Enflame Technology (688801.SH) has officially kicked off a preliminary inquiry phase for its upcoming Initial Public Offering (IPO) on the STAR Market. The company intends to issue 43,035,173 shares, which will constitute 10% of its total share capital post-issuance. The anticipated total share capital after the issuance is projected to hit 430 million shares. This IPO will employ a mixed issuance strategy, incorporating strategic placement, offline subscriptions, and online subscriptions. The preliminary inquiry is slated for August 28, with both online and offline subscription periods set to commence on September 2. It's worth noting that Enflame Technology has not yet attained profitability. Should this situation persist at the time of its listing, the company will be categorized under the STAR Growth Tier. CITIC Securities is acting as the sponsor for this IPO, with Guotai Junan Securities and GF Securities serving as the co-lead underwriters, providing additional support and expertise.