Topnc 07688
IPOIPO Allotment Results Analysis
13.1000.61%( +0.080 )
Nov 13 · End-of-day data, not live · Hong Kong Stock Exchange
Allotment Results · Allotment · 20260520
IPOIPO Allotment Results Analysis| Name | Shares allotted | % of global offering | % of post-IPO shares | Lock-up |
|---|---|---|---|---|
| RBC | 6,536,200 | 10.00% | 1.60% | 6 months |
| 3W | 5,938,500 | 9.09% | 1.45% | 6 months |
| Boyu | 4,453,900 | 6.82% | 1.09% | 6 months |
| HHLRA | 2,969,200 | 4.54% | 0.73% | 6 months |
| UBS AM Singapore | 2,969,200 | 4.54% | 0.73% | 6 months |
| CDH | 2,969,200 | 4.54% | 0.73% | 6 months |
| 信庭基金 | 1,484,600 | 2.30% | 0.40% | 6 months |
| 富国基金 | 623,500 | 0.95% | 0.15% | 6 months |
| 富国香港 | 267,200 | 0.41% | 0.07% | 6 months |
| 华夏基金 | 890,700 | 1.40% | 0.20% | 6 months |
| 上海闵行 | 890,700 | 1.40% | 0.20% | 6 months |
| TT International | 890,700 | 1.40% | 0.20% | 6 months |
| 未来资产 | 890,700 | 1.40% | 0.20% | 6 months |
| 高盛资产管理 | 890,700 | 1.40% | 0.20% | 6 months |
| Rank | % of international placing | % of global offering |
|---|---|---|
| 前1名 | — | — |
The IPO attracted extraordinary demand, with an oversubscription ratio of 3,764.63 times, implying only a 16.42% overall hit rate among 344,049 valid applications. Such extreme enthusiasm in the industrial manufacturing sector, coupled with a reallocation of shares from the international tranche, signals a fiercely competitive and optimistic market reception. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
At the top of the A pool, an application for 100,000 shares expected just 0.1516 lots, while the entry-level B application for 200,000 shares expected 0.4 lots—more than double the allocation despite twice the shares applied, revealing a disproportionate advantage at the B-head tier. This gap suggests that for large applicants, breaking into the B pool materially improves the chance of receiving a meaningful allotment, though both tiers still face extremely low hit rates. Broker fee efficiency varies significantly; for A-tail applicants, fixed costs may erode any potential gain given the fractional expected lots. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Mainland investors dominated with 66.6% of successful applicants, reflecting strong cross-border demand likely channeled through Stock Connect, while Hong Kong residents accounted for 32.5%. The holder base skewed male (61.5%) and middle-aged, with an average age of 41.6, which aligns with typical patterns of risk-tolerant, active IPO participants concentrated in regions like Guangdong. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
This page shows allotment analysis for Topnc (07688): 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.
