, of which
60% : Expanding the coverage and penetration of POS network
20% : Ongoing enhancement and iteration of technology
10% : Enhancing brand
10% : Working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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