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Jin Medical International Priced, Nasdaq: ZJYL

Chinese wheelchair manufacturer.

Industry: Health Care

Latest Trade: $1.08 +0.01 (+0.5%)

First Day Return: -0.6%

Return from IPO: +167.5%

Industry: Health Care

Our China-based VIE, Changzhou Zhongjing and its subsidiaries, design and manufacture wheelchairs and living aids products for people with disabilities, the elderly, and people recovering from injury. Our business focuses primarily on wheelchairs. For the six months ended March 31, 2021, and fiscal years ended September 30, 2020 and 2019, sales of wheelchairs and wheelchair components represented approximately 99.7%, 98.9% and 99.7%, respectively, of our revenue, while sales of living aids products such as oxygen concentrators and bathing machines represented approximately 0.3%, 1.1% and 0.3%, respectively, of our revenue. Currently, our living aids products are only sold to a few selected customers to test the markets for these products. The majority of our products are sold to dealers in Japan and China, while a small number of our products are also sold to dealers located in other regions including the United States, Canada, Australia, Korea, Israel, Singapore, and others. Since 2006, Changzhou Zhongjin and its subsidiaries have been designing and manufacturing wheelchairs. Almost all of our wheelchairs currently for sale are manual wheelchairs. We only started selling electric wheelchairs in 2018, and electric wheelchairs accounted for 1% of our revenues for the six months ended March 31, 2021, and the fiscal years ended September 30, 2020 and 2019.
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IPO Data
IPO File Date 09/24/2021
Offer Price $8.00
Price Range $8.00 - $9.00
Offer Shares (mm) 1.0
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/27/2023
Offer Price $8.00
Price Range $8.00 - $9.00
Offer Shares (mm) 1.0
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Prime Number Capital
SBI Capital Markets
Company Data
Headquarters Changzhou, China
Founded 2006
Employees at IPO 258
Website www.zhjmedical.com

Jin Medical International (ZJYL) Performance