Estun 02715Hong Kong Stock ExchangeIPOIPO Allotment Results Analysis

12.8903.66%( -0.490 )
Nov 13 · End-of-day data, not live · Hong Kong Stock Exchange
Allotment Results · 20260309
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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

3.34
International oversubscription
87
Placee count
7
Cornerstone investors
80
Anchor investors

Cornerstone investors

Name Shares allotted % of global offering % of post-IPO shares Lock-up
Harvest Oriental 9,661,400 9.98% 1.00% 6 months
亨通光电国际 7,246,000 7.49% 0.75% 6 months
Dream'ee HK Fund 4,944,200 5.11% 0.51% 6 months
至源 4,830,600 4.99% 0.50% 6 months
Haitian Huayuan 2,355,600 2.43% 0.24% 6 months
裕祥 1,835,600 1.90% 0.19% 6 months
前海合众投资 1,449,200 1.50% 0.15% 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 saw a moderate oversubscription of 19.67 times, resulting in a hit rate of 25.01%. This indicates solid but not excessive retail interest, with reallocation from the international tranche occurring despite the no-clawback mechanism B. Overall, the subscription dynamics suggest cautious market enthusiasm for this industrial robotics firm. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

甲尾 (A-tail) applicants with a subscription of HKD 200,000 received an expected allocation of 0.5269 lots, while 乙头 (B-head) applicants at HKD 300,000 achieved only 0.3944 lots. This results in a counterintuitive drop in expected lots for a higher tier, making the A-tail more capital-efficient and raising questions about the tier structure under the no-clawback mechanism. Investors should consider that broker fees may alter net returns, and actual allocations can deviate from expected values. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

The provided data does not include any demographic breakdown; mainland and Hong Kong participation rates are listed as zero, likely indicating unavailable figures. Without this information, it is not possible to assess regional or demographic trends in the applicant pool. Investors should refer to official disclosures for any demographic insights. (This is AI-generated commentary based on historical data. Data may contain errors or omissions from source documents — verify against official HKEX filings. Not financial advice.)

AI-generated content. For informational purposes only. Not financial advice. Verify against official sources.
About this page

This page shows allotment analysis for Estun (02715): 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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