IPO Timeline Raw facts
Broker Deadline
2026-05-06
Morning deadline
HKEX Deadline
2026-05-06
Noon deadline
Broker Results (T-2)
2026-05-07
Some brokers release in afternoon
Grey Market (T-1)
2026-05-08
Afternoon
HKEX Allotment (T-1)
2026-05-08
Evening
Registrar Allotment (T-1)
2026-05-08
Evening
Listing Day (T)
2026-05-11
First day of trading
Company Overview
| Stock Name | Ldrobot |
|---|---|
| Stock Code | 01236 |
| Company Full Name | Shenzhen Ldrobot Co., Ltd |
| Industry | Robotics |
| Principal Activities | company offering visual perception products and robot lawn mowers |
| Listing Date | 2026-05-11 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | Headquarters and Principal Place of 7/F and 16/F, Tower A, Building 6 Business in the PRC International Innovation Valley Xili Subdistrict, Nanshan District, Shenzhen Guangdong Province PRC |
| Business Address (Hong Kong) | Room 1916, 19/F Lee Garden One 33 Hysan Avenue Causeway Bay Hong Kong |
| Place of Incorporation | PRC |
| Listing Method | Global Offering |
| Listing Board | Main Board |
| Website | https://www.ldrobot.com/ |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2980 1333 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 26.36 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | To be extracted |
| Offer Period | To be extracted |
| Global Offering Shares | 33,333,400 shares |
| HK Public Offer Shares (Initial) | 3,333,400 shares (10.0%) |
| Public Offer Lots (Initial) | To be extracted |
| International Placing Shares (Initial) | 30,000,000 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | To be extracted |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 30.8% |
| Clawback Tiers | Mechanism B: no clawback |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 87,868,424 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 200 | HK$ 5,272 |
| 2 lots | 400 | HK$ 10,544 |
| 3 lots | 600 | HK$ 15,816 |
| 4 lots | 800 | HK$ 21,088 |
| 5 lots | 1,000 | HK$ 26,360 |
| 6 lots | 1,200 | HK$ 31,632 |
| 7 lots | 1,400 | HK$ 36,904 |
| 8 lots | 1,600 | HK$ 42,176 |
| 9 lots | 1,800 | HK$ 47,448 |
| 10 lots | 2,000 | HK$ 52,720 |
| 15 lots | 3,000 | HK$ 79,080 |
| 20 lots | 4,000 | HK$ 105,440 |
| 25 lots | 5,000 | HK$ 131,800 |
| 30 lots | 6,000 | HK$ 158,160 |
| 35 lots | 7,000 | HK$ 184,520 |
| 40 lots | 8,000 | HK$ 210,880 |
| 45 lots | 9,000 | HK$ 237,240 |
| 50 lots | 10,000 | HK$ 263,600 |
| 100 lots | 20,000 | HK$ 527,200 |
| 150 lots | 30,000 | HK$ 790,800 |
| 200 lots | 40,000 | HK$ 1,054,400 |
| 250 lots | 50,000 | HK$ 1,318,000 |
| 300 lots | 60,000 | HK$ 1,581,600 |
| 350 lots | 70,000 | HK$ 1,845,200 |
| 400 lots | 80,000 | HK$ 2,108,800 |
| 450 lots | 90,000 | HK$ 2,372,400 |
| 500 lots | 100,000 | HK$ 2,636,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,000 lots | 200,000 | HK$ 5,272,000 |
| 1,500 lots | 300,000 | HK$ 7,908,000 |
| 2,000 lots | 400,000 | HK$ 10,544,000 |
| 2,500 lots | 500,000 | HK$ 13,180,000 |
| 3,000 lots | 600,000 | HK$ 15,816,000 |
| 3,500 lots | 700,000 | HK$ 18,452,000 |
| 4,000 lots | 800,000 | HK$ 21,088,000 |
| 4,500 lots | 900,000 | HK$ 23,724,000 |
| 5,000 lots | 1,000,000 | HK$ 26,360,000 |
| 6,000 lots | 1,200,000 | HK$ 31,632,000 |
| 7,000 lots | 1,400,000 | HK$ 36,904,000 |
| 8,333 lots | 1,666,600 | HK$ 43,931,576 |
Stock Connect Inclusion
| HK Market Cap | HK$ 13.41B |
|---|
| 26Q2 Regular Review | |
| Inclusion Pathway | Small Cap Regular Path |
|---|---|
| Est. Threshold | HK$ 10.47B Met |
| Analysis Result | 预计2026年9月7日入通 |
Valuation & Financials
| Market Cap (at Offer Price) | To be extracted |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not applicable (loss-making) |
| Profit/Loss Status | Net loss RMB68.5 million |
| Period-End Cash Balance | RMB 119.38 million |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | HK$ 60.0 |
|---|---|
| First Day Open | HK$ 53.5 |
| First Day Change | 127.62% |
| First Day Volume | 14659200.0 |
| First Day Turnover | 891538000.0 |
Use of Proceeds
| Use of Proceeds | 1、約45.0%（或372.2百萬港元）將用于加強智能機器人視覺感知技術的研發，以實現人工智能功能算法結構的升級，優化公司智能機器人視覺感知產品及智能機器人產品； 2、約10.0%（或82.7百萬港元）將分配用于品牌建設與國際拓展，以擴大海外客戶群； 3、約30.0%（或248.1百萬港元）將分配用于優化生產能力及產能擴充，支持大規模出貨量； 4、約5.0%（或41.4百萬港元）將分配用于探索潛在投資及收購機會； 5、約10.0%（或82.7百萬港元）將用作營運資金及一般公司用途。 |
|---|
Underwriting Syndicate
Joint Sponsors (2)
Sponsor cum Overall Coordinator (1)
HAITONG INTERNATIONAL SECURITIES COMPANY LIMITED CE AAF806
Overall Coordinators (3)
Joint Global Coordinators (3)
Joint Bookrunners (9)
HAITONG INTERNATIONAL SECURITIES COMPANY LIMITED CE AAF806
GUOTAI JUNAN SECURITIES (HONG KONG) LIMITED CE ABY236
China International Capital Corporation Hong Kong Securities Limited CE AEN894
SDIC SECURITIES CORPORATE FINANCE (HONG KONG) LIMITED CE ADS612
Futu Securities International (Hong Kong) Limited CE AZT137
Orient Securities (Hong Kong) Limited CE AVD362
CMBC SECURITIES COMPANY LIMITED CE APU820
Yuet Sheung International Securities Limited CE BEZ371
Goldbridge Securities Limited CE ABX568
Joint Lead Managers (9)
HAITONG INTERNATIONAL SECURITIES COMPANY LIMITED CE AAF806
GUOTAI JUNAN SECURITIES (HONG KONG) LIMITED CE ABY236
China International Capital Corporation Hong Kong Securities Limited CE AEN894
SDIC SECURITIES CORPORATE FINANCE (HONG KONG) LIMITED CE ADS612
Futu Securities International (Hong Kong) Limited CE AZT137
Orient Securities (Hong Kong) Limited CE AVD362
CMBC SECURITIES COMPANY LIMITED CE APU820
Yuet Sheung International Securities Limited CE BEZ371
Goldbridge Securities Limited CE ABX568
Capital Market Intermediaries (9)
HAITONG INTERNATIONAL SECURITIES COMPANY LIMITED CE AAF806
GUOTAI JUNAN SECURITIES (HONG KONG) LIMITED CE ABY236
China International Capital Corporation Hong Kong Securities Limited CE AEN894
SDIC SECURITIES CORPORATE FINANCE (HONG KONG) LIMITED CE ADS612
Futu Securities International (Hong Kong) Limited CE AZT137
Orient Securities (Hong Kong) Limited CE AVD362
CMBC SECURITIES COMPANY LIMITED CE APU820
Yuet Sheung International Securities Limited CE BEZ371
Goldbridge Securities Limited CE ABX568
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
Linklaters Zhong Lun Law Firm King & Wood |
| Legal Advisor to Sponsors/Underwriters |
Jones Day Jingtian & Gongcheng |
| Auditor and Reporting Accountant | Ernst & Young |
| Industry Advisor | China Insights Industry Consultancy Limited |
| Receiving Banks | CMB Wing Lung Bank Limited |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | KCH Vision Investment Limited | 277,000,000 HKD | 10,259,200 | 30.78% | 3.08% | 6 months | 2026-11-11 |
Directors & Management
| Chairman | ZHOU Wei |
|---|---|
| Company Secretary | TANG Yanli; SIOW Grace Yuet Chew |
Executive Director (3)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 周伟 | ZHOU Wei | Executive Director |
| 2 | 郭盖华 | GUO Gaihua | Executive Director |
| 3 | 张军 | ZHANG Jun | Executive Director |
Non-Executive Director (1)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 黄喜 | HUANG Xi | Non-Executive Director |
Independent Non-Executive Director (3)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 程浩 | CHENG Hao | Independent Non-Executive Director |
| 2 | 闫红玉 | YAN Hongyu | Independent Non-Executive Director |
| 3 | 康锦里 | HONG Kam Le | Independent Non-Executive Director |
Major Shareholders
| Major Shareholders & Holdings | Controlling shareholders group (Mr. Zhou, Photon Space, Ms. Wang, Mr. Guo): 35.65%; Tibet Wanqing and Mr. Huang Tao: 13.41%; Huaye Tiancheng group (Huaye Tiancheng, Mr. Sun Yelin, Mr. Yang Huajun): 12.18%; Hunan Huaye and Shenzhen Huaye: 10.57%. |
|---|
AI
AI 市场洞察
AI interpretation
deepseek-v4-pro · AI-generated
市场情绪
The IPO saw extraordinary oversubscription of 6,707.66 times, indicating intense market enthusiasm for this robotics firm. The overall hit rate was just 5.62%, meaning the vast majority of applications received no allocation. This level of demand typically reflects buoyant sentiment and a rush for exposure to the robotics sector. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
申购档位分析
A notable inefficiency emerged between the 甲尾 (last A-tier) and 乙头 (first B-tier): expected lots were 0.1066 versus 0.1 respectively, a negligible difference. Given that B-head required double the capital (200,000 shares vs 100,000 shares), applicants would have achieved similar allocation with half the commitment by stopping at A-tail, making B-head highly cost-ineffective after factoring in margin financing costs. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
申购人群画像
Mainland China investors accounted for 58.3% of successful applicants, underscoring strong cross-border demand for Hong Kong-listed robotics stocks. The gender split skewed male at 61.5%, with an average age of 42.7 years, aligning with a tech-savvy, middle-aged investor base. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
