基本半导体 09971中簽預測

基本半导体(09971)中籤預測
發售機制: 18C特专科技 | 最低申購: HK$6,324  |  公開發售手數: 甲組 3,423手 / 乙組 3,424手  |  招股價: HK$31.62  |  每手: 200股  |  公開發售募資: HK$1.73億
1x23094.0x
近期首日表現
+4.6%
→
參與人數
21,225
→
人均手數
64.0
→
認購倍數
199x
199x = 21,225 × 64.0 ÷ 6,847 孖展加權 100% → 4319.9x
孖展動態 · 2026-07-03 11:21 孖展倍數3348.75x 孖展資金1450.0億 捷利預測倍數4319.89x
排名 券商 孖展資金
1 富途证券富途 921.6億
2 辉立证券辉立 218.0億
3 老虎国际老虎 138.2億
4 华泰国际华泰 49.5億
5 盈立证券盈立 34.3億
6 华盛证券华盛 21.5億
7 致富证券致富 19.5億
8 复星国际复星 19.3億
9 长桥证券长桥 9.0億
孖展倍數
時間倍數
2026-06-29T06:00:00+08:000
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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=
分配手法系數 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
0.52
乙組 α=
分配手法系數 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
0.62
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 4812.72x 和當前分配手法 (甲組 α=0.523, 乙組 α=0.623) 爲基準,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基本半导体中籤預測矩陣

行爲申購檔位,列爲不同認購倍數,數值爲期望中籤手數,綠色背景表示穩中(≥1手)

甲組

認購倍數
4319.9x
分配手法
α=
分配手法系數 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
0.52

乙組

認購倍數
4319.9x
分配手法
α=
分配手法系數 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
0.62
發售機制說明

18C特专科技

《主板规则》第18C章,为特专科技公司设立。机制A及机制B不适用。初订分配份额为5%,回补门槛:10倍至不足50倍→10%,50倍或以上→20%。根据第18C.08条,发售股份总数中至少50%须由配售部分的独立定价投资者认购。

分配手法系數 α

α 爲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%。此爲港交所官方口徑,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 基本半导体(09971)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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