Lingyi Itech 01688Expected Lots

Lingyi Itech (01688) Expected Lots
Offering Mechanism: Mechanism B | Min Subscription: HK$6,719  |  Public Offering Lots: Pool A 61,501lots / Pool B 61,501lots  |  Offer Price: HK$10.18  |  Lot Size: 660shares  |  Public Offering Size: HK$826.4M
1x1210.0x
Recent first-day return
-0.2%
→
Participants
17,928
→
Avg lots
47.0
→
Oversubscription
7x
7x = 17,928 × 47.0 ÷ 123,002 A+H secondary · participants ×0.45 H-share discount 42.9% margin-weighted 100% → 62.5x
Margin dynamics · 2026-06-23 11:12 Margin multiple45.94x Margin funds379.7100M TradeGo forecast multiple62.48x
Rank Broker Margin funds
1 富途证券富途 206.9100M
2 辉立证券辉立 68.0100M
3 老虎国际老虎 39.8100M
4 华泰国际华泰 23.3100M
5 致富证券致富 10.4100M
6 信诚证券信诚 8.0100M
7 华盛证券华盛 5.5100M
8 复星国际复星 5.0100M
9 盈立证券盈立 4.3100M
Margin multiple
TimeMultiple
2026-06-17T06:00:00+08:000
2026-06-17T10:10:59+08:000.0005687112036107111
2026-06-17T10:11:05+08:000.001343126459591254
2026-06-17T10:11:10+08:000.002553150297060852
2026-06-17T11:16:02+08:000.004537589390510993
2026-06-17T11:16:29+08:000.005130501070871096
2026-06-17T11:18:23+08:000.09061868518809821
2026-06-17T11:19:17+08:000.09071548709509578
2026-06-17T11:20:00+08:000.12338613070677493
2026-06-17T12:15:13+08:000.12429364858487713
2026-06-17T12:16:47+08:000.12602398267245865
2026-06-17T12:19:11+08:000.12863763416139298
2026-06-17T12:20:03+08:000.13317522355190398
2026-06-17T12:20:46+08:000.15858572413876554
2026-06-17T13:43:32+08:000.15945694130174365
2026-06-17T13:44:44+08:000.15965054511573878
2026-06-17T13:46:10+08:000.16106627300557821
2026-06-17T13:48:17+08:000.1617438863545612
2026-06-17T13:50:30+08:000.20046464915358833
2026-06-17T14:08:11+08:000.20080345582807982
2026-06-17T14:08:52+08:000.200876057258328
2026-06-17T14:10:44+08:000.22937211863073703
2026-06-17T14:11:46+08:000.22967462459010443
2026-06-17T14:12:39+08:000.4426388199847537
2026-06-17T14:14:02+08:000.4447079607468267
2026-06-17T15:03:37+08:000.4568081991215227
2026-06-17T15:07:27+08:000.4577762181914984
2026-06-17T15:08:38+08:000.4579577217671188
2026-06-17T15:09:27+08:000.4581997265346127
2026-06-17T15:10:08+08:000.4597243565698244
2026-06-17T15:11:35+08:000.3217816390982902
2026-06-17T16:27:27+08:000.3224350519705238
2026-06-17T16:28:13+08:000.3238870805754873
2026-06-17T16:31:28+08:000.32618612586667955
2026-06-17T16:32:47+08:000.3733770555279939
2026-06-17T16:34:55+08:000.3794271747153419
2026-06-17T16:35:56+08:000.3856829979550597
2026-06-17T17:01:34+08:000.3865905158331619
2026-06-17T17:02:24+08:000.38707452536814974
2026-06-17T17:04:30+08:000.38944617208959015
2026-06-17T17:06:19+08:000.3898938809094539
2026-06-17T17:07:09+08:000.4044141669590891
2026-06-17T18:04:12+08:000.4055999903198093
2026-06-17T18:04:55+08:000.4059387969943008
2026-06-17T18:07:25+08:000.40635020509904046
2026-06-17T18:08:35+08:000.4148324721997023
2026-06-17T18:09:31+08:000.4269327105743983
2026-06-17T18:12:05+08:000.43395084883172197
2026-06-17T20:21:47+08:000.6759556163256416
2026-06-17T20:23:11+08:000.6777706520818461
2026-06-17T20:24:29+08:000.6790169766344397
2026-06-17T20:25:32+08:000.680517406192902
2026-06-17T20:26:42+08:000.6810619169197634
2026-06-17T20:33:19+08:000.6859020122696418
2026-06-17T22:23:40+08:000.688080055177087
2026-06-17T22:25:21+08:000.6885277639969507
2026-06-17T22:27:08+08:000.6905969047590238
2026-06-17T22:28:44+08:000.6966470239463718
2026-06-18T09:10:25+08:000.6983410573188292
2026-06-18T09:10:32+08:000.6983410573188292
2026-06-18T09:10:37+08:000.7011967135752575
2026-06-18T09:10:49+08:000.9371513618818291
2026-06-18T09:10:55+08:000.949372602640272
2026-06-18T09:11:09+08:000.9507399295766127
2026-06-18T09:11:15+08:000.9518047505535859
2026-06-18T09:11:22+08:000.9539464927459071
2026-06-18T09:11:28+08:000.9696768026330119
2026-06-18T10:03:17+08:000.9701608121679998
2026-06-18T10:03:24+08:000.9705601200343646
2026-06-18T10:03:31+08:000.9800709073968757
2026-06-18T10:03:37+08:000.9803492128794937
2026-06-18T10:09:22+08:000.9863993320668417
2026-06-18T11:19:18+08:000.9884200718754159
2026-06-18T11:20:26+08:000.989690596904759
2026-06-18T11:22:26+08:000.9904166112072408
2026-06-18T11:23:24+08:000.9962610263422189
2026-06-18T11:25:39+08:001.047082027515942
2026-06-18T12:16:22+08:001.0544389724477572
2026-06-18T12:19:12+08:001.0982539356025314
2026-06-18T12:20:24+08:001.0995728615853733
2026-06-18T12:22:28+08:001.1002504749343562
2026-06-18T12:23:15+08:001.1922122865820457
2026-06-18T14:05:03+08:001.1925026923030384
2026-06-18T14:05:06+08:001.1929262006461527
2026-06-18T14:09:31+08:001.1939184201928779
2026-06-18T14:09:34+08:001.2041189211427465
2026-06-18T14:13:10+08:001.2743003037159832
2026-06-18T14:13:13+08:001.3069709473276623
2026-06-18T14:13:32+08:001.3147272001258425
2026-06-18T14:13:34+08:001.3162155294459301
2026-06-18T14:15:41+08:001.3177038587660177
2026-06-18T14:15:43+08:001.3184177728301247
2026-06-18T14:19:41+08:001.3247824982152148
2026-06-18T15:02:15+08:001.3262708275353023
2026-06-18T15:02:22+08:001.3270452427912829
2026-06-18T15:06:23+08:001.3273477487506504
2026-06-18T15:06:29+08:001.3305543119199448
2026-06-18T15:06:47+08:001.3547547886693367
2026-06-18T15:53:57+08:001.4394564572922086
2026-06-18T16:12:16+08:001.4510605858935421
2026-06-18T16:12:53+08:001.4524400130682575
2026-06-18T16:14:40+08:001.4582844282032357
2026-06-18T16:16:49+08:001.4586958363079752
2026-06-18T16:17:38+08:001.4659559793327928
2026-06-18T16:18:36+08:001.4720060985201409
2026-06-18T17:48:16+08:001.479084737969338
2026-06-18T17:50:14+08:001.5329186984983605
2026-06-18T17:51:58+08:001.5347216340161902
2026-06-18T17:52:58+08:001.5387147126798397
2026-06-18T17:53:53+08:001.6016359522282588
2026-06-18T17:56:21+08:001.7831395278486986
2026-06-18T18:06:48+08:001.7997047541836575
2026-06-18T18:07:01+08:001.8110063768256235
2026-06-18T18:07:07+08:001.8206139660951322
2026-06-18T18:07:14+08:001.8280072117420714
2026-06-18T18:07:32+08:001.8764081652408553
2026-06-18T18:16:02+08:001.9085584986024224
2026-06-18T20:29:42+08:001.9168713623658387
2026-06-18T20:30:48+08:001.925014822792009
2026-06-18T20:33:41+08:001.931379548177099
2026-06-18T20:34:54+08:001.9326742736831917
2026-06-18T20:36:03+08:002.004065680093898
2026-06-18T21:34:39+08:002.0076110499376836
2026-06-18T22:08:50+08:002.013128758636545
2026-06-18T22:08:54+08:002.0135764674564087
2026-06-18T22:10:41+08:002.043827063393149
2026-06-19T09:16:08+08:002.480645668719674
2026-06-19T09:19:44+08:002.4821702987548853
2026-06-19T09:21:42+08:002.4965090812289
2026-06-19T09:24:34+08:002.5212177679900294
2026-06-19T09:29:44+08:002.8608230582142467
2026-06-19T10:16:52+08:002.8623113875343345
2026-06-19T10:17:45+08:002.8624565903948307
2026-06-19T10:19:36+08:002.862759096354198
2026-06-19T10:21:05+08:002.8637755163776726
2026-06-19T10:24:58+08:002.8674055878900813
2026-06-19T11:42:06+08:002.8682889052914344
2026-06-19T11:43:51+08:002.8724513872923296
2026-06-19T11:44:54+08:002.8760814588047383
2026-06-19T11:48:37+08:002.8947521266168943
2026-06-19T11:50:34+08:002.904432317316651
2026-06-19T12:08:17+08:002.9051341311423835
2026-06-19T12:10:35+08:002.9067918637997168
2026-06-19T12:11:45+08:002.908691601224544
2026-06-19T12:13:06+08:002.909054608375785
2026-06-19T12:14:42+08:002.941725251987464
2026-06-19T14:18:54+08:002.9420640586619555
2026-06-19T14:18:59+08:002.9424149655748217
2026-06-19T14:20:25+08:002.943007877255182
2026-06-19T14:20:29+08:002.943177280592428
2026-06-19T14:22:23+08:002.9436249894122914
2026-06-19T14:22:27+08:002.9491668985879023
2026-06-19T14:23:44+08:002.9508367314836104
2026-06-19T14:23:48+08:002.9708142250402334
2026-06-19T14:26:24+08:002.974444296552642
2026-06-19T14:26:28+08:002.9768643442275815
2026-06-19T15:17:08+08:002.6570308435076173
2026-06-19T15:18:17+08:002.6571639461297387
2026-06-19T15:19:09+08:002.658954781409194
2026-06-19T15:21:22+08:002.666214924434011
2026-06-19T17:11:11+08:002.666517430393379
2026-06-19T17:11:14+08:002.6667715353992474
2026-06-19T17:13:44+08:002.441707101629902
2026-06-19T17:13:48+08:002.4525973161671284
2026-06-19T17:17:55+08:002.4541945476325884
2026-06-19T17:17:59+08:002.454932662173445
2026-06-19T17:21:09+08:002.4588168386917224
2026-06-19T17:21:15+08:002.4583207289183595
2026-06-19T17:23:23+08:002.459433950848832
2026-06-19T22:44:58+08:002.4596396549012014
2026-06-19T22:56:16+08:002.463354428082233
2026-06-19T23:08:53+08:002.4646975545418246
2026-06-19T23:08:58+08:002.4643103469138343
2026-06-19T23:10:03+08:002.4654961702745544
2026-06-19T23:15:26+08:002.5126870999358686
2026-06-19T23:25:11+08:002.5189429231755867
2026-06-20T10:22:16+08:002.5189429231755867
2026-06-20T10:24:18+08:002.558849509335334
2026-06-20T10:25:44+08:002.560543542707791
2026-06-20T10:27:45+08:002.576031847827402
2026-06-20T10:29:05+08:002.5758503442517817
2026-06-20T10:32:43+08:002.638771583800201
2026-06-20T10:33:18+08:002.6424016553126095
2026-06-20T12:20:15+08:002.6396912019166776
2026-06-20T12:23:19+08:002.640671321225028
2026-06-20T12:24:04+08:002.6414094357658846
2026-06-20T12:25:03+08:002.647834662342848
2026-06-20T12:27:01+08:002.6671950437423617
2026-06-20T14:14:36+08:002.667376547317982
2026-06-20T14:15:40+08:002.66744914874823
2026-06-20T14:16:51+08:002.667981559236717
2026-06-20T14:18:07+08:002.674733492249797
2026-06-20T14:19:35+08:002.8852776399695075
2026-06-20T18:33:51+08:002.890396040802004
2026-06-20T18:36:07+08:002.8905291434241254
2026-06-20T18:38:36+08:002.8963856587974783
2026-06-20T18:39:39+08:002.8975351814430743
2026-06-20T18:40:59+08:002.9108454436552402
2026-06-20T18:41:24+08:002.914475515167649
2026-06-20T20:12:17+08:002.920440932686374
2026-06-20T20:13:59+08:002.9223527703495757
2026-06-20T20:15:19+08:002.922836779884564
2026-06-20T20:15:59+08:002.923502292995172
2026-06-20T20:18:33+08:002.9186621976452938
2026-06-20T21:10:07+08:002.918686398122043
2026-06-20T22:05:36+08:002.9194245126628995
2026-06-20T22:08:11+08:002.9200174243432597
2026-06-20T22:09:17+08:002.9538980917924085
2026-06-21T09:43:04+08:002.954333700373897
2026-06-21T09:43:43+08:002.911728761056593
2026-06-21T09:44:02+08:003.480439964667304
2026-06-21T09:44:12+08:003.483271420446983
2026-06-21T09:44:29+08:003.484735549290321
2026-06-21T09:44:37+08:003.4847597497670706
2026-06-21T09:44:46+08:003.493096814007236
2026-06-21T09:45:04+08:003.5003569570320536
2026-06-21T10:05:24+08:003.5004053579855525
2026-06-21T10:05:32+08:003.500586861561173
2026-06-21T10:05:38+08:003.50050215989255
2026-06-21T10:06:05+08:003.515022445942185
2026-06-21T12:35:56+08:003.521665476809893
2026-06-21T12:36:00+08:003.521798579432015
2026-06-21T12:40:10+08:003.5227302977868664
2026-06-21T12:40:14+08:003.5228513001706134
2026-06-21T12:41:41+08:003.523069104461358
2026-06-21T12:43:43+08:003.522984402792735
2026-06-21T12:43:47+08:003.530571252253669
2026-06-21T12:48:01+08:003.5414614667908957
2026-06-21T12:48:06+08:003.576552158077514
2026-06-21T13:06:07+08:003.5783308931185944
2026-06-21T13:06:55+08:003.5786212988395874
2026-06-21T13:07:50+08:003.5811986496133974
2026-06-21T13:08:25+08:003.582239270113621
2026-06-21T13:09:16+08:003.5701390317389254
2026-06-21T15:48:41+08:003.591713756761008
2026-06-21T15:51:36+08:003.5921856660576212
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2026-06-21T15:53:19+08:003.5868010599808815
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2026-06-21T18:31:41+08:003.6080974795203464
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2026-06-21T18:37:39+08:003.468932637972968
2026-06-21T20:06:30+08:003.469005239403216
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2026-06-22T11:20:53+08:004.0851977783962345
2026-06-22T11:23:51+08:004.169899447019106
2026-06-22T12:10:51+08:004.176312573357695
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2026-06-23T09:08:22+08:0035.735198383408154
2026-06-23T10:08:54+08:0036.15870672652251
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TradeGo forecast multiple
TimeMultiple
Broker margin funds trend
TimeBrokerMargin funds
Pool A α=
Allocation Strategy Coefficient α
Allocation Strategy Coefficient
Reflects the issuer's allocation preference across different subscription sizes.
α → 0  Per-capita allocation — every allottee receives the same number of shares, regardless of lots subscribed.
α → 1  Proportional allocation — the more lots subscribed, the more shares allotted.
Historical α range (P10–P90): Pool A 0.3–0.9, Pool B 0.4–1.0
0.61
Pool B α=
Allocation Strategy Coefficient α
Allocation Strategy Coefficient
Reflects the issuer's allocation preference across different subscription sizes.
α → 0  Per-capita allocation — every allottee receives the same number of shares, regardless of lots subscribed.
α → 1  Proportional allocation — the more lots subscribed, the more shares allotted.
Historical α range (P10–P90): Pool A 0.3–0.9, Pool B 0.4–1.0
0.71
This model does not support allocation strategy adjustment

Actual vs Predicted Comparison

Using the actual oversubscription ratio 96.16x and current allocation strategy (Pool A α=0.615, Pool B α=0.715) as the baseline, comparing actual vs predicted expected allotment lots per tier

Lots Subscription Amount (HKD) Actual Expected Lots Predicted Expected Lots Error

LogoLingyi Itech Allotment Prediction Matrix

Rows are subscription tiers, columns are different oversubscription ratios, values are expected allotment lots; green indicates guaranteed allotment (≥1 lot)

Pool A

Oversubscription
62.5x
Allocation Strategy
α=
Allocation Strategy Coefficient α
Allocation Strategy Coefficient
Reflects the issuer's allocation preference across different subscription sizes.
α → 0  Per-capita allocation — every allottee receives the same number of shares, regardless of lots subscribed.
α → 1  Proportional allocation — the more lots subscribed, the more shares allotted.
Historical α range (P10–P90): Pool A 0.3–0.9, Pool B 0.4–1.0
0.61

Pool B

Oversubscription
62.5x
Allocation Strategy
α=
Allocation Strategy Coefficient α
Allocation Strategy Coefficient
Reflects the issuer's allocation preference across different subscription sizes.
α → 0  Per-capita allocation — every allottee receives the same number of shares, regardless of lots subscribed.
α → 1  Proportional allocation — the more lots subscribed, the more shares allotted.
Historical α range (P10–P90): Pool A 0.3–0.9, Pool B 0.4–1.0
0.71
Offering Mechanism

Mechanism B

Flexible offering mechanism under HKEX Practice Note 18. Minimum initial allocation to the public offer tranche is 10% of offering shares, with no clawback mechanism. Maximum initial allocation is 60% (as at least 40% of total offering shares must be allocated to the placing tranche, excluding cornerstones).

Allocation Strategy Coefficient α

α is the issuer's allocation preference coefficient, describing the issuer's allocation tendency across subscription sizes. α ranges [0, 1].

  • α → 0: Per-capita allocation — regardless of lots subscribed, every allottee receives the same number of shares. More favorable to retail (small) applications.
  • α → 1: Proportional allocation — allotted shares are proportional to lots subscribed. More favorable to large applications.
  • Historical actual α range (P10–P90): Pool A 0.3–0.9, Pool B 0.4–1.0. α varies widely across IPOs, reflecting each issuer's allocation strategy.
Allotment Rate Definition

The "allotment rate" on this page follows the exact HKEX allotment results announcement definition: Allotment rate = total shares allotted to the tier ÷ total valid shares applied in the tier × 100%. This is the official HKEX standard and is fundamentally different from other definitions used elsewhere (e.g. "ratio of applicants who got allotted").

Expected Allotment Lots

Expected allotment lots = total shares allotted to the tier ÷ lot size ÷ number of applicants in the tier

Example: a tier with 50,000 total allotted shares, 100 shares per lot, and 500 applicants → expected allotment lots = 50,000 ÷ 100 ÷ 500 = 1.0 lots.

// About this page //

This page shows expected-lot forecasts for Lingyi Itech (01688): expected hit rate based on similar-IPO matching and Pool A/B capital-efficiency comparison.
The default oversubscription multiple follows the chain recent first-day return → participant count → average lots per participant → multiple, i.e. multiple = participants × average lots ÷ public-offer lots; participant count and average lots are anchored on the recent IPO median and adjusted by offering size, A+H status, H-share premium/discount, industry, concurrent IPOs, sponsor track record and recent HSI moves.
Early in the subscription window the default multiple relies on the model; as subscription progresses it blends in the margin multiple; near the deadline (roughly 90% through) it follows the margin multiple.
Hit-rate forecasts fit 10,897 allotment-tier records across 356 historical IPOs via regression and KNN similar-IPO matching, estimating expected lots per application tier and applying the allocation-strategy coefficient α (equal-per-person to proportional allocation).
Data sources: HKEXnews public-offer allotment result announcements, prospectuses and FINI announcements; margin data (margin multiple, TradeGo forecast multiple and broker breakdown) comes from 捷利交易宝 (TradeGo), where the margin multiple covers only reporting brokers and the TradeGo forecast multiple is a full-market extrapolation.
The margin multiple updates intraday in real time; the hit-rate model is refreshed as new IPO allotment data is ingested.

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Cibo — HK IPO Allotment Forecasts, Allottee Profiling & Stock Connect