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NEW YORK - Majestic Ideal Holdings Limited (NASDAQ:MJID), a supply chain management services provider for the apparel industry, has priced its initial public offering at $6.00 per share, the company announced Thursday. According to InvestingPro data, the company enters the public markets with annual revenue of $12.49 million and a Financial Health Score rated as FAIR.
The Hong Kong-based firm is offering 2,500,000 ordinary shares, with trading expected to commence on the Nasdaq Capital Market Friday under the ticker symbol "MJID." The offering is scheduled to close on July 21, 2025, subject to customary closing conditions.
Underwriters Craft Capital Management and WestPark Capital have been granted a 45-day option to purchase up to an additional 375,000 ordinary shares at the offering price, less underwriting discounts.
Majestic Ideal intends to use the proceeds to procure raw materials for textile and garment manufacturing, expand its customer base, enhance supply chain management capabilities, explore eco-friendly materials, and fund working capital needs.
The company provides comprehensive supply chain management services in the apparel industry, offering solutions across yarn products, textiles, and finished garments. Its services include market trend analysis, product design, raw material sourcing, production oversight, quality control, and logistics management. Financial metrics from InvestingPro show the company faces profitability challenges with a gross profit margin of 6.18% and a current ratio of 0.84, indicating potential short-term liquidity constraints.
The offering is being conducted pursuant to the company’s Registration Statement on Form F-1 declared effective by the SEC on June 30, 2025, according to the press release statement.
Loeb & Loeb LLP is serving as U.S. legal counsel to Majestic Ideal, while Haneberg Hurlbert PLC is acting as legal counsel to the underwriters for the offering.
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