Representatives from Zhejiang Liming Intelligent Manufacturing Co Ltd strike the gong to announce the company's listing on the Shanghai Stock Exchange on Nov 16. [Photo/zhoushan.cn]

Zhejiang Liming Intelligent Manufacturing Co Ltd from Zhoushan, East China's Zhejiang province went public on the Shanghai Stock Exchange on Nov 16, becoming the second private company in Zhoushan get listed on the main board market.

The initial offering price for Liming, which has the stock code 603048, was 17.37 yuan ($2.72) per share.

The headquarters of Zhejiang Liming Intelligent Manufacturing Co Ltd in Zhoushan. [Photo/zhejiangliming.com]

Established in 1997, Liming is an auto parts supplier that holds a significant market share in China.

By cooperating with universities, Liming has performed well in tackling technical problems in auto parts and cultivating technological talents.

The company has obtained 38 patents, including three invention patents and 35 patents for utility models, and formulated one industrial standard.

Another company in Zhoushan is expected to go public on the main board market next year and 60 other companies in the city are preparing to go public.