$AUNTEA JENNY(02589.HK) Mainland tea beverage company Auntie Shanghai and photovoltaic cell manufacturer Hainan Junda New Energy will start their IPO from today until this Friday and will be listed next Thursday.

Auntie Shanghai plans to globally issue 2.411 million H shares, with 10% for Hong Kong offering and the rest for international placement. The offer price ranges from HK$95.57 to HK$113.12, with a board lot of 30 shares and an entry fee of HK$3,427.8.

The company aims to raise up to HK$273 million, with about 25% for enhancing digital capabilities; 20% for R&D to improve raw material and ingredient quality; 20% for upgrading production, processing, storage, logistics, and distribution capabilities; 15% for boosting brand momentum and further expanding the store network; and 10% for various marketing investments. The stock code is 2589.

Hainan Junda New Energy plans to globally issue 63.432 million H shares, with 10% for Hong Kong offering and the rest for international placement. The offer price ranges from HK$20.4 to HK$28.6, with a board lot of 100 shares and an entry fee of HK$2,888.8.

The company aims to raise up to HK$21.81 billion, with about 75% for building an overseas photovoltaic cell production base with an annual capacity of 5GW, expected to start commercial production in 2026; 30% for purchasing and installing production equipment and machinery; 15% for constructing critical power infrastructure for the overseas factory; and 13% for covering initial operational expenses of the overseas factory. The stock code is 2865.