Saint Bella GP 02508Expected Lots

Saint Bella GP (02508) Expected Lots
Offering Mechanism: Mechanism A (Old) | Min Subscription: HK$3,290  |  Public Offering Lots: Pool A 47,710lots / Pool B 47,710lots  |  Offer Price: HK$6.58  |  Lot Size: 500shares  |  Public Offering Size: HK$313.9M
1x13849.0x
Recent first-day return
+4.6%
→
Participants
21,972
→
Avg lots
84.5
→
Oversubscription
97x
97x = 21,972 × 84.5 ÷ 19,084 margin-weighted 100% → 198.9x
Margin dynamics · 2025-06-23 21:05 Margin multiple153.03x Margin funds96.1100M TradeGo forecast multiple198.94x
Rank Broker Margin funds
1 富途证券富途 46.3100M
2 辉立证券辉立 29.0100M
3 老虎国际老虎 11.1100M
4 华泰国际华泰 4.7100M
5 华盛证券华盛 1.1100M
6 长桥证券长桥 1.1100M
8 TradeGo MarketsTradeGo 799810K
9 信诚证券信诚 750010K
10 盈立证券盈立 400710K
11 耀才证券耀才 390010K
12 尊嘉证券 300010K
13 卓锐证券 50410K
14 盈宝证券盈宝 48310K
15 艾德证券艾德 41810K
16 FunderstoneFunderstone 1010K
Margin multiple
TimeMultiple
2025-06-18T06:00:00+08:000
2025-06-18T10:04:04+08:000.002070393374741201
2025-06-18T10:07:59+08:000.049848702022615064
2025-06-18T10:57:59+08:000.0817009077878643
2025-06-18T11:06:30+08:000.09173435260391782
2025-06-18T11:06:52+08:000.12868291129160694
2025-06-18T11:08:46+08:000.797579232361841
2025-06-18T12:11:09+08:000.8096830705526358
2025-06-18T12:11:26+08:001.2307692307692308
2025-06-18T12:12:01+08:001.390030259595477
2025-06-18T12:12:21+08:001.3901895206243033
2025-06-18T12:12:37+08:001.4258639910813824
2025-06-18T13:41:52+08:001.4343048256091735
2025-06-18T13:42:27+08:001.4378085682433508
2025-06-18T13:43:10+08:001.4696607740086
2025-06-18T14:01:02+08:001.4769867813346074
2025-06-18T14:02:10+08:001.5003981525720655
2025-06-18T14:05:14+08:001.804745978659022
2025-06-18T14:05:46+08:001.8066571110049372
2025-06-18T14:06:24+08:001.8862876254180603
2025-06-18T14:58:38+08:001.9625736582258322
2025-06-18T15:17:56+08:001.9655996177735309
2025-06-18T15:18:11+08:001.9839146360885491
2025-06-18T15:18:46+08:002.0953973562669215
2025-06-18T16:06:35+08:002.098741837872273
2025-06-18T16:07:32+08:002.130594043637522
2025-06-18T16:08:01+08:002.136486701704093
2025-06-18T16:08:27+08:002.1884057971014492
2025-06-18T17:05:24+08:002.190316929447364
2025-06-18T17:05:50+08:002.198439241917503
2025-06-18T17:06:20+08:002.2462175505653765
2025-06-18T17:16:43+08:002.4691829909221212
2025-06-18T17:32:09+08:002.5169612995699953
2025-06-18T18:05:35+08:002.518235387800605
2025-06-18T18:06:19+08:002.549609810479376
2025-06-18T18:06:34+08:002.5335244465679247
2025-06-18T18:07:22+08:002.692785475394171
2025-06-18T18:11:39+08:002.712215320910973
2025-06-18T20:14:32+08:002.7544194935499284
2025-06-18T20:14:39+08:002.7526676222328397
2025-06-18T20:15:29+08:002.768593725115464
2025-06-18T20:16:04+08:002.779423475075649
2025-06-18T20:16:50+08:002.859053989488772
2025-06-18T20:39:09+08:003.0183150183150182
2025-06-18T21:11:56+08:003.027233635929288
2025-06-18T21:12:41+08:003.1387163561076603
2025-06-18T22:08:45+08:003.137123745819398
2025-06-18T22:09:25+08:003.1530498487020227
2025-06-19T07:21:03+08:003.158942506768594
2025-06-19T07:21:08+08:003.1431756649147955
2025-06-19T07:21:13+08:003.159579550883899
2025-06-19T07:24:55+08:003.2869883739448955
2025-06-19T07:24:59+08:003.4940277114190157
2025-06-19T07:27:04+08:003.4940277114190157
2025-06-19T09:24:48+08:003.5281095715878323
2025-06-19T09:30:01+08:003.544035674470457
2025-06-19T09:30:38+08:003.5908584169453737
2025-06-19T09:31:41+08:003.6386367255932472
2025-06-19T09:32:51+08:003.6864150342411213
2025-06-19T10:06:41+08:003.6937410415671286
2025-06-19T10:06:55+08:003.94951425386208
2025-06-19T10:07:10+08:003.950310559006211
2025-06-19T10:07:49+08:004.077719382067208
2025-06-19T11:05:46+08:004.092371396719223
2025-06-19T11:06:29+08:004.140149705367096
2025-06-19T11:06:56+08:004.135371874502309
2025-06-19T11:08:30+08:004.150501672240803
2025-06-19T11:24:17+08:004.405319318362797
2025-06-19T12:12:52+08:004.406911928651059
2025-06-19T12:13:20+08:004.4156712852365025
2025-06-19T12:13:56+08:004.208631947762383
2025-06-19T12:14:28+08:004.210383819079471
2025-06-19T13:43:28+08:004.211498646281255
2025-06-19T13:44:10+08:004.211976429367733
2025-06-19T13:44:44+08:004.148272017837235
2025-06-19T14:01:32+08:004.148112756808409
2025-06-19T14:01:55+08:004.159579550883898
2025-06-19T14:03:40+08:004.689918776875299
2025-06-19T14:05:54+08:004.691352126134735
2025-06-19T14:06:23+08:004.696767001114827
2025-06-19T15:10:13+08:004.699474438604874
2025-06-19T15:10:47+08:004.842809364548495
2025-06-19T15:11:17+08:004.864628125497691
2025-06-19T16:05:07+08:004.865583691670648
2025-06-19T16:06:03+08:005.678451982799809
2025-06-19T16:06:38+08:005.694378085682433
2025-06-19T16:06:58+08:005.6880076445293835
2025-06-19T17:07:03+08:005.688485427615863
2025-06-19T17:07:30+08:005.698837394489568
2025-06-19T17:08:00+08:006.734034081860169
2025-06-19T18:03:04+08:006.736900780379041
2025-06-19T18:03:28+08:006.737537824494346
2025-06-19T18:03:55+08:007.5994585125019904
2025-06-19T18:04:12+08:007.800923713967192
2025-06-19T18:08:10+08:009.712056059882148
2025-06-19T18:08:40+08:009.823538780060519
2025-06-19T18:11:36+08:009.836598184424272
2025-06-19T20:07:21+08:009.838031533683708
2025-06-19T20:07:33+08:009.837713011626056
2025-06-19T20:07:39+08:0010.065615543876413
2025-06-19T20:08:08+08:0010.559324733237776
2025-06-19T20:08:41+08:0010.59308807134894
2025-06-19T20:09:15+08:0011.214206083771302
2025-06-19T20:13:54+08:0012.249402771141902
2025-06-19T21:00:03+08:0012.703933747412009
2025-06-19T21:17:55+08:0012.704889313584966
2025-06-19T21:18:08+08:0012.78611243828635
2025-06-19T21:18:39+08:0013.136486701704094
2025-06-19T21:18:57+08:0013.260232521102086
2025-06-19T22:25:44+08:0013.28889950629081
2025-06-19T22:26:00+08:0013.238891543239369
2025-06-19T22:26:34+08:0014.194457716196847
2025-06-20T08:42:58+08:0015.834846313107183
2025-06-20T08:43:01+08:0015.914476827520305
2025-06-20T08:43:03+08:0016.1055900621118
2025-06-20T08:43:07+08:0016.296703296703296
2025-06-20T08:45:53+08:0016.36359292881032
2025-06-20T08:45:56+08:0016.380315336837075
2025-06-20T08:46:00+08:0016.408186016881668
2025-06-20T08:46:05+08:0016.411849020544672
2025-06-20T08:46:07+08:0016.45644210861602
2025-06-20T08:47:36+08:0016.46026437330785
2025-06-20T08:47:38+08:0016.46121993948081
2025-06-20T08:47:42+08:0016.470775601210384
2025-06-20T08:48:28+08:0016.470775601210384
2025-06-20T09:54:19+08:0016.544513457556935
2025-06-20T09:54:25+08:0016.55996177735308
2025-06-20T09:54:28+08:0016.57907310081223
2025-06-20T09:54:32+08:0016.58002866698519
2025-06-20T09:55:52+08:0016.83484631310718
2025-06-20T09:56:36+08:0016.88549132027393
2025-06-20T09:57:45+08:0016.992992514731647
2025-06-20T10:06:18+08:0017.032011466794074
2025-06-20T10:07:00+08:0018.226469182990922
2025-06-20T10:07:48+08:0020.805223761745502
2025-06-20T10:08:12+08:0020.822423952858735
2025-06-20T10:08:34+08:0020.90874343048256
2025-06-20T10:08:59+08:0021.14763497372193
2025-06-20T10:11:31+08:0021.89902850772416
2025-06-20T10:27:00+08:0021.889472845994586
2025-06-20T10:49:13+08:0021.901895206243033
2025-06-20T11:10:56+08:0022.084567606306738
2025-06-20T11:12:09+08:0023.82051282051282
2025-06-20T11:12:44+08:0023.827361044752347
2025-06-20T12:06:33+08:0023.924669533365186
2025-06-20T12:07:11+08:0024.912087912087912
2025-06-20T12:08:02+08:0024.976429367733715
2025-06-20T12:09:07+08:0024.989329511068643
2025-06-20T13:38:20+08:0025.104315973881192
2025-06-20T13:39:08+08:0025.20019111323459
2025-06-20T13:39:35+08:0025.20353559483994
2025-06-20T13:40:03+08:0026.095397356266922
2025-06-20T13:51:23+08:0026.25465838509317
2025-06-20T14:02:37+08:0026.268832616658703
2025-06-20T14:03:23+08:0026.632744067526676
2025-06-20T14:05:53+08:0027.36534480012741
2025-06-20T14:06:27+08:0027.45946806816372
2025-06-20T14:07:15+08:0027.548813505335243
2025-06-20T14:55:01+08:0027.55024685459468
2025-06-20T14:55:04+08:0027.55502468545947
2025-06-20T15:19:12+08:0028.048733874820833
2025-06-20T15:19:40+08:0028.171524128045867
2025-06-20T16:08:15+08:0028.84169453734671
2025-06-20T16:08:36+08:0028.843605669692625
2025-06-20T16:09:17+08:0029.560280299410735
2025-06-20T16:17:21+08:0029.560758082497212
2025-06-20T17:17:03+08:0032.36375218983915
2025-06-20T17:34:10+08:0043.35276317885013
2025-06-20T17:35:01+08:0043.35515209428253
2025-06-20T18:19:52+08:0046.22185061315496
2025-06-20T18:19:58+08:0046.22232839624144
2025-06-20T18:20:30+08:0047.45437171524128
2025-06-20T18:21:06+08:0050.54403567447046
2025-06-20T18:28:54+08:0050.85969103360408
2025-06-20T18:47:35+08:0050.87880235706323
2025-06-20T20:50:50+08:0052.328077719382065
2025-06-20T20:52:01+08:0053.0606784519828
2025-06-20T20:52:35+08:0053.06163401815576
2025-06-20T21:10:42+08:0053.87386526516961
2025-06-20T22:03:34+08:0053.874343048256094
2025-06-20T22:07:25+08:0054.82990922121357
2025-06-21T08:20:52+08:0055.53065774804905
2025-06-21T08:21:00+08:0055.53065774804905
2025-06-21T08:21:11+08:0056.183627966236664
2025-06-21T08:21:19+08:0056.183627966236664
2025-06-21T08:21:25+08:0056.80474597865902
2025-06-21T08:21:34+08:0057.04363752189839
2025-06-21T08:21:41+08:0057.13919413919414
2025-06-21T08:21:48+08:0057.53734671125976
2025-06-21T08:21:57+08:0057.712533842968625
2025-06-21T08:22:03+08:0057.808090460264374
2025-06-21T08:22:10+08:0058.015129797738496
2025-06-21T08:22:17+08:0058.57254339863036
2025-06-21T09:30:37+08:0058.843287147634975
2025-06-21T10:16:29+08:0060.96910336040771
2025-06-21T10:16:52+08:0061.36725593247333
2025-06-21T11:06:03+08:0062.65727026596592
2025-06-21T12:48:23+08:0063.22790253225036
2025-06-21T12:48:40+08:0063.99235547061634
2025-06-21T13:46:43+08:0064.66125179168658
2025-06-21T16:02:24+08:0064.7657270265966
2025-06-21T16:02:52+08:0065.13202739289696
2025-06-21T16:03:51+08:0065.8009237139672
2025-06-21T16:04:10+08:0065.8028348463131
2025-06-21T16:05:09+08:0066.13011626055105
2025-06-21T16:05:27+08:0067.05383022774328
2025-06-21T17:57:07+08:0067.08711578276795
2025-06-21T17:57:34+08:0067.83564261825131
2025-06-21T18:25:39+08:0068.31262939958592
2025-06-21T18:26:09+08:0068.9496735148909
2025-06-21T20:07:51+08:0069.87338748208313
2025-06-21T20:08:58+08:0070.430801082975
2025-06-21T22:29:47+08:0071.32266284440198
2025-06-21T22:30:15+08:0071.32744067526676
2025-06-21T22:30:36+08:0071.868928173276
2025-06-22T09:11:05+08:0072.60152890587673
2025-06-22T09:11:17+08:0074.62414397197006
2025-06-22T09:11:22+08:0075.24526198439241
2025-06-22T09:21:35+08:0075.24621755056538
2025-06-22T09:21:40+08:0075.25481764612199
2025-06-22T09:21:45+08:0075.26437330785157
2025-06-22T09:21:50+08:0075.3428889950629
2025-06-22T09:21:54+08:0075.3452779104953
2025-06-22T12:30:39+08:0075.52046504220418
2025-06-22T12:31:07+08:0076.47603121516165
2025-06-22T12:32:05+08:0077.57493231406275
2025-06-22T12:36:49+08:0079.3452779104953
2025-06-22T12:37:20+08:0079.86574295269948
2025-06-22T12:38:00+08:0079.87338748208313
2025-06-22T12:38:10+08:0079.88294314381271
2025-06-22T17:24:45+08:0080.2651696129957
2025-06-22T17:24:50+08:0080.99777034559644
2025-06-22T17:24:56+08:0082.54260232521102
2025-06-22T17:25:00+08:0083.35483357222488
2025-06-22T17:25:06+08:0084.45373467112597
2025-06-22T17:28:26+08:0084.49179805701544
2025-06-22T17:28:31+08:0084.49466475553432
2025-06-22T17:28:36+08:0084.51361681796465
2025-06-22T17:29:58+08:0084.58687689122472
2025-06-22T17:30:26+08:0084.696607740086
2025-06-22T17:32:56+08:0084.69804108934544
2025-06-22T20:20:27+08:0085.1917502787068
2025-06-22T20:21:00+08:0086.05175983436853
2025-06-22T20:21:37+08:0087.40547857939163
2025-06-22T20:27:49+08:0087.4022933588151
2025-06-22T20:27:58+08:0087.41168975951585
2025-06-22T20:28:02+08:0087.37362637362638
2025-06-22T20:29:07+08:0088.00095556617296
2025-06-23T08:37:41+08:0089.37060041407868
2025-06-23T08:37:45+08:0091.23395445134575
2025-06-23T08:37:48+08:0095.26325848064978
2025-06-23T08:37:51+08:0099.19700589265807
2025-06-23T08:37:56+08:00100.9648033126294
2025-06-23T08:42:13+08:00100.99060359929925
2025-06-23T08:42:17+08:00100.99808886765409
2025-06-23T08:42:20+08:00101.0418856505813
2025-06-23T08:43:21+08:00101.0418856505813
2025-06-23T08:54:52+08:00101.11387163561076
2025-06-23T09:12:02+08:00101.83054626532888
2025-06-23T09:12:30+08:00109.93693263258481
2025-06-23T09:13:22+08:00109.96114030896639
2025-06-23T09:15:18+08:00132.25768434464086
2025-06-23T09:43:00+08:00132.24558050645007
2025-06-23T09:43:02+08:00132.26978818283166
2025-06-23T09:52:46+08:00137.6661888835802
2025-06-23T09:53:43+08:00137.6711259754738
2025-06-23T10:38:32+08:00141.6486701704093
2025-06-23T10:40:14+08:00141.65201465201466
2025-06-23T10:40:23+08:00141.66810001592611
2025-06-23T10:40:35+08:00141.66778149386846
2025-06-23T10:40:57+08:00142.14556458034718
2025-06-23T10:41:12+08:00151.70122630992196
2025-06-23T21:05:11+08:00153.03
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
0.51
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
0.61
This model does not support allocation strategy adjustment

Actual vs Predicted Comparison

Using the actual oversubscription ratio 193.0x and current allocation strategy (Pool A α=0.507, Pool B α=0.607) as the baseline, comparing actual vs predicted expected allotment lots per tier

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

LogoSaint Bella GP 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
198.9x
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
0.51

Pool B

Oversubscription
198.9x
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
Offering Mechanism

Mechanism A (Old)

Mechanism A applicable before 4 August 2025. Initial public offer allocation was 10% of offering shares, with clawback thresholds at 15x/50x/100x, raising to 30%/40%/50% respectively.

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 Saint Bella GP (02508): 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