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
218
Placee count
12
Cornerstone investors
206
Anchor investors

Cornerstone investors

Name Shares allotted % of global offering % of post-IPO shares Lock-up
宏兴国际 4,884,200 9.68% 1.03% 6 months
GIC Private Limited 7,326,300 14.52% 1.54% 6 months
Schroders 6,105,200 12.10% 1.28% 6 months
HHLRA 2,035,000 4.03% 0.43% 6 months
MSIP 814,000 1.61% 0.17% 6 months
富国 814,000 1.61% 0.17% 6 months
富国香港 569,800 1.13% 0.12% 6 months
富国基金 244,200 0.48% 0.05% 6 months
西藏源乐晟及CICC Financial Trading Limited(与西藏源乐晟场外掉期有关) 814,000 1.61% 0.17% 6 months
工银理财 814,000 1.61% 0.17% 6 months
Wind Sabre 814,000 1.61% 0.17% 6 months
豪威香港 797,700 1.58% 0.17% 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 of 大族数控 (03200) saw an overwhelming oversubscription ratio of 446.39x, indicating extreme retail demand. Although the hit rate is reported as 0.0%—likely due to data inconsistency or a placeholder—the high oversubscription suggests fierce competition for allocations. The fixed offer price of HK$95.80 with a per-lot entry threshold of HK$9,580 attracted a massive number of applications (159,985 valid). (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

No tier-specific distribution data (e.g., A组 and B组 breakdowns) is provided, making it impossible to analyze 甲尾/乙头 efficiency or winner ratios. The absence of accepted applications data further clouds any assessment of allocation patterns across tiers. Investors should consult the official prospectus or HKEX filings for detailed tier subscription figures. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

The applicant base is predominantly mainland Chinese (71.4%), with only 28.0% Hong Kong residents, reflecting strong cross-border participation. Males make up 60.5% of holders, while females account for 39.5%, with an average age of 42.1 years. The high mainland ratio and 37,317 total holders suggest a broad retail following, though regional (e.g., Guangdong) breakdown is unavailable. (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 Hans CNC (03200): 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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