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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
HKID First Letter Distribution
HKID Issuance Era Distribution
Average Shares Allotted by ID Type
Average Shares Allotted by Province (Mainland)
International Offering Raw facts
4.67
International oversubscription
192
Placee count
27
Cornerstone investors
165
Anchor investors
Cornerstone investors
Name
Shares allotted
% of global offering
% of post-IPO shares
Lock-up
Primavera Investment Fund
7,136,300
4.15%
0.73%
6 months
GBAHIL – Mega Prime
3,568,100
2.07%
0.36%
6 months
GBAHIL – Poly Platinum
3,568,100
2.07%
0.36%
6 months
CFTC Paragon SP
7,136,300
4.15%
0.73%
6 months
HK BVF I LPF
7,136,300
4.15%
0.73%
6 months
Orient Asset Management
3,568,100
2.07%
0.36%
6 months
Mount Altai
3,568,100
2.07%
0.36%
6 months
Peak View Capital
3,568,100
2.07%
0.36%
6 months
Sinofortune International
3,568,100
2.07%
0.36%
6 months
Ambre Lau Trade Limited
3,568,100
2.07%
0.36%
6 months
SCV Delta
2,378,700
1.38%
0.24%
6 months
Mirae Asset Securities HK
2,378,700
1.38%
0.24%
6 months
PAG Capital Structure Opportunity Fund LP
2,378,700
1.38%
0.24%
6 months
Turquoise Hime (ORIX)
2,378,700
1.38%
0.24%
6 months
GF Fund – GF Fund Management
2,259,800
1.31%
0.23%
6 months
GF Fund – GF Fund HK
118,900
0.07%
0.01%
6 months
E Fund – E Fund HK
2,259,800
1.31%
0.23%
6 months
E Fund – E Fund Management
118,900
0.07%
0.01%
6 months
CSC OTC Swap
2,378,700
1.38%
0.24%
6 months
First Seafront Asset Management Limited
2,378,700
1.38%
0.24%
6 months
GaoTeng Global Asset Management Limited
2,378,700
1.38%
0.24%
6 months
GigaDevice
2,378,700
1.38%
0.24%
6 months
Amlogic Hong Kong
2,378,700
1.38%
0.24%
6 months
Atlas Venture Limited
2,378,700
1.38%
0.24%
6 months
Alphahill Capital
2,378,700
1.38%
0.24%
6 months
ODI Trust
2,378,700
1.38%
0.24%
6 months
Barings
1,189,300
0.69%
0.12%
6 months
About this page
This page shows allotment analysis for Ligent (09856): 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.
IPOIPO Allotment Results Analysis
