旺山旺水-B 02630中签预测

旺山旺水-B(02630)中签预测
发售机制: 机制B | 最低申购: HK$6,674  |  公开发售手数: 甲组 4,399手 / 乙组 4,400手  |  招股价: HK$33.37  |  每手: 200股  |  公开发售募资: HK$5872万
1x17028.0x
近期首日表现
-0.2%
→
参与人数
21,794
→
人均手数
108.1
→
认购倍数
268x
268x = 21,794 × 108.1 ÷ 8,799 孖展加权 100% → 5609.6x
孖展动态 · 2025-11-03 20:28 孖展倍数4674.68x 孖展资金2797.0亿 捷利预测倍数5609.62x
排名 券商 孖展资金
1 富途证券富途 1921.9亿
2 辉立证券辉立 430.0亿
3 老虎国际老虎 285.3亿
4 华泰国际华泰 69.7亿
5 华盛证券华盛 48.5亿
6 盈立证券盈立 13.7亿
7 长桥证券长桥 11.0亿
8 卓锐证券 7.3亿
10 第一上海 4.0亿
11 TradeGo MarketsTradeGo 3.4亿
12 艾德证券艾德 8947万
13 盈宝证券盈宝 6840万
14 FunderstoneFunderstone 4220万
15 信诚证券信诚 2000万
孖展倍数
时间倍数
2025-10-28T06:00:00+08:000
2025-10-28T10:21:44+08:000.010195554069864617
2025-10-28T10:22:19+08:000.2064181848570951
2025-10-28T10:22:30+08:000.6409827845562427
2025-10-28T11:06:44+08:000.6732408490723717
2025-10-28T11:07:13+08:001.124185191375564
2025-10-28T11:08:03+08:001.7385926792578974
2025-10-28T11:08:30+08:005.850242353334448
2025-10-28T12:04:26+08:005.88885174661541
2025-10-28T12:05:25+08:006.768510780544877
2025-10-28T12:06:06+08:007.076215945178005
2025-10-28T12:06:38+08:0011.33829182684272
2025-10-28T13:40:36+08:0011.480695303359518
2025-10-28T13:41:29+08:0011.914758482366706
2025-10-28T13:41:52+08:0012.881497576466655
2025-10-28T13:42:25+08:0018.112986795921778
2025-10-28T13:46:31+08:0018.245027578138057
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2025-10-28T15:03:21+08:0022.109811131539363
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2025-10-28T16:01:26+08:0027.366538525823167
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2025-10-28T17:10:49+08:0031.880996155774696
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2025-10-28T17:13:11+08:0031.893364532843055
2025-10-28T17:13:54+08:0034.36703994651513
2025-10-28T18:02:43+08:0034.37857262243022
2025-10-28T18:03:51+08:0035.06301186695638
2025-10-28T18:05:17+08:0035.57947517967575
2025-10-28T18:07:00+08:0038.92227979274612
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2025-10-29T11:09:55+08:0071.2426876149089
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2025-10-29T13:43:38+08:0075.16229316396456
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捷利预测倍数
时间倍数
券商孖展资金走势
时间券商孖展资金
甲组 α=
分配手法系数 α
Allocation Strategy Coefficient
反映发行人对不同申购规模的分配偏好。
α → 0  人均分配 — 每人获配相同股数,与申购手数无关。
α → 1  按申购量比例分配 — 申购手数越多,获配越多。
历史 α 区间(P10–P90):甲组 0.3 – 0.9,乙组 0.4 – 1.0
0.50
乙组 α=
分配手法系数 α
Allocation Strategy Coefficient
反映发行人对不同申购规模的分配偏好。
α → 0  人均分配 — 每人获配相同股数,与申购手数无关。
α → 1  按申购量比例分配 — 申购手数越多,获配越多。
历史 α 区间(P10–P90):甲组 0.3 – 0.9,乙组 0.4 – 1.0
0.60
此模型不适用分配手法调节

实际 vs 预测 对比

以实际认购倍数 6238.42x 和当前分配手法 (甲组 α=0.499, 乙组 α=0.599) 为基准,对比各档位的实际与预测期望中签手数

申购手数 认购金额(HKD) 实际期望中签 预测期望中签 偏差

Logo旺山旺水-B中签预测矩阵

行为申购档位,列为不同认购倍数,数值为期望中签手数,绿色背景表示稳中(≥1手)

甲组

认购倍数
5609.6x
分配手法
α=
分配手法系数 α
Allocation Strategy Coefficient
反映发行人对不同申购规模的分配偏好。
α → 0  人均分配 — 每人获配相同股数,与申购手数无关。
α → 1  按申购量比例分配 — 申购手数越多,获配越多。
历史 α 区间(P10–P90):甲组 0.3 – 0.9,乙组 0.4 – 1.0
0.50

乙组

认购倍数
5609.6x
分配手法
α=
分配手法系数 α
Allocation Strategy Coefficient
反映发行人对不同申购规模的分配偏好。
α → 0  人均分配 — 每人获配相同股数,与申购手数无关。
α → 1  按申购量比例分配 — 申购手数越多,获配越多。
历史 α 区间(P10–P90):甲组 0.3 – 0.9,乙组 0.4 – 1.0
0.60
发售机制说明

机制B

《第18项应用指引》下的灵活发售机制。最低初订分配份额为发售股份的10%,不设回补机制。最高初订分配份额为发售股份的60%(因《第18项应用指引》规定发售股份总数至少40%须分配予配售部分投资者,基石投资者除外)。发行人可根据发售结构、市场状况及散户投资者利益,自行厘定公开认购部分的初订分配份额。

分配手法系数 α

α 为发行人分配偏好系数,描述发行人对不同申购规模的分配倾向。α 取值范围 [0, 1]。

  • α → 0:人均分配——无论申购多少手,每位中签者获配股数相同。对散户(小单申购)更有利。
  • α → 1:比例分配——获配股数与申购手数成正比。对大额申购更有利。
  • 历史实际 α 区间(P10–P90):甲组 0.3–0.9,乙组 0.4–1.0。不同IPO的α值差异较大,反映发行人各自的分配策略。
中签率定义

本页面的「中签率」定义与港交所配发结果公告完全一致:中签率 = 该档位获配股份总数 ÷ 该档位有效申请股份总数 × 100%。此为港交所官方口径,与其他网站可能使用的不同定义(如「申购人数中签比例」)有本质区别。

期望中签手数

期望中签手数 = 该档位获配总股数 ÷ 每手股数 ÷ 该档位申购人数

例:某档位获配总股数 50,000 股,每手 100 股,申购人数 500 人 → 期望中签手数 = 50,000 ÷ 100 ÷ 500 = 1.0 手。

// 关于本页 //

本页展示 旺山旺水-B(02630)的中签预测:基于相似 IPO 匹配的期望中签率、甲乙组资金效率对比。
默认认购倍数按「近期首日表现 → 参与人数 → 人均手数 → 认购倍数」链条推导,公式为 认购倍数 = 参与人数 × 人均手数 ÷ 公开发售手数;其中参与人数与人均手数以近期 IPO 的中位数为基准,再按发行规模、A+H 身份、H 股折溢价、行业、并发 IPO、保荐人历史表现与恒指近期走势等特征调节。
认购窗口前期默认倍数以模型推导为准;随认购进度推进逐步结合孖展倍数加权;临近截止(进度约九成后)默认倍数以孖展倍数预测为准。
中签率预测基于历史 356 只 IPO 的 10897 条配发档位数据做回归拟合与 KNN 相似匹配,估计各申购档位的期望中签手数,并结合分配手法系数 α(人均分配至比例分配)给出区间。
数据来源:港交所披露易平台公开发售配发结果公告、招股说明书、FINI 平台公告;孖展数据(孖展倍数、捷利预测倍数及券商明细)来自捷利交易宝(TradeGo),倍数仅覆盖已上报券商,捷利预测倍数为全市场外推值。
孖展倍数盘中实时更新;中签率预测模型随新股配发数据入库不定期迭代。

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数据来源:本页面数据来源于港交所披露易等机构公开披露的文件。相关机构不对该等数据的准确性、及时性或完整性作任何保证,亦不对基于该数据所作的分析结论背书。

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Cibo — 港股IPO中签率预测、中签画像与入通分析