Soft Intl 02569Expected Lots

Soft Intl (02569) Expected Lots
Offering Mechanism: Mechanism A (Old) | Min Subscription: HK$2,550  |  Public Offering Lots: Pool A 12,500lots / Pool B 12,500lots  |  Offer Price: HK$0.51  |  Lot Size: 5000shares  |  Public Offering Size: HK$63.8M
1x78431.0x
Recent first-day return
+4.6%
→
Participants
14,250
→
Avg lots
94.1
→
Oversubscription
268x
268x = 14,250 × 94.1 ÷ 5,000 margin-weighted 100% → 185.5x
Margin dynamics · 2025-03-24 18:12 Margin multiple142.67x Margin funds21.4100M TradeGo forecast multiple185.47x
Rank Broker Margin funds
1 富途证券富途 9.9100M
2 辉立证券辉立 7.1100M
3 老虎国际老虎 2.5100M
4 华盛证券华盛 600010K
5 华泰国际华泰 406810K
6 信诚证券信诚 300010K
7 耀才证券耀才 240010K
8 盈立证券盈立 110410K
10 致富证券致富 60010K
11 卓锐证券 58210K
12 艾德证券艾德 18310K
13 盈宝证券盈宝 16010K
14 TradeGo MarketsTradeGo 1810K
Margin multiple
TimeMultiple
2025-03-19T06:00:00+08:000
2025-03-19T10:06:42+08:000.4
2025-03-19T11:48:42+08:000.4053333333333333
2025-03-19T11:48:59+08:001.1386666666666667
2025-03-19T11:49:07+08:001.2053333333333334
2025-03-19T12:10:07+08:001.2086666666666666
2025-03-19T12:10:39+08:001.2753333333333334
2025-03-19T13:43:22+08:001.284
2025-03-19T13:43:40+08:001.3506666666666667
2025-03-19T14:02:59+08:001.3633333333333333
2025-03-19T14:07:53+08:001.7633333333333334
2025-03-19T15:30:44+08:001.772
2025-03-19T15:31:13+08:002.172
2025-03-19T16:19:34+08:002.1733333333333333
2025-03-19T16:19:52+08:002.24
2025-03-19T17:08:29+08:002.275333333333333
2025-03-19T17:08:37+08:002.342
2025-03-19T17:30:46+08:005.008666666666667
2025-03-19T17:31:03+08:005.075333333333333
2025-03-19T18:20:23+08:005.077333333333334
2025-03-19T18:20:43+08:005.477333333333333
2025-03-19T18:21:48+08:005.832
2025-03-19T18:22:29+08:005.8453333333333335
2025-03-19T18:23:12+08:005.864
2025-03-19T20:18:16+08:005.930666666666666
2025-03-19T20:18:22+08:005.932
2025-03-19T20:18:28+08:006.332
2025-03-19T20:18:35+08:006.732
2025-03-19T22:23:09+08:006.798666666666667
2025-03-20T08:39:34+08:006.865333333333333
2025-03-20T08:39:42+08:006.932
2025-03-20T08:39:54+08:006.998666666666667
2025-03-20T08:40:01+08:007.465333333333334
2025-03-20T08:40:11+08:007.465333333333334
2025-03-20T09:04:29+08:007.544666666666667
2025-03-20T09:07:15+08:007.678
2025-03-20T10:09:34+08:007.931333333333333
2025-03-20T10:09:51+08:007.940666666666667
2025-03-20T10:10:14+08:008.407333333333334
2025-03-20T11:02:49+08:008.417333333333334
2025-03-20T11:05:15+08:008.817333333333334
2025-03-20T12:08:48+08:008.853333333333333
2025-03-20T12:08:55+08:0010.031333333333333
2025-03-20T12:08:58+08:0010.231333333333334
2025-03-20T13:48:02+08:0010.898
2025-03-20T13:48:16+08:0011.044
2025-03-20T13:48:27+08:0012.577333333333334
2025-03-20T13:48:30+08:0012.724
2025-03-20T14:17:19+08:0012.735333333333333
2025-03-20T14:17:24+08:0013.602
2025-03-20T14:17:29+08:0014.468666666666667
2025-03-20T14:41:06+08:0014.868666666666666
2025-03-20T15:34:19+08:0014.948666666666666
2025-03-20T15:34:23+08:0015.615333333333334
2025-03-20T16:02:25+08:0015.631333333333334
2025-03-20T16:05:09+08:0015.822
2025-03-20T17:34:35+08:0017.822
2025-03-20T18:02:10+08:0017.888666666666666
2025-03-20T18:02:19+08:0017.890666666666668
2025-03-20T18:04:19+08:0017.910666666666668
2025-03-20T18:04:54+08:0019.358666666666668
2025-03-20T18:05:04+08:0019.329333333333334
2025-03-20T18:05:12+08:0019.129333333333335
2025-03-20T18:13:27+08:0019.671333333333333
2025-03-20T20:12:20+08:0019.696666666666665
2025-03-20T23:35:34+08:0019.83
2025-03-20T23:35:38+08:0020.096666666666668
2025-03-20T23:35:42+08:0020.296666666666667
2025-03-21T07:44:35+08:0020.296666666666667
2025-03-21T07:44:40+08:0020.296666666666667
2025-03-21T07:44:44+08:0020.363333333333333
2025-03-21T07:44:49+08:0021.43
2025-03-21T09:26:57+08:0021.696666666666665
2025-03-21T09:27:01+08:0021.788666666666668
2025-03-21T09:27:10+08:0022.122
2025-03-21T09:27:13+08:0022.255333333333333
2025-03-21T10:07:03+08:0022.35
2025-03-21T10:07:10+08:0022.514
2025-03-21T11:14:54+08:0022.522
2025-03-21T11:15:13+08:0022.588666666666665
2025-03-21T12:12:28+08:0022.636
2025-03-21T12:12:49+08:0023.129333333333335
2025-03-21T12:13:18+08:0024.729333333333333
2025-03-21T13:41:59+08:0025.262666666666668
2025-03-21T14:15:03+08:0025.796
2025-03-21T14:15:14+08:0026.542
2025-03-21T14:15:57+08:0027.542
2025-03-21T15:09:30+08:0028.342
2025-03-21T16:36:01+08:0029.315333333333335
2025-03-21T16:36:11+08:0029.582
2025-03-21T17:23:10+08:0029.715333333333334
2025-03-21T17:23:41+08:0032.382
2025-03-21T17:23:50+08:0033.51533333333333
2025-03-21T18:04:15+08:0033.49666666666667
2025-03-21T18:05:39+08:0033.63
2025-03-21T18:07:47+08:0033.83
2025-03-21T18:13:10+08:0034.977333333333334
2025-03-21T20:22:45+08:0036.71066666666667
2025-03-21T20:22:52+08:0036.844
2025-03-21T22:11:49+08:0039.444
2025-03-21T22:12:07+08:0039.71066666666667
2025-03-22T11:43:20+08:0040.444
2025-03-22T11:43:38+08:0040.910666666666664
2025-03-22T11:44:00+08:0040.910666666666664
2025-03-22T11:44:11+08:0041.17733333333333
2025-03-22T11:44:22+08:0041.644
2025-03-22T11:44:28+08:0041.71066666666667
2025-03-22T11:44:35+08:0041.977333333333334
2025-03-22T11:44:48+08:0042.11066666666667
2025-03-22T11:44:54+08:0042.444
2025-03-22T11:45:11+08:0043.17733333333333
2025-03-22T11:45:29+08:0046.036
2025-03-22T11:45:35+08:0046.36933333333333
2025-03-22T11:45:46+08:0048.036
2025-03-22T16:23:02+08:0048.62
2025-03-22T16:23:08+08:0048.82
2025-03-22T16:23:18+08:0049.75333333333333
2025-03-22T16:23:23+08:0049.89666666666667
2025-03-22T16:23:29+08:0050.03
2025-03-22T16:23:40+08:0050.89666666666667
2025-03-22T16:23:45+08:0050.784666666666666
2025-03-22T16:23:51+08:0051.318
2025-03-22T19:30:08+08:0051.518
2025-03-22T19:30:14+08:0051.576
2025-03-22T19:30:31+08:0052.376
2025-03-22T19:30:37+08:0053.309333333333335
2025-03-22T22:03:12+08:0053.10933333333333
2025-03-22T22:03:18+08:0053.242666666666665
2025-03-23T12:16:18+08:0053.976
2025-03-23T12:16:25+08:0055.576
2025-03-23T12:16:38+08:0055.976
2025-03-23T12:16:43+08:0056.64266666666666
2025-03-23T12:16:54+08:0056.70933333333333
2025-03-23T12:17:00+08:0056.776
2025-03-23T12:17:13+08:0056.909333333333336
2025-03-23T12:17:21+08:0057.309333333333335
2025-03-23T12:17:28+08:0057.909333333333336
2025-03-23T12:17:36+08:0058.842666666666666
2025-03-23T12:17:44+08:0059.50933333333333
2025-03-23T12:17:56+08:0061.04266666666667
2025-03-23T12:19:24+08:0062.302
2025-03-23T12:19:30+08:0062.123333333333335
2025-03-23T20:18:58+08:0062.43933333333333
2025-03-23T20:19:05+08:0063.19533333333333
2025-03-23T20:19:12+08:0063.986
2025-03-23T20:19:45+08:0064.25266666666667
2025-03-23T20:19:53+08:0065.31933333333333
2025-03-23T20:20:00+08:0067.25266666666667
2025-03-23T20:20:07+08:0068.71933333333334
2025-03-23T20:20:13+08:0070.45266666666667
2025-03-23T20:20:21+08:0071.71933333333334
2025-03-23T20:20:29+08:0074.51933333333334
2025-03-23T20:20:42+08:0073.65266666666666
2025-03-24T08:37:00+08:0074.586
2025-03-24T08:37:04+08:0082.386
2025-03-24T08:37:07+08:0085.786
2025-03-24T08:37:10+08:0087.186
2025-03-24T08:37:23+08:0087.186
2025-03-24T08:39:04+08:0087.666
2025-03-24T09:16:56+08:0092.13266666666667
2025-03-24T09:16:59+08:0094.666
2025-03-24T10:09:59+08:00100.55933333333333
2025-03-24T12:44:30+08:00139.89266666666666
2025-03-24T12:44:58+08:00141.85933333333332
2025-03-24T18:12:16+08:00142.67
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
0.49
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
0.59
This model does not support allocation strategy adjustment

Actual vs Predicted Comparison

Using the actual oversubscription ratio 167.09x and current allocation strategy (Pool A α=0.494, Pool B α=0.594) as the baseline, comparing actual vs predicted expected allotment lots per tier

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

LogoSoft Intl 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
185.5x
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
0.49

Pool B

Oversubscription
185.5x
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
0.59
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 Soft Intl (02569): 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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