华健未来-B 06132中籤預測

华健未来-B(06132)中籤預測
發售機制: 机制B | 最低申購: HK$8,180  |  公開發售手數: 甲組 6,800手 / 乙組 6,800手  |  招股價: HK$81.80  |  每手: 100股  |  公開發售募資: HK$1.11億
1x8988.0x
近期首日表現
+4.6%
→
參與人數
22,150
→
人均手數
57.4
→
認購倍數
94x
94x = 22,150 × 57.4 ÷ 13,600 孖展加權 100% → 1639.9x
孖展動態 · 2026-06-17 17:39 孖展倍數1271.26x 孖展資金1414.3億 捷利預測倍數1639.93x
排名 券商 孖展資金
1 富途证券富途 881.1億
2 辉立证券辉立 289.0億
3 老虎国际老虎 121.3億
4 华泰国际华泰 29.1億
5 信诚证券信诚 20.0億
6 盈立证券盈立 17.5億
7 致富证券致富 14.4億
8 复星国际复星 12.4億
9 华盛证券华盛 12.0億
孖展倍數
時間倍數
2026-06-12T06:00:00+08:000
2026-06-12T10:07:34+08:000.05240449438202247
2026-06-12T10:08:32+08:000.06373033707865168
2026-06-12T11:07:29+08:000.08692134831460674
2026-06-12T11:08:25+08:000.0997752808988764
2026-06-12T11:08:49+08:000.43235955056179776
2026-06-12T11:09:03+08:000.44134831460674157
2026-06-12T12:07:10+08:000.45932584269662924
2026-06-12T12:07:26+08:000.45510112359550564
2026-06-12T12:08:17+08:000.511191011235955
2026-06-12T12:08:34+08:001.1583820224719101
2026-06-12T13:39:58+08:001.162876404494382
2026-06-12T13:41:09+08:001.2015280898876404
2026-06-12T13:41:50+08:001.2824269662921348
2026-06-12T14:02:27+08:001.2962696629213484
2026-06-12T14:02:58+08:001.3050786516853932
2026-06-12T14:03:39+08:002.2468314606741573
2026-06-12T14:05:11+08:002.329887640449438
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2026-06-12T15:06:40+08:002.6657078651685393
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2026-06-12T15:07:31+08:002.7376179775280898
2026-06-12T15:10:04+08:002.7915505617977527
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2026-06-12T16:07:58+08:002.824808988764045
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2026-06-12T16:08:55+08:003.0298426966292133
2026-06-12T16:28:34+08:003.1826516853932585
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2026-06-12T17:05:50+08:003.31523595505618
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2026-06-12T17:16:10+08:007.912629213483146
2026-06-12T18:03:42+08:007.923685393258427
2026-06-12T18:05:15+08:007.932494382022472
2026-06-12T18:05:48+08:007.934651685393258
2026-06-12T18:06:05+08:007.945707865168539
2026-06-12T18:06:25+08:007.946337078651686
2026-06-12T18:07:23+08:008.539595505617978
2026-06-12T20:04:26+08:008.55352808988764
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2026-06-12T22:05:53+08:009.341213483146067
2026-06-13T10:10:04+08:009.341213483146067
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2026-06-13T10:13:32+08:0010.105258426966293
2026-06-13T10:14:14+08:0010.132224719101124
2026-06-13T12:57:08+08:0010.153977528089888
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2026-06-13T12:58:50+08:0010.154247191011235
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2026-06-13T13:02:31+08:0010.258966292134831
2026-06-13T13:03:24+08:0010.333213483146068
2026-06-13T13:06:21+08:0010.468044943820225
2026-06-13T15:25:41+08:0010.971415730337078
2026-06-13T15:26:05+08:0010.973393258426967
2026-06-13T15:26:20+08:0010.976719101123596
2026-06-13T15:26:35+08:0010.984988764044944
2026-06-13T15:26:58+08:0011.02876404494382
2026-06-13T15:27:27+08:0011.037752808988763
2026-06-13T18:27:48+08:0011.052494382022472
2026-06-13T18:28:21+08:0011.054022471910113
2026-06-13T18:28:51+08:0011.056
2026-06-13T18:29:29+08:0011.059595505617978
2026-06-13T18:30:47+08:0012.03038202247191
2026-06-13T18:31:04+08:0012.039370786516853
2026-06-13T20:09:42+08:0012.040359550561798
2026-06-13T20:10:46+08:0012.041078651685392
2026-06-13T20:10:57+08:0012.052224719101124
2026-06-13T20:11:17+08:0012.054651685393258
2026-06-13T20:11:32+08:0012.126561797752808
2026-06-13T22:33:21+08:0012.12808988764045
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2026-06-13T22:33:54+08:0012.181393258426967
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2026-06-14T09:39:21+08:0012.213752808988763
2026-06-14T09:41:27+08:0012.213932584269664
2026-06-14T09:41:32+08:0012.26247191011236
2026-06-14T09:41:37+08:0012.277303370786516
2026-06-14T09:42:25+08:0012.75370786516854
2026-06-14T09:42:30+08:0012.773752808988764
2026-06-14T09:42:36+08:0012.78247191011236
2026-06-14T09:42:41+08:0012.836404494382023
2026-06-14T12:39:50+08:0013.34229213483146
2026-06-14T12:39:54+08:0013.343730337078652
2026-06-14T12:42:51+08:0013.344898876404494
2026-06-14T12:42:56+08:0013.350202247191012
2026-06-14T12:43:00+08:0013.35038202247191
2026-06-14T12:45:21+08:0013.351101123595505
2026-06-14T12:45:25+08:0013.359820224719101
2026-06-14T12:45:29+08:0013.360269662921349
2026-06-14T12:46:30+08:0013.423191011235955
2026-06-14T12:46:35+08:0013.584988764044944
2026-06-14T12:46:39+08:0013.602966292134832
2026-06-14T12:51:16+08:0013.600269662921349
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2026-06-14T16:12:32+08:0013.641078651685394
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2026-06-14T16:24:47+08:0013.660314606741572
2026-06-14T16:24:51+08:0013.714247191011236
2026-06-14T16:24:55+08:0013.804134831460674
2026-06-14T16:27:50+08:0013.804494382022472
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2026-06-14T16:27:58+08:0013.809977528089888
2026-06-14T16:28:02+08:0013.810786516853932
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2026-06-14T16:28:41+08:0013.81276404494382
2026-06-14T16:28:47+08:0013.867235955056179
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2026-06-14T16:30:59+08:0013.869033707865169
2026-06-14T19:09:52+08:0014.066786516853933
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2026-06-15T12:14:12+08:0020.066606741573032
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2026-06-15T13:46:17+08:0020.13788764044944
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2026-06-15T13:49:31+08:0020.732494382022473
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捷利預測倍數
時間倍數
券商孖展資金走勢
時間券商孖展資金
甲組 α=
分配手法係數 α
Allocation Strategy Coefficient
反映發行人對不同申購規模的分配偏好。
α → 0  人均分配 — 每人獲配相同股數,與申購手數無關。
α → 1  按申購量比例分配 — 申購手數越多,獲配越多。
歷史 α 區間(P10–P90):甲組 0.3 – 0.9,乙組 0.4 – 1.0
0.49
乙組 α=
分配手法係數 α
Allocation Strategy Coefficient
反映發行人對不同申購規模的分配偏好。
α → 0  人均分配 — 每人獲配相同股數,與申購手數無關。
α → 1  按申購量比例分配 — 申購手數越多,獲配越多。
歷史 α 區間(P10–P90):甲組 0.3 – 0.9,乙組 0.4 – 1.0
0.59
此模型不適用分配手法調節

實際 vs 預測 對比

以實際認購倍數 2007.6x 和當前分配手法 (甲組 α=0.487, 乙組 α=0.587) 為基準,對比各檔位的實際與預測期望中籤手數

申購手數 認購金額(HKD) 實際期望中籤 預測期望中籤 偏差

Logo华健未来-B中籤預測矩陣

行為申購檔位,列為不同認購倍數,數值為期望中籤手數,綠色背景表示穩中(≥1手)

甲組

認購倍數
1639.9x
分配手法
α=
分配手法係數 α
Allocation Strategy Coefficient
反映發行人對不同申購規模的分配偏好。
α → 0  人均分配 — 每人獲配相同股數,與申購手數無關。
α → 1  按申購量比例分配 — 申購手數越多,獲配越多。
歷史 α 區間(P10–P90):甲組 0.3 – 0.9,乙組 0.4 – 1.0
0.49

乙組

認購倍數
1639.9x
分配手法
α=
分配手法係數 α
Allocation Strategy Coefficient
反映發行人對不同申購規模的分配偏好。
α → 0  人均分配 — 每人獲配相同股數,與申購手數無關。
α → 1  按申購量比例分配 — 申購手數越多,獲配越多。
歷史 α 區間(P10–P90):甲組 0.3 – 0.9,乙組 0.4 – 1.0
0.59
發售機制說明

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。

分配手法係數 α

α 為發行人分配偏好係數,描述發行人對不同申購規模的分配傾向。α 取值範圍 [0, 1]。

  • α → 0:人均分配——無論申購多少手,每位中籤者獲配股數相同。對散戶(小單申購)更有利。
  • α → 1:比例分配——獲配股數與申購手數成正比。對大額申購更有利。
  • 歷史實際 α 區間(P10–P90):甲組 0.3–0.9,乙組 0.4–1.0。不同IPO的α值差異較大,反映發行人各自的分配策略。
中籤率定義

本頁面的「中籤率」定義與港交所配發結果公告完全一致:中籤率 = 該檔位獲配股份總數 ÷ 該檔位有效申請股份總數 × 100%。此為港交所官方口徑,與其他網站可能使用的不同定義(如「申購人數中籤比例」)有本質區別。

期望中籤手數

期望中籤手數 = 該檔位獲配總股數 ÷ 每手股數 ÷ 該檔位申購人數

例:某檔位獲配總股數 50,000 股,每手 100 股,申購人數 500 人 → 期望中籤手數 = 50,000 ÷ 100 ÷ 500 = 1.0 手。

// 關於本頁 //

本頁展示 华健未来-B(06132)的中籤預測:基於相似 IPO 匹配的期望中籤率、甲乙組資金效率對比。
默認認購倍數按「近期首日表現 → 參與人數 → 人均手數 → 認購倍數」鏈條推導,公式為 認購倍數 = 參與人數 × 人均手數 ÷ 公開發售手數;其中參與人數與人均手數以近期 IPO 的中位數為基準,再按發行規模、A+H 身份、H 股折溢價、行業、併發 IPO、保薦人歷史表現與恒指近期走勢等特徵調節。
認購窗口前期默認倍數以模型推導為準;隨認購進度推進逐步結合孖展倍數加權;臨近截止(進度約九成後)默認倍數以孖展倍數預測為準。
中籤率預測基於歷史 356 隻 IPO 的 10897 條配發檔位數據做迴歸擬合與 KNN 相似匹配,估計各申購檔位的期望中籤手數,並結合分配手法係數 α(人均分配至比例分配)給出區間。
數據來源:港交所披露易平台公開發售配發結果公告、招股說明書、FINI 平台公告;孖展數據(孖展倍數、捷利預測倍數及券商明細)來自捷利交易寶(TradeGo),倍數僅覆蓋已上報券商,捷利預測倍數為全市場外推值。
孖展倍數盤中實時更新;中籤率預測模型隨新股配發數據入庫不定期迭代。

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Cibo — 港股IPO中籤率預測、中籤畫像與入通分析