SWL TOUR 06157Hong Kong Stock ExchangeIPOSubscription Calculator

3.920 - 5.070
Price range · Lists Oct 23
Estimate subscription cost and break-even
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Enter your own final oversubscription multiple to re-run the hit-rate forecast
Check to customize financing ratio and annual rate
When checked, the handling fee is refunded if you are not allotted; the expected fee is scaled by the allotment probability

Results

MetricCashMargin
Subscription AmountHK$5,070HK$5,070
Margin Amount—HK$4,563
Financing Interest—HK$0
Handling FeeHK$30HK$30
Sell CommissionHK$0.20HK$0.20
Platform FeeHK$0HK$0
Sell TaxesHK$0.88HK$0.88
Total CostHK$31HK$31
Expected Allocated Lots0.153 lots0.153 lots
Expected Allocated AmountHK$775HK$775
Break-even Move4.01%4.01%
Break-even PriceHK$5.273HK$5.273

Calculation

  • Subscription amount = lots × lot size × offer price; margin amount = subscription amount × financing ratio; financing interest = margin amount × annual rate × interest days ÷ 365.
  • Total cost = handling fee + financing interest + sell-side costs; sell-side costs = sell commission + platform fee + sell taxes (stamp duty 0.1% + trading fee 0.00565% + transaction levy 0.0027% + FRC levy 0.00015%, all fixed HKEX rates). The platform fee is fixed and scaled by the allotment probability (proportional when expected lots are below 1).
  • Break-even move is solved from (expected allocated amount + handling fee + financing interest + platform fee) ÷ expected allocated amount ÷ (1 − sell commission rate − sell tax rate) − 1; break-even price = offer price × (1 + break-even move).
  • Expected allocated lots come from the hit-rate forecast model (KNN similar-IPO matching) and vary with the oversubscription multiple; the 1-lot hit rate is the model's estimate at the current forecast multiple, not a guarantee.
About this page

This page estimates the subscription cost and break-even for SWL TOUR (06157): enter the number of lots and whether to use margin financing to compute the subscription amount, financing interest, handling fee, expected allocated lots and break-even price. Expected allocated lots come from the hit-rate forecast model (similar-IPO matching); financing interest is estimated as margin amount × annual rate × interest days ÷ 365, with interest days taken from the frozen-capital calendar (deadline to refund day). Data sources: HKEX prospectus and allotment results, and the hit-rate forecast model.

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