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 | Senasic |
|---|---|
| Stock Code | 06675 |
| Company Full Name | SENASIC Electronics Technology Co., Ltd. |
| Industry | Semiconductors |
| Principal Activities | We are a top global provider of wireless sensor SoCs, offering sensor SoCs for intelligent tire sensing (TPMS), battery monitoring (BMS/BPS/wBMS), universal sensor interface (USI), and other applications. Our products serve automotive, energy storage, industrial, robotics, and consumer electronics sectors. |
| Listing Date | 2026-06-17 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | Room 215, P4 Comprehensive Building, No. 20 Xishi Road, Wangzhuang Subdistrict Xinwu District, Wuxi, Jiangsu Province, PRC |
| Business Address (Hong Kong) | Room 1912, 19/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong |
| Place of Incorporation | China |
| Listing Method | Global Offering |
| Listing Board | Main Board |
| Website | senasic.com |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | 卓佳證券登記有限公司，香港夏慤道16號遠東金融中心17樓 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 18.36 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 200 shares |
| Entry Threshold | HK$ 3,672 |
| Par Value | RMB 0.05 / shares |
| Offer Period | 2026-06-09 to 2026-06-12 |
| Global Offering Shares | 53,407,000 shares |
| HK Public Offer Shares (Initial) | 5,340,800 shares (10.0%) |
| Public Offer Lots (Initial) | 26,704lots (Pool A13,352lots，Pool B13,352lots) |
| International Placing Shares (Initial) | 48,066,200 shares (90.0%) |
| Offer Ratio | ~14.1% |
| Total Shares Post-IPO | 379,041,820 shares |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 28.9% |
| Clawback Tiers | Below 15x: 10% public offer; 15-50x: 20% public offer; 50-100x: 30% public offer; above 100x: 40% public offer |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 980,552,520 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 200 | HK$ 3,672 |
| 2 lots | 400 | HK$ 7,344 |
| 3 lots | 600 | HK$ 11,016 |
| 4 lots | 800 | HK$ 14,688 |
| 5 lots | 1,000 | HK$ 18,360 |
| 6 lots | 1,200 | HK$ 22,032 |
| 7 lots | 1,400 | HK$ 25,704 |
| 8 lots | 1,600 | HK$ 29,376 |
| 9 lots | 1,800 | HK$ 33,048 |
| 10 lots | 2,000 | HK$ 36,720 |
| 15 lots | 3,000 | HK$ 55,080 |
| 20 lots | 4,000 | HK$ 73,440 |
| 25 lots | 5,000 | HK$ 91,800 |
| 30 lots | 6,000 | HK$ 110,160 |
| 35 lots | 7,000 | HK$ 128,520 |
| 40 lots | 8,000 | HK$ 146,880 |
| 45 lots | 9,000 | HK$ 165,240 |
| 50 lots | 10,000 | HK$ 183,600 |
| 100 lots | 20,000 | HK$ 367,200 |
| 150 lots | 30,000 | HK$ 550,800 |
| 200 lots | 40,000 | HK$ 734,400 |
| 250 lots | 50,000 | HK$ 918,000 |
| 300 lots | 60,000 | HK$ 1,101,600 |
| 350 lots | 70,000 | HK$ 1,285,200 |
| 400 lots | 80,000 | HK$ 1,468,800 |
| 450 lots | 90,000 | HK$ 1,652,400 |
| 500 lots | 100,000 | HK$ 1,836,000 |
| 1,000 lots | 200,000 | HK$ 3,672,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,500 lots | 300,000 | HK$ 5,508,000 |
| 2,000 lots | 400,000 | HK$ 7,344,000 |
| 2,500 lots | 500,000 | HK$ 9,180,000 |
| 3,000 lots | 600,000 | HK$ 11,016,000 |
| 3,500 lots | 700,000 | HK$ 12,852,000 |
| 4,000 lots | 800,000 | HK$ 14,688,000 |
| 4,500 lots | 900,000 | HK$ 16,524,000 |
| 5,000 lots | 1,000,000 | HK$ 18,360,000 |
| 7,500 lots | 1,500,000 | HK$ 27,540,000 |
| 10,000 lots | 2,000,000 | HK$ 36,720,000 |
| 13,352 lots | 2,670,400 | HK$ 49,028,544 |
Stock Connect Inclusion Analysis
| HK Market Cap | HK$ 7.54B |
|---|---|
| Analysis Result | Already included in Stock Connect (both) |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 6,959,407,795 |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not applicable (loss-making) |
| Profit/Loss Status | Net loss RMB 330.6 million |
| Period-End Cash Balance | RMB 201.3 million |
| Listing Expenses | ~HK$ 73,852,520 |
| Listing Expenses / Funds Raised | ~7.5% |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | Loading... |
|---|---|
| Use of Proceeds | Approx. 40% for business expansion and commercialization, approx. 30% for R&D, approx. 10% for sales and global presence, approx. 10% for strategic investment/acquisition, approx. 10% for working capital |
Underwriting Syndicate
Joint Sponsors (2)
Sponsor cum Overall Coordinator (2)
Overall Coordinators (3)
Joint Global Coordinators (4)
Joint Bookrunners (10)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
国泰君安证券（香港）有限公司 CE ABY236
GF Securities (Hong Kong) Brokerage Limited CE AOB364
Daiwa Capital Markets Hong Kong Limited CE AAB639
ABCI CAPITAL LIMITED CE AWL249
Futu Securities International (HONG KONG) Limited CE AZT137
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
SPDB International Capital Limited CE BFZ375
CMBC SECURITIES COMPANY LIMITED CE APU820
SHANXI SECURITIES INTERNATIONAL LIMITED CE BEM330
Joint Lead Managers (10)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
国泰君安证券（香港）有限公司 CE ABY236
GF Securities (Hong Kong) Brokerage Limited CE AOB364
Daiwa Capital Markets Hong Kong Limited CE AAB639
ABCI Securities Company Limited CE ACX411
Futu Securities International (HONG KONG) Limited CE AZT137
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
SPDB International Capital Limited CE BFZ375
CMBC SECURITIES COMPANY LIMITED CE APU820
SHANXI SECURITIES INTERNATIONAL LIMITED CE BEM330
Capital Market Intermediaries (11)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
国泰君安证券（香港）有限公司 CE ABY236
GF Securities (Hong Kong) Brokerage Limited CE AOB364
Daiwa Capital Markets Hong Kong Limited CE AAB639
ABCI CAPITAL LIMITED CE AWL249
ABCI Securities Company Limited CE ACX411
Futu Securities International (HONG KONG) Limited CE AZT137
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
SPDB International Capital Limited CE BFZ375
CMBC SECURITIES COMPANY LIMITED CE APU820
SHANXI SECURITIES INTERNATIONAL LIMITED CE BEM330
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
贝克•麦坚时律师事务所 金杜律师事务所 DLA Piper Singapore Pte. Ltd. |
| Legal Advisor to Sponsors/Underwriters |
竞天公诚律师事务所有限法律责任合伙 Zhong Lun Law Firm |
| Auditor and Reporting Accountant | 毕马威会计师事务所 |
| Industry Advisor | 弗若斯特沙利文（北京）咨询有限公司上海分公司 |
| Compliance Advisor | 迈时资本有限公司 CE BNO600 |
| Receiving Banks |
招商永隆银行有限公司 交通银行股份有限公司香港分行 |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 欣旺达香港 | 40,000,000 HKD | 2,156,800 | 4.04% | 0.57% | 6 months | 2026-12-17 |
| 2 | 隆威香港 | 23,509,645 HKD | 1,280,400 | 2.40% | 0.34% | 6 months | 2026-12-17 |
| 3 | Oakwise | 73,580,000 HKD | 4,007,600 | 7.50% | 1.06% | 6 months | 2026-12-17 |
| 4 | Tembusu | 15,673,097 HKD | 853,600 | 1.60% | 0.23% | 6 months | 2026-12-17 |
| 5 | 阎焱 | 15,673,097 HKD | 853,600 | 1.60% | 0.23% | 6 months | 2026-12-17 |
| 6 | 雾凇 | 15,673,097 HKD | 853,600 | 1.60% | 0.23% | 6 months | 2026-12-17 |
| 7 | Thalassa Capital | 49,300,000 HKD | 2,685,000 | 5.03% | 0.71% | 6 months | 2026-12-17 |
| 8 | Chample | 30,000,000 HKD | 1,633,800 | 3.06% | 0.43% | 6 months | 2026-12-17 |
| 9 | Libra Fixed Income One SP | 20,000,000 HKD | 1,089,200 | 2.04% | 0.29% | 6 months | 2026-12-17 |
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman | Li Mengxiong | Li Mengxiong |
| Company Secretary | Xu Yalei, Shum Kit Han | Xu Yalei, Shum Kit Han |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | Dr. Li Mengxiong (27.70%), Mr. Li (27.70%), Shanghai Chuangyingrui (7.82%), Shanghai Ruixinchuang (6.55%), Mixed Reform Fund (5.20%), Jingwei (5.16%), Hai Feng Investment (5.53%) |
|---|
AI
AI Analysis
AI interpretation
deepseek-v4-flash-ga-260731 · AI-generated
Market Sentiment
The IPO drew exceptional demand, with an oversubscription ratio of 5144.97 times and a hit rate of only 11.22%, reflecting intense subscription enthusiasm. The final offer price was HK$18.36, but the lower and upper price range is not provided in the source data, so pricing dynamics relative to any range cannot be assessed. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
At the tier boundary, the last A-tier (甲尾) expected lot count was 0.2082, while the first B-tier (乙头) expected lot count was 0.3, meaning B-head applicants had a higher expected allotment than A-tail applicants, so no A-tail-over-B-head inefficiency is present. The difference implies B-head applicants had roughly 44% more expected lots per applicant, based on the provided expected lot fields. Broker fee efficiency comparisons are not possible because fee structures are not included in the source data, and actual costs may differ. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Based on the demographic fields, mainland China participation was 63.8% of holders and Hong Kong participation was 35.1%, with gender split of 58.9% male and 41.1% female, and an average age of 42.7 years. Regional concentration beyond the mainland/Hong Kong split, such as a Guangdong share, is not provided in the source data. These figures describe the applicant population only and do not imply any assessment of wealth or purchasing power. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
