Data layersRaw factsCalculatedModel predictionAI interpretation
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.
International placement under-subscribed (0.95x); 2,000,000 unsubscribed international shares reallocated to the public offering
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.
Underlying data failed quality checks; AI interpretation downgraded and shown for reference only.
Market Sentiment
The IPO was heavily oversubscribed at 1,421.54x, reflecting extraordinary investor enthusiasm. The overall hit rate of 20.04% suggests a relatively generous allocation, possibly due to reallocation of international tranche shares. No price range was disclosed, so pricing dynamics relative to the offer price of HKD 14.6 remain unclear. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
There is a notable tier anomaly: B-head applications (300,000) significantly outnumbered A-tail applications (200,000), with B-head expected lots at 0.2 versus 0.1771 for A-tail. This indicates investors flocked to the B-head tier for its marginally higher expected allocation, potentially due to better broker fee efficiency or strategic advantages. The data suggests A-tail was relatively less attractive despite its lower entry threshold. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Demographic data is incomplete, showing zero percentages for mainland and Hong Kong participation and no total holder count. This likely reflects missing information rather than actual zero diversity, so typical patterns cannot be assessed. Without this data, no insights into geographic or demographic trends are possible. (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 Shougang Lanza (02553): 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
