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

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International oversubscription
108
Placee count
6
Cornerstone investors
102
Anchor investors

Cornerstone investors

Name Shares allotted % of global offering % of post-IPO shares Lock-up
HHLRA 5,521,000 5.67% 0.78% 6 months
国泰君安证券 2,838,000 0.40% 0.40% 6 months
君宜香港基金 2,683,000 2.76% 0.38% 6 months
Shengying Investment 5,521,000 5.67% 0.78% 6 months
Zeta Fund 5,521,000 5.67% 0.78% 6 months
海底捞新加坡 2,208,500 0.31% 0.31% 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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The following content is generated by an AI model based on historical IPO data. It does NOT constitute investment advice, solicitation, or recommendation. Past subscription patterns and post-listing performance do not guarantee future results. Data may contain inaccuracies — always verify against official HKEX filings and prospectuses before making any investment decision.

Market Sentiment

The retail tranche of 遇见小面 (02408) drew extreme enthusiasm, with an oversubscription ratio of 425.97x and a low hit rate of just 15.71%, signaling fierce competition for shares. The offer price was set at HK$7.04, and the massive oversubscription triggered reallocation from the international tranche, underscoring robust market appetite. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A notable tier inefficiency emerges: 甲尾 applicants subscribing for 700,000 shares (1,400 lots) receive only an expected 0.58 lots, while 乙头 applicants with slightly larger subscriptions of 800,000 shares (1,600 lots) are guaranteed 1 lot. This makes the jump from 甲尾 to 乙头 highly cost-effective, as an incremental 200 lots secures a full allocation, though broker fee structures and actual execution costs may vary. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

The applicant base was dominated by mainland Chinese investors, who accounted for 66.3% of successful applicants, a typical pattern for hot Hong Kong IPOs. The gender split skewed male at 62.6%, and the average age was 42.9, suggesting participation by middle-aged, experienced retail investors. (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 Xiao Noodles (02408): 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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