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Allotment Overview Calculated
Total Subscription Fees vs Public Offering Raise Amount
Total Subscription Fees vs Public Offering Raise Amount
(assuming HKD 100 handling fee per application)
Assuming a handling fee of HKD 100 per valid application, the total handling fees across all valid applications represent the corresponding ratio of the public offering raise amount. These fees are collected by brokers/banks and are payable regardless of whether the application is successful, representing a hidden cost often overlooked by investors in IPO subscriptions.
Subscription Tier Analysis Model prediction
Expected Lots Allotted by Subscription Tier
Pool A applications , Pool B applications . Expected lots allotted = "Approximate percentage of total shares applied for" as stated in the allotment announcement × shares applied ÷ lot size, taken directly from the announcement.
Capital Efficiency by Subscription Tier
Capital efficiency = Expected shares allotted ÷ shares applied × 100, i.e. the original "Approximate percentage of total shares applied for" value from the allotment announcement. The fewer shares applied for, the higher the capital efficiency.
Applicant Distribution by Subscription Tier
The vertical axis uses a logarithmic scale to better observe distribution differences across tiers of varying magnitudes. All four charts share the same x-axis; hover tooltips are synchronized.
Subscription Fee ÷ Allotted Market Value by Tier
Allotted market value = valid applicants × shares applied × (percentage applied for ÷ 100) × offer price; total handling fees = valid applicants × HKD 100; ratio = total fees ÷ allotted market value × 100%. Lower tiers have disproportionately high ratios due to very small allotments; ratios stabilize at higher tiers.
Allotment Results Subscription Tier List
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Registrar Allotment Profile
ID Type Distribution
Mainland Allottee Province Distribution (Top 15)
Mainland Allottee Gender Distribution
Mainland Allottee Age Distribution
HKID First Letter Distribution
HKID Issuance Era Distribution
Average Shares Allotted by ID Type
Average Shares Allotted by Province (Mainland)
Average Shares Allotted by Age (Mainland)
International Offering Raw facts
0.80
International oversubscription
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Placee count
17
Cornerstone investors
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Anchor investors
Cornerstone investors
Name
Shares allotted
% of global offering
% of post-IPO shares
Lock-up
胜宏科技集团（香港）有限公司
618,600
4.90%
0.15%
6 months
HHLR ADVISORS, LTD.
618,600
4.90%
0.15%
6 months
ASPEX MASTER FUND
618,600
4.90%
0.15%
6 months
建滔投资有限公司
412,400
3.26%
0.10%
6 months
CPE INVESTMENT XV LIMITED
412,400
3.26%
0.10%
6 months
CloudAlpha Capital Management Limited
412,400
3.26%
0.10%
6 months
易方达基金管理有限公司
103,100
0.82%
0.02%
6 months
易方达资产管理（香港）有限公司
206,200
1.63%
0.05%
6 months
VERITION MULTI-STRATEGY MASTER FUND LTD.
309,300
2.45%
0.07%
6 months
泰康人寿保险有限责任公司
206,200
1.63%
0.05%
6 months
ATHOS CAPITAL LIMITED
206,200
1.63%
0.05%
6 months
HEL VED MASTER FUND
206,200
1.63%
0.05%
6 months
MILLENNIUM
206,200
1.63%
0.05%
6 months
IFUND SPC–Vision IX SP
206,200
1.63%
0.05%
6 months
霸菱资产管理（亚洲）有限公司
164,900
1.31%
0.04%
6 months
Martis Fund, L.P.
164,900
1.31%
0.04%
6 months
定颖投资控股股份有限公司
164,100
1.30%
0.04%
6 months
International concentration
Rank
% of international placing
% of global offering
前1名
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About this page
This page shows allotment analysis for Dtech (01377): one-lot hit rate, Pool A/B allotment distribution, oversubscription multiple, and grey-market and first-day performance. Data is parsed from the HKEX allotment results announcement. How allotment rates and clawback work is explained in How Hong Kong IPO Allotment Rates Work.
IPOIPO Allotment Results Analysis
