06603 IFBH
IFBH
IFBH
| Register Close | 2025/06/25 IPO Closing in 5 Days |
| Listing Date | 2025/06/30 |
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IPO Detail
COMPANY PROFILE
IFBH is a ready-to-consume beverage and food company rooted in Thailand. Established in 2013, the Group’s if brand is a leader in introducing ready-to-drink natural coconut water to mainland China. The Group’s product portfolio currently consists of three product categories: natural coconut water-related beverages, other beverages and plant-based snacks.
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According to CIC, in terms of retail sales value, the Group ranked first in mainland China’s coconut water-related beverage market for five consecutive years since 2020, with a market share of approximately 34% in 2024; ranked first in Hong Kong’s coconut water-related beverage market for nine consecutive years since 2016, with a market share of approximately 60% in 2024. The Group is the second largest company in the global coconut water-related beverage market in 2024.
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The Group’s product portfolio is centered around two trusted brands with Thai roots, the Group’s flagship brand, if, and Innococo. if focuses on offering natural and healthy Thai beverages and food products featuring concepts tailored for the taste of a wide variety of consumers, while Innococo aims to offer a healthier alternative to conventional sports and functional drinks. In 2024, the Group had 32 products on offer.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Food & Beverages |
| Major Business Area | Southeast Asia |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 41.67M shares |
| No. of International Offer Shares | 37.50M shares |
| No. of HK Offer Shares | 4.17M shares |
| Offer Price | $25.30 - $27.80 |
| Stock Code | 6603 |
| Sponsor(s) | CITIC Securities (Hong Kong) Limited, CLSA Limited |
| Underwriter(s) | CLSA Limited, BOCI Asia Limited |
TIME TABLE
| Application Period | Jun 20 (Fri) - noon, Jun 25 (Wed) |
| Price Determination Date | Jun 26 (Thu) |
| Result Announcement Date | On or before Jun 27 (Fri) |
| Result Announcement Date | On or before Jun 27 (Fri) |
| Result Announcement Date | On or before Jun 30 (Mon) |
| Dealings in Shares commence on | Jun 30, 2025. (Mon) |
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 | $25.30 - $27.80 |
| Capitalization | 6.71B - 7.37B |
| NAV / share ($) | $4.79 - $5.18 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 26.50, the net proceeds raised would be HKD 1.02B, of which |
| 30% : Strengthen fulfillment capabilities |
| 22% : Brand building |
| 13% : Solidify market presence and penetration in mainland China, extend presence in Australia, the Americas and Southeast Asia |
| 5% : Enhance product development capabilities |
| 20% : Strategic alliances and acquisitions in Asia, North America or Australia for business expansion |
| 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).