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
Company Overview
| Stock Name | Rokae Robotics |
|---|---|
| Stock Code | 03752 |
| Company Full Name | Rokae (Shandong) Robotics Group Inc. |
| Industry | 機器人科技 |
| Principal Activities | Primarily manufactures and sells robotics products, while also providing related robotics solutions in Mainland China and overseas markets, covering industrial robots, flexible collaborative robots, embodied intelligent robots and related robotics solutions, and is committed to designing, developing, manufacturing and commercializing products and solutions for application in fields such as manufacturing, commercial services and healthcare. |
| 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) | 山東省濟寧市鄒城市中心店鎮中心機電產業園華潤路888號 |
| Business Address (Hong Kong) | 香港銅鑼灣希慎道33號利園一期19樓1915室 |
| Place of Incorporation | China |
| Listing Method | Global Offering |
| Listing Board | Main Board |
| Website | rokae.com |
| 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 | No |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 38.00 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 100 shares |
| Entry Threshold | HK$ 3,800 |
| Par Value | RMB 0.1 / shares |
| Offer Period | 2026-06-30 to 2026-07-06 |
| Global Offering Shares | 23,031,900 shares |
| HK Public Offer Shares (Initial) | 2,303,200 shares (10.0%) |
| Public Offer Lots (Initial) | 23,032lots (Pool A11,516lots，Pool B11,516lots) |
| International Placing Shares (Initial) | 20,728,700 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 261,726,190 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | China International Capital Corporation Hong Kong Securities Limited CE AEN894 |
| Cornerstone Share | 31.4% |
| Clawback Tiers | Mechanism B: no clawback mechanism |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 875,212,200 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 3,800 |
| 2 lots | 200 | HK$ 7,600 |
| 3 lots | 300 | HK$ 11,400 |
| 4 lots | 400 | HK$ 15,200 |
| 5 lots | 500 | HK$ 19,000 |
| 6 lots | 600 | HK$ 22,800 |
| 7 lots | 700 | HK$ 26,600 |
| 8 lots | 800 | HK$ 30,400 |
| 9 lots | 900 | HK$ 34,200 |
| 10 lots | 1,000 | HK$ 38,000 |
| 15 lots | 1,500 | HK$ 57,000 |
| 20 lots | 2,000 | HK$ 76,000 |
| 25 lots | 2,500 | HK$ 95,000 |
| 30 lots | 3,000 | HK$ 114,000 |
| 35 lots | 3,500 | HK$ 133,000 |
| 40 lots | 4,000 | HK$ 152,000 |
| 45 lots | 4,500 | HK$ 171,000 |
| 50 lots | 5,000 | HK$ 190,000 |
| 60 lots | 6,000 | HK$ 228,000 |
| 70 lots | 7,000 | HK$ 266,000 |
| 80 lots | 8,000 | HK$ 304,000 |
| 90 lots | 9,000 | HK$ 342,000 |
| 100 lots | 10,000 | HK$ 380,000 |
| 200 lots | 20,000 | HK$ 760,000 |
| 300 lots | 30,000 | HK$ 1,140,000 |
| 400 lots | 40,000 | HK$ 1,520,000 |
| 500 lots | 50,000 | HK$ 1,900,000 |
| 600 lots | 60,000 | HK$ 2,280,000 |
| 700 lots | 70,000 | HK$ 2,660,000 |
| 800 lots | 80,000 | HK$ 3,040,000 |
| 900 lots | 90,000 | HK$ 3,420,000 |
| 1,000 lots | 100,000 | HK$ 3,800,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 200,000 | HK$ 7,600,000 |
| 3,000 lots | 300,000 | HK$ 11,400,000 |
| 4,000 lots | 400,000 | HK$ 15,200,000 |
| 5,000 lots | 500,000 | HK$ 19,000,000 |
| 6,000 lots | 600,000 | HK$ 22,800,000 |
| 7,000 lots | 700,000 | HK$ 26,600,000 |
| 8,000 lots | 800,000 | HK$ 30,400,000 |
| 9,000 lots | 900,000 | HK$ 34,200,000 |
| 10,000 lots | 1,000,000 | HK$ 38,000,000 |
| 11,516 lots | 1,151,600 | HK$ 43,760,800 |
Stock Connect Inclusion Analysis
| 26Q4 Regular Review | |
| Inclusion Pathway | Regular Path |
|---|---|
| HK Market Cap | HK$ 11.13B |
| Est. Threshold | HK$ 9.44B |
| Analysis Result | HK market cap met, expected inclusion ~2027-03-08 |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 9,945,595,220 |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not applicable (loss-making) |
| Profit/Loss Status | Net loss RMB 179.3 million |
| Period-End Cash Balance | RMB 14.8 million |
| Listing Expenses | ~HK$ 64,700,000 |
| Listing Expenses / Funds Raised | ~7.4% |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | Loading... |
|---|---|
| Use of Proceeds | Approximately 35.0% will be used to enhance research and development capabilities and enrich the product range, approximately 25.0% will be used to develop overseas sales networks, approximately 22.0% will be used to improve production efficiency and capacity, approximately 8.0% will be used for strategic investments, and approximately 10.0% will be used for working capital and other general corporate purposes. |
Underwriting Syndicate
Joint Sponsors (2)
Sponsor cum Overall Coordinator (2)
Overall Coordinators (2)
Joint Global Coordinators (3)
Joint Bookrunners (5)
Joint Lead Managers (5)
Capital Market Intermediaries (5)
Stabilizing Manager (1)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
贝克•麦坚时律师事务所 上海市锦天城（北京）律师事务所 金杜律师事务所 |
| Legal Advisor to Sponsors/Underwriters |
海问律师事务所有限法律责任合伙 海问律师事务所 |
| Auditor and Reporting Accountant | 德勤•关黄陈方会计师行 |
| Industry Advisor | 灼识企业管理咨询（上海）有限公司 |
| Receiving Banks | 招商永隆银行有限公司 |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 广发基金 | 5 USD | 1,031,000 | 4.48% | 0.39% | 6 months | 2027-01-09 |
| 2 | 华泰资本 | 6 USD | 1,237,200 | 5.37% | 0.47% | 6 months | 2027-01-09 |
| 3 | 金融街资本 | 100 CNY | 3,026,600 | 13.14% | 1.16% | 6 months | 2027-01-09 |
| 4 | Yishao Capital | 2 USD | 309,300 | 1.34% | 0.12% | 6 months | 2027-01-09 |
| 5 | All View Fund | 8 USD | 1,629,000 | 7.07% | 0.62% | 6 months | 2027-01-09 |
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman / Executive Director | 庹華 | Tuo Hua |
| Company Secretary / Executive Director | 唐聖添 | Tang Shengtian Executive Director |
| Non-Executive Director | 喻世華 | Yu Shihua Director |
| Independent Non-Executive Director | 章培林 | Zhang Peilin Independent |
| Independent Non-Executive Director | 章睿 | Zhang Rui Independent |
| Executive Director | 王皓 | Wang Hao |
| Independent Non-Executive Director | 陳曼麗 | Chan Maria |
| Executive Director | 宋斌 | Song Bin |
| Executive Director | 張雷 | Zhang Lei Executive Director |
Major Shareholders
| Major Shareholders & Holdings | Mr. Tuo (Chairman of the Board) directly and indirectly holds approximately 35.36% of the total issued share capital of the Company, controlled through himself, 鄒城珞石兄弟, 鄒城如珞兄弟 and voting proxy agreements. Other major shareholders include the National Manufacturing Transformation and Upgrading Fund (8.82%), 潘曉峰 (7.94%), 南方希望 (6.34%), 華皓睿信 (5.99%), 金色成長叁 (5.88%), Xiang He Fund II, L.P. (5.36%), etc. |
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