Data layers Raw facts Calculated Model prediction AI interpretation

Allotment Overview Calculated

Total Subscription Fees vs Public Offering Raise Amount

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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International Offering Raw facts

14.64
International oversubscription
162
Placee count
12
Cornerstone investors
150
Anchor investors

Cornerstone investors

Name Shares allotted % of global offering % of post-IPO shares Lock-up
CPE Funds 0 3.76% — 6 months
Eastspring Investments (Singapore) Limited 0 3.55% — 6 months
MY Asian Opportunities Master Fund, L.P. 0 2.37% — 6 months
UBS Asset Management (Singapore) Ltd. 0 7.10% — 6 months
霸菱资产管理(亚洲)有限公司 0 2.37% — 6 months
大家人寿保险股份有限公司 0 2.37% — 6 months
大湾区共同家园投资有限公司 0 3.55% — 6 months
工银理财有限责任公司 0 2.37% — 6 months
国泰君安证券投资(香港)有限公司 0 3.34% — 6 months
惠理基金管理香港有限公司 0 7.10% — 6 months
景林资产管理香港有限公司 0 6.90% — 6 months
上海景林及中信证券国际资本管理有限公司 0 0.19% — 6 months

International concentration

Rank % of international placing % of global offering
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AI AI Analysis AI interpretation deepseek-v4-pro · AI-generated
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Underlying data failed quality checks; AI interpretation downgraded and shown for reference only.

Market Sentiment

The offering saw extraordinary demand with an oversubscription ratio of 1070.72, reflecting frenzied investor enthusiasm. However, the 0.0% hit rate underscores an extreme allocation squeeze, leaving virtually all retail participants empty-handed despite the reallocation. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

The 甲尾 (A-tail) expected 0.4557 lots on 60,000 lots applied, while 乙头 (B-head) expected 0.56 lots on 70,000 lots, a negligible 0.1-lot difference that erodes the incentive for upgrading to a higher-cost tier. This tight spread points to an inefficient tier design where marginal additional capital yields almost no extra allocation. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Mainland China applicants made up 70.5% of the base, signaling heavy cross-border interest, likely concentrated in Guangdong given typical flows. The pool skewed male (60.8%) with an average age of 42.3, consistent with the profile of seasoned retail speculators. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

About this page

This page shows allotment analysis for Delton (01989): 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.

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