IPO Timeline Raw facts
Broker Deadline
Morning deadline
HKEX Deadline
Noon deadline
Broker Results (T-2)
Some brokers release in afternoon
Grey Market (T-1)
Afternoon
HKEX Allotment (T-1)
Evening
Registrar Allotment (T-1)
Evening
Listing Day (T)
First day of trading
Cross-Market Price Comparison
| Other Listed Market | Shenzhen (SZSE) — 大金重工 |
|---|---|
| Other Market Stock Code | 002487 |
| H-Share Offer Price | HK$ 66.40 |
| Other Market Price | Loading... |
| Reference Exchange Rate | Loading... |
| H-Share Offer Price Premium/Discount vs Other Market | Loading... |
Company Overview
| Stock Name | Dajin |
|---|---|
| Stock Code | 01081 |
| Company Full Name | Dajin Heavy Industry Co., Ltd. |
| Industry | New Energy |
| Principal Activities | We are a globally leading provider of core offshore wind power equipment, offering integrated solutions across production, transportation, and delivery of wind foundation to major offshore wind developers worldwide. Our core operations span offshore wind power equipment R&D and manufacturing, heavy marine transportation, ship design and construction, wind and photovoltaic power generation, and wind marshalling port operations. |
| Listing Date | 2026-06-05 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | No. 155, Xinqiu Street, Xinqiu District, Fuxin, Liaoning Province, PRC |
| Business Address (Hong Kong) | 40/F, Dah Sing Financial Centre, 248 Queen's Road East, Wanchai, Hong Kong |
| Place of Incorporation | China |
| Listing Method | Global Offering (Public Offer + International Placing) |
| Listing Board | Main Board |
| Website | dajin.cn |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | 卓佳证券登记有限公司，香港金钟道89号力宝中心1座31楼3101-3103室 |
| A-Share/US Dual Listing | Yes (A股) |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 66.40 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 100 shares |
| Entry Threshold | HK$ 6,640 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-05-28 to 2026-06-02 |
| Global Offering Shares | 86,965,800 shares |
| HK Public Offer Shares (Initial) | 8,696,600 shares (10.0%) |
| Public Offer Lots (Initial) | 86,966lots (Pool A43,483lots，Pool B43,483lots) |
| International Placing Shares (Initial) | 78,269,200 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | To be extracted |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 48.5% |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 5,774,529,120 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 6,640 |
| 2 lots | 200 | HK$ 13,280 |
| 3 lots | 300 | HK$ 19,920 |
| 4 lots | 400 | HK$ 26,560 |
| 5 lots | 500 | HK$ 33,200 |
| 6 lots | 600 | HK$ 39,840 |
| 7 lots | 700 | HK$ 46,480 |
| 8 lots | 800 | HK$ 53,120 |
| 9 lots | 900 | HK$ 59,760 |
| 10 lots | 1,000 | HK$ 66,400 |
| 15 lots | 1,500 | HK$ 99,600 |
| 20 lots | 2,000 | HK$ 132,800 |
| 25 lots | 2,500 | HK$ 166,000 |
| 30 lots | 3,000 | HK$ 199,200 |
| 35 lots | 3,500 | HK$ 232,400 |
| 40 lots | 4,000 | HK$ 265,600 |
| 45 lots | 4,500 | HK$ 298,800 |
| 50 lots | 5,000 | HK$ 332,000 |
| 60 lots | 6,000 | HK$ 398,400 |
| 70 lots | 7,000 | HK$ 464,800 |
| 80 lots | 8,000 | HK$ 531,200 |
| 90 lots | 9,000 | HK$ 597,600 |
| 100 lots | 10,000 | HK$ 664,000 |
| 200 lots | 20,000 | HK$ 1,328,000 |
| 300 lots | 30,000 | HK$ 1,992,000 |
| 400 lots | 40,000 | HK$ 2,656,000 |
| 500 lots | 50,000 | HK$ 3,320,000 |
| 600 lots | 60,000 | HK$ 3,984,000 |
| 700 lots | 70,000 | HK$ 4,648,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 800 lots | 80,000 | HK$ 5,312,000 |
| 900 lots | 90,000 | HK$ 5,976,000 |
| 1,000 lots | 100,000 | HK$ 6,640,000 |
| 2,000 lots | 200,000 | HK$ 13,280,000 |
| 3,000 lots | 300,000 | HK$ 19,920,000 |
| 4,000 lots | 400,000 | HK$ 26,560,000 |
| 5,000 lots | 500,000 | HK$ 33,200,000 |
| 6,000 lots | 600,000 | HK$ 39,840,000 |
| 7,000 lots | 700,000 | HK$ 46,480,000 |
| 8,000 lots | 800,000 | HK$ 53,120,000 |
| 9,000 lots | 900,000 | HK$ 59,760,000 |
| 10,000 lots | 1,000,000 | HK$ 66,400,000 |
| 20,000 lots | 2,000,000 | HK$ 132,800,000 |
| 30,000 lots | 3,000,000 | HK$ 199,200,000 |
| 43,483 lots | 4,348,300 | HK$ 288,727,120 |
Stock Connect Inclusion Analysis
| HK Market Cap | HK$ 2.82B |
|---|---|
| Analysis Result | Already included in Stock Connect (both) |
Valuation & Financials
| Market Cap (at Offer Price) | To be extracted |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Approximately 33.5x (based on offer price HK$66.4 and 2025 EPS) |
| Profit/Loss Status | Net loss RMB 3.7 million |
| Period-End Cash Balance | RMB 2,855.77 million |
| Listing Expenses | ~HK$ 157,800,000 |
| Listing Expenses / Funds Raised | ~2.8% |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | Loading... |
|---|---|
| Use of Proceeds | Approx. 55.0% for enhancement of integrated deep-sea solutions, approx. 20.0% for investment and construction of assembly base in Europe, approx. 10.0% for global center for R&D, approx. 5.0% for expansion into new overseas markets, approx. 10.0% for general working capital and corporate purposes. |
Underwriting Syndicate
Joint Sponsors (2)
Overall Coordinators (4)
Joint Global Coordinators (5)
Joint Bookrunners (5)
Joint Lead Managers (5)
Capital Market Intermediaries (5)
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
凯易律师事务所 北京海润天睿律师事务所 |
| Legal Advisor to Sponsors/Underwriters |
金杜律师事务所 金杜律师事务所 |
| Auditor and Reporting Accountant | 香港立信德豪会计师事务所有限公司 |
| Industry Advisor | 弗若斯特沙利文（北京）咨询有限公司上海分公司 |
| Compliance Advisor | 浩德融资有限公司 CE AGH102 |
| Receiving Banks | 中国工商银行（亚洲）有限公司 |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | GIC | 80,000,000 USD | 9,434,400 | 10.85% | 1.30% | 6 months | 2026-12-05 |
| 2 | HHLRA及HIM HHLRA | 25,000,000 USD | 2,948,200 | 3.39% | 0.41% | 6 months | 2026-12-05 |
| 3 | HIM | 25,000,000 USD | 2,948,200 | 3.39% | 0.41% | 6 months | 2026-12-05 |
| 4 | CPE | 39,990,000 USD | 4,716,000 | 5.42% | 0.65% | 6 months | 2026-12-05 |
| 5 | UBS AM Singapore | 30,000,000 USD | 3,537,900 | 4.07% | 0.49% | 6 months | 2026-12-05 |
| 6 | 泰康人寿 | 30,000,000 USD | 3,537,900 | 4.07% | 0.49% | 6 months | 2026-12-05 |
| 7 | Eastspring Eastspring Singapore | 10,000,000 USD | 1,179,300 | 1.36% | 0.16% | 6 months | 2026-12-05 |
| 8 | Eastspring HK | 6,000,000 USD | 707,500 | 0.81% | 0.10% | 6 months | 2026-12-05 |
| 9 | Pinpoint | 30,000,000 USD | 3,537,900 | 4.07% | 0.49% | 6 months | 2026-12-05 |
| 10 | 工银理财 | 20,000,000 USD | 2,358,600 | 2.71% | 0.33% | 6 months | 2026-12-05 |
| 11 | MWAL | 20,000,000 USD | 2,358,600 | 2.71% | 0.33% | 6 months | 2026-12-05 |
| 12 | Millennium | 20,000,000 USD | 2,358,600 | 2.71% | 0.33% | 6 months | 2026-12-05 |
| 13 | 中邮理财 | 12,000,000 USD | 1,415,100 | 1.63% | 0.20% | 6 months | 2026-12-05 |
| 14 | 富国富国香港 | 3,800,000 USD | 448,100 | 0.52% | 0.06% | 6 months | 2026-12-05 |
| 15 | 富国基金 | 6,200,000 USD | 731,100 | 0.84% | 0.10% | 6 months | 2026-12-05 |
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman | JIN Xin | JIN Xin |
| Company Secretary | GE Xin, LAU Kwok Yin | GE Xin, LAU Kwok Yin |
| Executive Director | 金鑫 | JIN Xin |
| Independent Non-Executive Director | 蔡萌 | CAI Meng |
| Executive Director | 孙晓乐 | SUN Xiaole |
| Independent Non-Executive Director | 曲光杰 | QU Guangjie |
| Executive Director | 刘爱花 | LIU Aihua |
| Independent Non-Executive Director | 张玮 | ZHANG Wei |
| Executive Director | 李新 | LI Xin |
| Independent Non-Executive Director | 陆倩南 | LU Qiannan |
| Executive Director | 姜海涛 | JIANG Haitao |
Major Shareholders
| Major Shareholders & Holdings | Mr. Jin (beneficial owner of 7,745,625 A Shares, 1.21%; interest in controlled corporation Jinyin Energy holding 248,300,500 A Shares, 38.93%) |
|---|
AI
AI Analysis
AI interpretation
deepseek-v4-pro · AI-generated
Market Sentiment
大金重工（01081）认购反应热烈，超额倍数高达134.39倍，市场情绪高涨。由于触发回拨调整，最终中签率极低，甲尾仅期望获0.21手，反映出散户一手难求的激烈竞争。最终发售价定为66.4港元，料贴近招股价区间上限。（以上为AI基于历史数据生成的评论。过往模式不保证未来结果。不构成投资建议。）
Tier Analysis
甲尾与乙头档位呈现明显效率断层：甲尾申购700手仅期望获0.21手，而乙头仅需多申购100手（800手）即可稳获1手，资金效率骤升近5倍。这种“一步之遥”的巨大差异提示甲尾档位的性价比极低，大户资金更宜直接跨越至乙组。（以上为AI基于历史数据生成的评论。过往模式不保证未来结果。不构成投资建议。券商手续费结构各异，实际成本可能不同。）
Demographics
申购人群以内地投资者为主，占比高达76.7%，显示内地资金对此新能源标的的认可度较高。性别分布上男性占59.5%，平均年龄41.3岁，整体画像偏向中年男性投资者，与典型港股打新群体特征一致。（以上为AI基于历史数据生成的评论。过往模式不保证未来结果。不构成投资建议。）
