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1768 IPO | Naruto is busy IPO first hand subscription amount HK$23898.62

The company plans to sell 14.1011 million shares worldwide from January 20 to 23, and is expected to market on January 28, with a purchase price of HK$23898.62. The company is the leading retailer of China's CSI Food & Beverage index, with more than 0.0195 million stores in September 2025, covering various cities. Other income growth accelerated, with a compound year growth of 203% from 2022 to 2024. With this IPO coming in, BlackRock, as well as the foundation investor, the pooled funds will be important for supply chain upgrades, store network upgrades and brand building.


$BUSYMING(01768.HK)$The announcement was made that in the IPO on January 20-January 23, the company intends to offer approximately 14.1011 million shares worldwide and is expected to be listed on January 28.

Sonata has a busy IPO

Naruto is very busy Company Profile

The company is a growing and growing retailer of CSI Food & Beverage index in China. Many of the stores in the corporate store network are located in a crowded and accessible street location to provide a friendly and comfortable shopping experience. The company offers a wide selection of high-quality and new products on high frequency. The creation of the company, based on the consumption model of the originator*, focused on meeting the needs of consumers for quality and mid-priced snacks, and through the supply chain restructuring, continuously improving the product mix, and redefining the retail price category.

The company's unique experience in the snack sector has also benefited others, expanding to a wider range of categories. As of September 30, 2025, the Company had a network of 19,517 stores covering 28 provinces and all wire-level cities in China, and approximately 59% of the stores in the company's network were located in prefectures and towns.

Sonata is very busy Financial profile

Increased from RMB 4285.7 million in 2022 to RMB 10295.3 million in 2023, and further increased to RMB 39343.5 million in 2024, with a compound year growth rate of 203.0% for 2022 to 2024. The Company's revenue increased further from RMB26465.5 million for the nine months ended 30 September 2024 to RMB46371.5 million for the nine months ended 30 September 2025.

For the two months ending in 2022, 2023, 2024 and 30 September 2025, Maury distributed RMB319.4 million, RM772.3 million, RMB2999 million, RM1899.8 million and RMB4510 million. For the same year/period, the gross margin of the company was 7.5%, 7.5%, 7.6%, 7.2% and 9.7%.

Prediction of Busy Industry

The CSI Food & Beverage index covers products that cater to the leisure and daily nutritional needs of the people of Africa, and are an important component of the Chinese consumer market. The steady expansion of the Chinese economy, the continued progress of the colonization of rival cities, and the steady increase in subsidized income drove the steady growth of China's CSI Food & Beverage index, making China the world's largest market in the CSI Food & Beverage index. Since the CSI SWS Food & Beverage index is a major everyday necessity, China's CSI Food & Beverage index is expected to maintain steady growth in the near future.

Retailers play an important role in connecting consumers with manufacturers. China's CSI Food & Beverage index Retail Industry market pattern has experienced steady growth in recent years, with the market pattern growing from RMB5.5 trillion in 2019 to RMB7.1 trillion in 2024, a compound year growth rate of 5.2%. The market model of China's CSI Food & Beverage index Retail Industry is forecast to reach around RMB8.7 trillion, with a compound year growth rate of 4.3% from 2024 to 2022. Below is the historical and forecast market pattern of China's CSI SWS Food & Beverage index Retail Industry 2019 to 2029:

Sonata is a busy cornerstone investor

The Foundation Investor has agreed to purchase at the sale price or at the request of other specified entities to share the relevant number of shares available for purchase at an offer price of approximately US$195 million (or approximately HK$1519.9 million) under the terms of the Terms and Conditions. THE INITIAL SALE PRICE OF HK$233.10 PER SHARE (THE AVERAGE NUMBER OF THE INDICATIVE SALE PRICE RANGE IS BASED ON THE IMMEDIATE AUCTION PLAN), AND THE TOTAL NUMBER OF SOLD SHARES PURCHASED BY FOUNDATION INVESTORS WILL BE 6,519,800 SHARES. Capital Investors Include: Tema, Temasek, BlackRock, Fuda Funds, Boda International, Toda, Springscapital, Thai Life

Naruto is busy going public for fundraising purposes

In terms of financing purposes, Sonata is busy anticipating a net global sale proceeds of approximately HK$3.124 billion (assuming no overallotment option is exercised at an offer price of HK$233.1). Based on the prospectus, it is eager to use the global IPO fund for the following purposes:

About 25.0% will be used to enhance the company's supply chain capacity and enhance the company's product development capabilities. Approximately 20.0% will be used for upgrading the network of the store, as well as the continuity of the affiliates. About 20.0% will be used for brand building and promotion activities. About 20.0% will be used to enhance the Company's Technology and Digitalization level. Approximately 5.0% will be used for strategic investment and acquisition opportunities that align with the Company's Business in selective locations. Approximately 10.0% will be used for operating funds and other general corporate purposes.

Read more:Sonata is busy IPO

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Frequency Asked Questions
What is the busiest time for Sonata to go on the market?
Naruto is busy opening a public offering on January 20-23, with plans to sell approximately 14.1011 million shares worldwide and is expected to go public on January 28.
How much is the subscription amount for Sonata Busy?
Naruto was very busy ordering HK$23898.62.
What company is Naruto Busy?
A retail enterprise based on the CSI SWS Food & Beverage index and Leisure Snacks is attributed to the type of retail market that is connected to the number of retail outlets. The group focuses on medium prices, large packaging, and a wide variety of snacks, mainly aimed at general consumers, and stores are located in the middle areas of communities, shopping districts and provincial districts.

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