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

13.40
International oversubscription
75
Placee count
21
Cornerstone investors
54
Anchor investors

Cornerstone investors

Name Shares allotted % of global offering % of post-IPO shares Lock-up
HHLRA 1,591,200 5.95% 0.59% 6 months
Mirae Asset Securities HK 530,400 1.98% 0.20% 6 months
Perseverance Asset Management 636,400 2.38% 0.24% 6 months
大成国际 371,200 1.39% 0.14% 6 months
广发基金香港 318,200 1.19% 0.12% 6 months
Oakwise Growth Fund 530,400 1.98% 0.20% 6 months
Jump Trading 318,200 1.19% 0.12% 6 months
VVC Technology 212,100 0.79% 0.08% 6 months
FMF 212,100 0.79% 0.08% 6 months
太湖金谷 530,400 1.98% 0.20% 6 months
拓斯达环球 458,500 1.71% 0.17% 6 months
双城资本及建投(海外)投资有限公司(就场外掉期而言) 424,300 1.59% 0.16% 6 months
恒邦及中国银河国际投资有限公司(就恒邦场外掉期而言) 302,600 1.13% 0.11% 6 months
文盈投资 381,800 1.43% 0.14% 6 months
存然资本 318,200 1.19% 0.12% 6 months
何茂灵先生 318,200 1.19% 0.12% 6 months
罗杰先生 318,200 1.19% 0.12% 6 months
联域集团 262,500 0.98% 0.10% 6 months
民银国际 265,200 0.99% 0.10% 6 months
雾凇 271,400 1.01% 0.10% 6 months
万源资本 271,400 1.01% 0.10% 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 IPO for 兆威机电 attracted an extraordinary oversubscription ratio of 1,536.76x, signaling intense market appetite for this industrial manufacturing stock. The published hit rate of 0% appears to be a data placeholder rather than actual allocations, given the reallocation triggered. The offer price was fixed at HK$71.28 per share with no disclosed range. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

The A-tail (60,000 lots applied) yielded an average of 0.3031 lots, while the B-head (70,000 lots applied) delivered 0.3501 lots—a rare situation where the higher-tier B application resulted in more absolute shares than the top A-tier. This suggests that A-tail applicants faced a penalty in allocation efficiency relative to those who committed the larger B-head capital. Such inversion is atypical and may have eroded the profitability of A-tail applications after broker fees. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Mainland Chinese investors comprised 72.0% of the 22,939 total holders, underscoring strong cross-border demand for this Hong Kong IPO. The gender split was 59.3% male and 40.7% female, with an average age of 42.5, reflecting a mature investor base. While no regional breakdown is available, the high mainland participation often points to significant Guangdong-based interest. (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 Zhaowei (02692): 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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