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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.
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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Registrar Allotment Profile
ID Type Distribution
Mainland Allottee Province Distribution (Top 15)
Mainland Allottee Gender Distribution
Mainland Allottee Age Distribution
HKID First Letter Distribution
HKID Issuance Era Distribution
Average Shares Allotted by ID Type
Average Shares Allotted by Province (Mainland)
Average Shares Allotted by Age (Mainland)
International Offering Raw facts
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International oversubscription
233
Placee count
26
Cornerstone investors
207
Anchor investors
Cornerstone investors
Name
Shares allotted
% of global offering
% of post-IPO shares
Lock-up
GIC Private Limited
4,597,700
8.51%
0.68%
6 months
JPMAMAPL
4,505,700
8.34%
0.67%
6 months
CPE Ginkgo
3,494,200
6.47%
0.52%
6 months
Da Cheng International
275,800
0.51%
0.04%
6 months
大家人寿
275,800
0.51%
0.04%
6 months
DAMSIMF
275,800
0.51%
0.04%
6 months
First Sentier Investors
1,839,000
3.41%
0.27%
6 months
广发基金管理
919,500
1.70%
0.14%
6 months
广发基金香港
183,900
0.34%
0.03%
6 months
Golden Continent
275,800
0.51%
0.04%
6 months
嘉实国际资产管理
275,800
0.51%
0.04%
6 months
HHLRA
3,586,200
6.64%
0.53%
6 months
HHLRA(身为CPP Investments管理的SMA的投资管理人)
919,500
1.70%
0.14%
6 months
Huadeng Technology
459,700
0.85%
0.07%
6 months
新加坡华勤
643,600
1.19%
0.10%
6 months
Sungrow Power
367,800
0.68%
0.05%
6 months
工银理财
275,800
0.51%
0.04%
6 months
iSoftStone HK
275,800
0.51%
0.04%
6 months
LMR Master Fund
275,800
0.51%
0.04%
6 months
Millennium Capital
459,700
0.85%
0.07%
6 months
Ninety One Asia
275,800
0.51%
0.04%
6 months
Ocean Fine Industrial
367,800
0.68%
0.05%
6 months
中邮理财
275,800
0.51%
0.04%
6 months
Taikang Life
735,600
1.36%
0.11%
6 months
Value Partners Hong Kong Limited
928,700
1.72%
0.14%
6 months
Value Partners Limited
174,700
0.32%
0.03%
6 months
International concentration
Rank
% of international placing
% of global offering
前1名
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About this page
This page shows allotment analysis for SG Micro (03661): 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.