IPO Timeline Raw facts
Broker Deadline
2026-07-03
Morning deadline
HKEX Deadline
2026-07-03
Noon deadline
Broker Results (T-2)
2026-07-07
Some brokers release in afternoon
Grey Market (T-1)
2026-07-08
Afternoon
HKEX Allotment (T-1)
2026-07-08
Evening
Registrar Allotment (T-1)
2026-07-08
Evening
Listing Day (T)
2026-07-09
First day of trading
Company Overview
| Stock Name | Dke |
|---|---|
| Stock Code | 01770 |
| Company Full Name | DKE Holding Company Limited |
| Industry | Industrial Goods |
| Principal Activities | Primarily engaged in the development, production and sales of e-paper display modules. |
| Listing Date | 2026-07-09 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國 浙江省嘉興市 嘉善縣 西塘鎮 復興大道 16 號 2 幢 130 室 |
| Business Address (Hong Kong) | 香港 灣仔 皇后大道東 248 號 大新金融中心 40 樓 |
| Place of Incorporation | China |
| Listing Method | Global Offering |
| Listing Board | Main Board |
| Website | dke.com.cn |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | 香港中央證券登記有限公司，香港灣仔皇后大道東183號合和中心17樓1712-1716號舖 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | To be extracted |
| Offer Price Range | HK$ 78.64 - 101.11 |
| Lot Size | 50 shares |
| Entry Threshold | HK$ 5,056 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-06-29 to 2026-07-03 |
| Global Offering Shares | 5,118,600 shares |
| HK Public Offer Shares (Initial) | 511,900 shares (10.0%) |
| Public Offer Lots (Initial) | 10,238lots (5,119lots, 5,119lots) |
| International Placing Shares (Initial) | 4,606,700 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 51,185,739 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | CITIC Securities (Hong Kong) Limited CE AAK249 |
| Cornerstone Share | No cornerstone investors |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 517,541,646 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 50 | HK$ 5,056 |
| 2 lots | 100 | HK$ 10,111 |
| 3 lots | 150 | HK$ 15,166 |
| 4 lots | 200 | HK$ 20,222 |
| 5 lots | 250 | HK$ 25,278 |
| 6 lots | 300 | HK$ 30,333 |
| 7 lots | 350 | HK$ 35,388 |
| 8 lots | 400 | HK$ 40,444 |
| 9 lots | 450 | HK$ 45,500 |
| 10 lots | 500 | HK$ 50,555 |
| 12 lots | 600 | HK$ 60,666 |
| 14 lots | 700 | HK$ 70,777 |
| 16 lots | 800 | HK$ 80,888 |
| 18 lots | 900 | HK$ 90,999 |
| 20 lots | 1,000 | HK$ 101,110 |
| 30 lots | 1,500 | HK$ 151,665 |
| 40 lots | 2,000 | HK$ 202,220 |
| 50 lots | 2,500 | HK$ 252,775 |
| 60 lots | 3,000 | HK$ 303,330 |
| 70 lots | 3,500 | HK$ 353,885 |
| 80 lots | 4,000 | HK$ 404,440 |
| 90 lots | 4,500 | HK$ 454,995 |
| 100 lots | 5,000 | HK$ 505,550 |
| 120 lots | 6,000 | HK$ 606,660 |
| 140 lots | 7,000 | HK$ 707,770 |
| 160 lots | 8,000 | HK$ 808,880 |
| 180 lots | 9,000 | HK$ 909,990 |
| 200 lots | 10,000 | HK$ 1,011,100 |
| 400 lots | 20,000 | HK$ 2,022,200 |
| 600 lots | 30,000 | HK$ 3,033,300 |
| 800 lots | 40,000 | HK$ 4,044,400 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,000 lots | 50,000 | HK$ 5,055,500 |
| 1,200 lots | 60,000 | HK$ 6,066,600 |
| 1,400 lots | 70,000 | HK$ 7,077,700 |
| 1,600 lots | 80,000 | HK$ 8,088,800 |
| 1,800 lots | 90,000 | HK$ 9,099,900 |
| 2,000 lots | 100,000 | HK$ 10,111,000 |
| 3,000 lots | 150,000 | HK$ 15,166,500 |
| 4,000 lots | 200,000 | HK$ 20,222,000 |
| 5,119 lots | 255,950 | HK$ 25,879,104 |
Stock Connect Inclusion
| HK Market Cap | HK$ 4.04B |
|---|
| 26Q3 Fast Review | |
| Inclusion Pathway | Quarterly Fast Inclusion |
|---|---|
| Est. Threshold | HK$ 19.28B Market cap gap 79% |
| Analysis Result | Market cap below threshold (gap 79%) |
| 26Q4 Regular Review | |
| Inclusion Pathway | Small Cap Regular Path |
|---|---|
| Est. Threshold | HK$ 9.56B Market cap gap 57% |
| Analysis Result | Market cap below threshold (gap 57%) |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 4,025,246,514 - 5,175,390,070 |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not disclosed |
| Profit/Loss Status | Net profit RMB 80.2 million |
| Period-End Cash Balance | RMB 143.8 million |
| Listing Expenses | ~HK$ 49,500,000 |
| Listing Expenses / Funds Raised | ~10.8% |
| Total Pre-IPO Investment | RMB 0.97 million |
First Day Performance
| First Day Close | Loading... |
|---|
Use of Proceeds
| Use of Proceeds | Approximately 65% will be used for increasing production capacity and the intelligent upgrade of the production base, approximately 25% for enhancing R&D and technical capabilities, and approximately 10% for working capital and general corporate purposes. |
|---|
Underwriting Syndicate
Sole Sponsor (1)
CITIC Securities (Hong Kong) Limited CE AAK249(sole)
Sponsor cum Overall Coordinator (1)
CLSA Limited CE AAB893
Joint Bookrunners (5)
Joint Lead Managers (5)
Stabilizing Manager (1)
CITIC Securities (Hong Kong) Limited CE AAK249
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
Jingtian & Gongcheng King and Wood LLP |
| Legal Advisor to Sponsors/Underwriters |
的近律师行 北京市通商律师事务所 |
| Auditor and Reporting Accountant | 天健国际会计师事务所有限公司 |
| Industry Advisor | China Insights Industry Consultancy Limited |
| Compliance Advisor | RED SOLAR SECURITIES (INTERNATIONAL) LIMITED CE BJG062 |
| Receiving Banks |
CMB Wing Lung Bank Limited China CITIC Bank International Limited |
| H Share Registrar | 香港中央证券登记有限公司 |
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
| Chairman | 周愛軍 |
|---|---|
| Company Secretary | 陳丹丹、劉國賢 |
Executive Director (2)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 周愛軍 | — | Executive Director |
| 2 | 王文亮 | — | Executive Director |
Non-Executive Director (4)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 汪嘯 | — | Non-Executive Director |
| 2 | 王揚 | — | Non-Executive Director |
| 3 | 劉喻 | — | Non-Executive Director |
| 4 | 狄琛 | — | Non-Executive Director |
Independent Non-Executive Director (3)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 曾愛民 | — | Independent Non-Executive Director |
| 2 | 周國富 | — | Independent Non-Executive Director |
| 3 | 阮添士 | — | Independent Non-Executive Director |
Major Shareholders
| Major Shareholders & Holdings | Mr. 周愛軍 and Mr. 呂 are controlling shareholders, holding in aggregate approximately 33.11% of the shares; 紅榕投資 holds 13.63% of the shares. |
|---|
