IPO Timeline Raw facts
Broker Deadline
2026-08-27
Morning deadline
HKEX Deadline
2026-08-27
Noon deadline
Broker Results (T-2)
2026-08-28
Some brokers release in afternoon
Grey Market (T-1)
2026-08-31
Afternoon
HKEX Allotment (T-1)
2026-08-31
Evening
Registrar Allotment (T-1)
2026-08-31
Evening
Listing Day (T)
2026-09-01
First day of trading
Company Overview
| Stock Name | Mech-Mind Robot |
|---|---|
| Stock Code | 09615 |
| Company Full Name | Mech-Mind Robotics Technologies Co., Ltd. |
| Industry | 機器人科技 |
| Principal Activities | An intelligent robot component supplier, providing intelligent robot guidance products (including industrial-grade 3D cameras and related software), intelligent inspection and measurement products (including 3D measurement instruments and related software), and next-generation cornerstone components (such as multimodal large models and dexterous robotic hands), utilizing 3D vision and AI algorithms to enable robots to have perception, decision-making, and planning capabilities. |
| Listing Date | 2026-09-01 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | 18C特專科技 |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國河北省雄安新區起步區易寧大街164號創智園北區3單元210室 |
| Business Address (Hong Kong) | 香港銅鑼灣希慎道33號利園一期19樓1919室 |
| Place of Incorporation | China |
| Listing Method | Global Offering |
| Listing Board | Main Board |
| Website | mech-mind.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 | 18C |
|---|---|
| Offer Price | To be extracted |
| Offer Price Range | HK$ 95.30 - 101.70 |
| Lot Size | 30 shares |
| Entry Threshold | HK$ 3,051 |
| Par Value | RMB 0.05 / shares |
| Offer Period | 2026-08-24 to 2026-08-27 |
| Global Offering Shares | 23,140,590 shares |
| HK Public Offer Shares (Initial) | 1,157,040 shares (5.0%) |
| Public Offer Lots (Initial) | 38,568lots (19,284lots, 19,284lots) |
| International Placing Shares (Initial) | 21,983,550 shares (95.0%) |
| Offer Ratio | ~5.0% |
| Total Shares Post-IPO | 125,011,050 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | CLSA Limited CE AAB893 |
| Cornerstone Share | 58.9% |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 2,353,398,003 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2 lots | 60 | HK$ 6,102 |
| 3 lots | 90 | HK$ 9,153 |
| 4 lots | 120 | HK$ 12,204 |
| 5 lots | 150 | HK$ 15,255 |
| 6 lots | 180 | HK$ 18,306 |
| 7 lots | 210 | HK$ 21,357 |
| 8 lots | 240 | HK$ 24,408 |
| 9 lots | 270 | HK$ 27,459 |
| 10 lots | 300 | HK$ 30,510 |
| 15 lots | 450 | HK$ 45,765 |
| 20 lots | 600 | HK$ 61,020 |
| 25 lots | 750 | HK$ 76,275 |
| 30 lots | 900 | HK$ 91,530 |
| 35 lots | 1,050 | HK$ 106,785 |
| 40 lots | 1,200 | HK$ 122,040 |
| 45 lots | 1,350 | HK$ 137,295 |
| 50 lots | 1,500 | HK$ 152,550 |
| 100 lots | 3,000 | HK$ 305,100 |
| 150 lots | 4,500 | HK$ 457,650 |
| 200 lots | 6,000 | HK$ 610,200 |
| 250 lots | 7,500 | HK$ 762,750 |
| 300 lots | 9,000 | HK$ 915,300 |
| 350 lots | 10,500 | HK$ 1,067,850 |
| 400 lots | 12,000 | HK$ 1,220,400 |
| 450 lots | 13,500 | HK$ 1,372,950 |
| 500 lots | 15,000 | HK$ 1,525,500 |
| 1,000 lots | 30,000 | HK$ 3,051,000 |
| 1,500 lots | 45,000 | HK$ 4,576,500 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 60,000 | HK$ 6,102,000 |
| 2,500 lots | 75,000 | HK$ 7,627,500 |
| 3,000 lots | 90,000 | HK$ 9,153,000 |
| 3,500 lots | 105,000 | HK$ 10,678,500 |
| 4,000 lots | 120,000 | HK$ 12,204,000 |
| 4,500 lots | 135,000 | HK$ 13,729,500 |
| 5,000 lots | 150,000 | HK$ 15,255,000 |
| 10,000 lots | 300,000 | HK$ 30,510,000 |
| 15,000 lots | 450,000 | HK$ 45,765,000 |
| 19,284 lots | 578,520 | HK$ 58,835,484 |
Stock Connect Inclusion
| HK Market Cap | HK$ 9B |
|---|
| 26Q3 Fast Review | |
| Inclusion Pathway | Quarterly Fast Inclusion |
|---|---|
| Est. Threshold | HK$ 19.28B Market cap gap 53% |
| Analysis Result | Market cap below threshold (gap 53%) |
| 26Q4 Regular Review | |
| Inclusion Pathway | Small Cap Regular Path |
|---|---|
| Est. Threshold | HK$ 9.56B Market cap gap 5% |
| Analysis Result | Market cap below threshold (gap 5%) |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 11,913,553,065 - 12,713,623,785 |
|---|---|
| H-Share Market Cap (at Offer Price) | HK$ 10,775,072,581 - 11,498,687,109 |
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not applicable (loss-making) |
| Profit/Loss Status | Net loss RMB 360.2 million |
| Period-End Cash Balance | RMB 351.95 million |
| Listing Expenses | ~HK$ 150,200,000 |
| Listing Expenses / Funds Raised | ~6.6% |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | Loading... |
|---|
Use of Proceeds
| Use of Proceeds | Approximately 31.8% will be used for product and technology research and development; approximately 25.2% will be used to enrich the product portfolio and broaden application scenarios; approximately 29.4% will be used to expand global influence and accelerate commercialization; approximately 5.0% will be used to expand production capacity and improve operational efficiency; and approximately 8.6% will be used for working capital and general corporate purposes. |
|---|
Underwriting Syndicate
Joint Sponsors (2)
Sponsor cum Overall Coordinator (1)
China Securities (International) Corporate Finance Company Limited CE BAU112
Overall Coordinators (4)
Joint Global Coordinators (4)
Joint Bookrunners (6)
Joint Lead Managers (4)
Capital Market Intermediaries (6)
Stabilizing Manager (1)
CLSA Limited CE AAB893
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
Davis Polk & Wardwell 礼丰律师事务所 Hogan Lovells Cadwalader International LLP (formerly Hogan Lovells) |
| Legal Advisor to Sponsors/Underwriters |
美迈斯律师事务所 通商律师事务所 |
| Auditor and Reporting Accountant | 毕马威会计师事务所 |
| Industry Advisor | 灼识行业咨询有限公司 |
| Compliance Advisor | GUOTAI JUNAN CAPITAL LIMITED CE AGS488 |
| Receiving Banks |
CMB Wing Lung Bank Limited China CITIC Bank International Limited |
| H Share Registrar | Tricor Investor Services Limited |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford.. | 60,000,000 USD | 4,779,870 | 20.66% | 17.96% | 6 months | 2027-03-01 |
| 2 | 泰康人壽 | 40,000,000 USD | 3,186,570 | 13.77% | 11.97% | 6 months | 2027-03-01 |
| 3 | Invus | 15,000,000 USD | 1,194,960 | 5.16% | 4.49% | 6 months | 2027-03-01 |
| 4 | Ghisallo | 15,000,000 USD | 1,194,960 | 5.16% | 4.49% | 6 months | 2027-03-01 |
| 5 | Ruihua | 15,000,000 USD | 1,194,960 | 5.16% | 4.49% | 6 months | 2027-03-01 |
| 6 | NGS Super Fund | 10,000,000 USD | 796,620 | 3.44% | 2.99% | 6 months | 2027-03-01 |
| 7 | 易方達 | 10,000,000 USD | 796,620 | 3.44% | 2.99% | 6 months | 2027-03-01 |
| 8 | Golden Link | 6,000,000 USD | 477,960 | 2.07% | 1.80% | 6 months | 2027-03-01 |
Directors & Management
| Chairman | 邵天蘭 |
|---|---|
| Company Secretary | 張玲 |
Executive Director (4)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 邵天蘭 | — | Executive Director |
| 2 | 付翱 | — | Executive Director |
| 3 | 丁有爽 | — | Executive Director |
| 4 | 楊培 | — | Executive Director |
Non-Executive Director (1)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 公元 | — | Non-Executive Director |
Independent Non-Executive Director (3)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 劉民 | — | Independent Non-Executive Director |
| 2 | 譚維佳 | — | Independent Non-Executive Director |
| 3 | 張秋生 | — | Independent Non-Executive Director |
Major Shareholders
| Major Shareholders & Holdings | The controlling shareholders are 邵天蘭, 付翱, 丁有爽 and 梅卡曼德管理 (persons acting in concert), representing approximately 19.11% in aggregate immediately after completion of the Global Offering; other major shareholders include 瀚辰 (11.11%), 北京酷讯科技 (6.94%), 启明融科 (6.02%), etc. |
|---|
