Zhejiang Sanhua Intelligent Controls (HKG:2050) raised HK$9.18 billion in net proceeds from its initial public offering in Hong Kong, according to a Friday after-market filing with the Hong Kong bourse.

The refrigeration and air-conditioning components maker priced the 414,379,500 shares offered at HK$22.53, the top end of the price range.

Sanhua Intelligent Controls said in an earlier filing that offer size adjustment option was fully exercised, resulting in the issuance and allotment of 54.05 million additional shares.

The Hong Kong public offering was 747.92 times subscribed and the number of shares offered under this component grew to 109,810,600, from 25,223,100 initially, after the exercise of the size adjustment option.

Meanwhile, the international offering was 23.57 times subscribed and the number of shares offered was reduced to 304,568,900, following the full exercise of the size adjustment option.

Sanhua Intelligent Controls will make its trading debut on the Hong Kong bourse Monday, June 23.