Chery Auto 09973Hong Kong Stock ExchangeIPOIPO Allotment Results Analysis

22.1801.51%( -0.340 )
Nov 13 · End-of-day data, not live · Hong Kong Stock Exchange
Allotment Results · 20250925
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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

11.61
International oversubscription
251
Placee count
13
Cornerstone investors
238
Anchor investors

Cornerstone investors

Name Shares allotted % of global offering % of post-IPO shares Lock-up
JSC International Investment Fund SPC（代表ShanRui SP） 48,130,000 16.18% 0.83% 6 months
HHLRA 15,199,300 0.70% 0.30% 6 months
上海景林及CICC Financial Trading Limited（就景林场外掉期交易而言） 13,932,700 4.68% 0.24% 6 months
香港景林 1,266,600 0.43% 0.02% 6 months
黄山建投 10,386,200 3.49% 0.18% 6 months
晶汇瑞盈 10,386,200 3.49% 0.18% 6 months
Horizon Together 10,132,800 0.40% 0.20% 6 months
大家人寿 8,359,600 2.81% 0.14% 6 months
Martis Fund 8,359,600 2.81% 0.14% 6 months
国轩香港 7,346,300 2.47% 0.13% 6 months
合肥建汇 5,066,400 1.70% 0.09% 6 months
中邮理财 5,066,400 1.70% 0.09% 6 months
星宇香港 5,066,400 1.70% 0.09% 6 months

International concentration

Rank % of international placing % of global offering
Top 5 46.18% 39.59%
Top 10 70.03% 60.03%
Top 25 100.14% 85.84%
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 was oversubscribed by 308.18 times, reflecting robust investor demand for Chery Automobile. The final hit rate of 33.05% is relatively high for a heavily oversubscribed offering, suggesting a generous allocation to the public tranche. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

An anomaly is observed where both the A-tail (100,000 shares) and B-head (200,000 shares) applicants are expected to receive only 1 lot, indicating that the incremental investment yields no additional shares. This flat allocation curve may discourage large subscriptions and raises questions about broker fee efficiency at higher tiers. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Demographic data for this IPO was not provided, so no analysis of mainland participation or regional distribution is possible. Investors should refer to other sources for more detailed applicant profiles. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. 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 Chery Auto (09973): 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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