Intelligent Living Application Group
Headquartered in Hong Kong, we manufacture and sell high quality mechanical locksets to customers in the United States (US) and Canada. We have continued to diversify and refine our product offerings over the past 30 years to meet our customers’ needs. We believe we are one of the pioneers of mechanical lockset manufacturing in China. Since inception, to cope with our development and increase customer satisfaction in quality, we keep investing in self-designed automated product lines and new craftsmanship, as well as in developing new products, including smart locks.
Starting in 2000, we have offered products that comply with the American National Standards Institute (ANSI) Grade 2 and Grade 3 standards that are developed by the Builders Hardware Manufacturing Association (BHMA) for ANSI.
Our focus in producing mechanical locksets – including locksets for outdoors (such as main entrances and gates) and indoors – has resulted in sustainable growth in our business and raised our competitiveness. To maintain our growth, our products are beyond a simple lockset for security purposes. We offer a wide range of Original Design Manufacturer (“ODM”) door locksets to various customer segments from “Premium Series” to “Economy-oriented Series” with classic to contemporary looks, functions and colors.
To meet increasing consumer needs for smart locks and smart home products, we have been researching and developing smart locks in the past couple of years.
**Note: Revenue and net loss figures are in U.S. dollars for the year ended Dec. 31, 2021.
(Note: Intelligent Living Application Group priced its IPO on Tuesday, July 12, 2022, at $4.00 – $1 below its assumed IPO price of $5.00 – and sold 5.06 million shares, the number in the prospectus, to raise $20.24 million. Intelligent Living Application Group filed its FWP (Free Writing Prospectus) on June 6, 2022; it set terms and updated financial statements in an F-1/A filing dated May 6, 2022. Intelligent Living Application Group filed its F-1 on Sept. 9, 2020; this followed a confidential filing dated June 23, 2020.)
|Address||1-15 Kwai Fung Crescent, Kwai Chung New Territories, Hong Kong|
|Phone Number||+ (852) 2481 7938|
|View Prospectus:||Intelligent Living Application Group|
|Revenues||$12.53 mil (last 12 months)|
|Net Income||$-1.39 mil (last 12 months)|
|Price range||$4.00 - $4.00|
|Est. $ Volume||$20.2 mil|
|Manager / Joint Managers||Network 1 Financial Securities|
|Expected To Trade:||7/13/2022|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|