Eddid Financial: DRINDA (2865.HK) Launched Its IPO Today

DRINDA (2865.HK), a leading specialized manufacturer of PV cells, launched its IPO today.

DRINDA (the “Company”) intends to issue 63,432,300 shares, with an offer price ranging from HKD 20.4 – 28.6 per share. Each lot will consist of 100 shares, requiring an entry fee of approximately HK$ 2,888.84. The maximum amount raised through this IPO is estimated to be around HK$ 1.81 billion. The offer period will run from April 28 – May 02, and the company is expected to be listed on May 08.

The Company demonstrates leadership in PV cell technology and production and has been leading the global PV cell industry transition. Among specialized manufacturers, the company’s N-type TOPCon cells ranked first globally in market share, reaching approximately one-quarter (24.7%)*. Additionally, the company’s PV cells' market share reached approximately 17.9%, ranking second globally*.

Solar power generation, i.e., the conversion of solar radiation into electrical energy using PV cells, has become the fastest-developing renewable energy source in recent years. The vigorous development of renewable energy has become a global consensus, and solar power is expected to become the largest source of global renewable energy in terms of cumulative installed capacity by 2027. Additionally, the Company is expected to benefit from national support for the industry in China.

Eddid Financial is one of the Joint Lead Manager of the launching of DRINDA’s IPO.

The IPO subscription period commences today. Interested investors are encouraged to stay informed.

*In terms of shipment volume in 2024.

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Prospectus: https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0428/2025042800051.pdf

Investment involves risks, be cautious of trading.

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Eddid Financial: DRINDA (2865.HK) Launched Its IPO Today