IPO Timeline
Broker Deadline
2026-07-06
Morning deadline
HKEX Deadline
2026-07-06
Noon deadline
Broker Results (T-2)
2026-07-07
Some brokers release in afternoon
Grey Market (T-1)
2026-07-08
Afternoon
HKEX Allotment (T-1)
2026-07-08
Evening
Registrar Allotment (T-1)
2026-07-08
Evening
Listing Day (T)
2026-07-09
First day of trading
Cross-Market Price Comparison
| Other Listed Market | Shanghai (SSE) |
|---|---|
| Other Market Stock Code | 688337 |
| H-Share Offer Price | HK$ 45.98 |
| Other Market Price | Loading... |
| Reference Exchange Rate | Loading... |
| H-Share Offer Price Premium/Discount vs Other Market | Loading... |
Company Overview
| Stock Name | 普源精電 |
|---|---|
| Stock Code | 00537 |
| Company Full Name | 普源精電 |
| Industry | 電子測量儀器 |
| Principal Activities | 我們是中國電子測量儀器供應商，設計、開發、製造並交付全面電子測量儀器及解決方案，助力科學探索與行業創新。 |
| Listing Date | 2026-07-09 |
| Listing Rules Era | |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國江蘇省蘇州市高新區科靈路8號 |
| Business Address (Hong Kong) | 香港銅鑼灣希慎道33號利園一期19樓1910室 |
| Place of Incorporation | 中国 |
| Listing Method | 全球发售 |
| Listing Board | Main Board |
| Website | www.rigol.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 | Yes (A股) |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 45.98 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 100 shares |
| Entry Threshold | HK$ 4,598 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-06-30 to 2026-07-06 |
| Global Offering Shares | 24,802,200 shares |
| HK Public Offer Shares (Initial) | 2,480,300 shares (10.0%) |
| Public Offer Lots (Initial) | 24,803lots (12,401lots, 12,402lots) |
| International Placing Shares (Initial) | 22,321,900 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 218,676,617 shares |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 53.8% |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 1,140,405,156 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 4,598 |
| 2 lots | 200 | HK$ 9,196 |
| 3 lots | 300 | HK$ 13,794 |
| 4 lots | 400 | HK$ 18,392 |
| 5 lots | 500 | HK$ 22,990 |
| 6 lots | 600 | HK$ 27,588 |
| 7 lots | 700 | HK$ 32,186 |
| 8 lots | 800 | HK$ 36,784 |
| 9 lots | 900 | HK$ 41,382 |
| 10 lots | 1,000 | HK$ 45,980 |
| 15 lots | 1,500 | HK$ 68,970 |
| 20 lots | 2,000 | HK$ 91,960 |
| 25 lots | 2,500 | HK$ 114,950 |
| 30 lots | 3,000 | HK$ 137,940 |
| 35 lots | 3,500 | HK$ 160,930 |
| 40 lots | 4,000 | HK$ 183,920 |
| 45 lots | 4,500 | HK$ 206,910 |
| 50 lots | 5,000 | HK$ 229,900 |
| 60 lots | 6,000 | HK$ 275,880 |
| 70 lots | 7,000 | HK$ 321,860 |
| 80 lots | 8,000 | HK$ 367,840 |
| 90 lots | 9,000 | HK$ 413,820 |
| 100 lots | 10,000 | HK$ 459,800 |
| 200 lots | 20,000 | HK$ 919,600 |
| 300 lots | 30,000 | HK$ 1,379,400 |
| 400 lots | 40,000 | HK$ 1,839,200 |
| 500 lots | 50,000 | HK$ 2,299,000 |
| 600 lots | 60,000 | HK$ 2,758,800 |
| 700 lots | 70,000 | HK$ 3,218,600 |
| 800 lots | 80,000 | HK$ 3,678,400 |
| 900 lots | 90,000 | HK$ 4,138,200 |
| 1,000 lots | 100,000 | HK$ 4,598,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 200,000 | HK$ 9,196,000 |
| 3,000 lots | 300,000 | HK$ 13,794,000 |
| 4,000 lots | 400,000 | HK$ 18,392,000 |
| 5,000 lots | 500,000 | HK$ 22,990,000 |
| 6,000 lots | 600,000 | HK$ 27,588,000 |
| 7,000 lots | 700,000 | HK$ 32,186,000 |
| 8,000 lots | 800,000 | HK$ 36,784,000 |
| 9,000 lots | 900,000 | HK$ 41,382,000 |
| 10,000 lots | 1,000,000 | HK$ 45,980,000 |
| 11,000 lots | 1,100,000 | HK$ 50,578,000 |
| 12,401 lots | 1,240,100 | HK$ 57,019,798 |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 10,054,750,849 |
|---|---|
| Pre-IPO Valuation (Last Round) | To be extracted |
| P/E Ratio | To be extracted |
| Profit/Loss Status | 盈利约人民币86.1百万元 |
| Period-End Cash Balance | 人民币330.6百万元 |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | Loading... |
|---|
Use of Proceeds
| Use of Proceeds | 约30%用于提升研发能力，约20%用于扩充产能及自动化，约20%用于战略性投资及收购，约20%用于加强全球销售、营销及服务网络，约10%用于补充营运资金。 |
|---|
Underwriting Syndicate
Sole Sponsor (1)
中信证券（香港）有限公司 CE AAK249(sole)
Sponsor cum Overall Coordinator (1)
中信里昂证券有限公司 CE AAB893
Overall Coordinators (1)
中信里昂证券有限公司 CE AAB893
Joint Global Coordinators (1)
中信里昂证券有限公司 CE AAB893
Joint Bookrunners (3)
中信里昂证券有限公司 CE AAB893
招银国际融资有限公司 CE AVM940
工银国际证券有限公司 CE ARO299
Joint Lead Managers (3)
中信里昂证券有限公司 CE AAB893
招银国际融资有限公司 CE AVM940
工银国际证券有限公司 CE ARO299
Capital Market Intermediaries (3)
中信里昂证券有限公司 CE AAB893
招银国际融资有限公司 CE AVM940
工银国际证券有限公司 CE ARO299
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
瑞生国际律师事务所有限法律责任合伙 竞天公诚律师事务所 Zul Rafique & partners Loeb & Loeb LLP 霍金路伟律师行 |
| Legal Advisor to Sponsors/Underwriters |
亚司特博钦律师事务所 君合律师事务所上海分所 |
| Auditor and Reporting Accountant | 德勤‧关黄陈方会计师行 |
| Industry Advisor | 弗若斯特沙利文（北京）咨询有限公司上海分公司 |
| Receiving Banks | 招商永隆银行有限公司 |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | HHLR Advisors, Ltd | 25,000,000 USD | 4,261,300 | 17.18% | 1.95% | 6 months | 2027-01-09 |
| 2 | CPE Hemlock | 12,500,000 USD | 2,130,600 | 8.59% | 0.97% | 6 months | 2027-01-09 |
| 3 | 蘇州投資者蘇州高新區 | 10,000,000 USD | 1,704,500 | 6.87% | 0.78% | 6 months | 2027-01-09 |
| 4 | 華圓 | 7,000,000 USD | 1,193,100 | 4.81% | 0.55% | 6 months | 2027-01-09 |
| 5 | 小計 | 17,000,000 USD | 2,897,600 | 11.68% | 1.33% | 6 months | 2027-01-09 |
| 6 | 陽光電源香港 | 4,000,000 USD | 681,800 | 2.75% | 0.31% | 6 months | 2027-01-09 |
| 7 | 中信保誠基金 | 1,780,000 USD | 303,400 | 1.22% | 0.14% | 6 months | 2027-01-09 |
| 8 | 彭年集團 | 1,000,000 USD | 170,400 | 0.69% | 0.08% | 6 months | 2027-01-09 |
Directors & Management
| Chairman | 王悅 |
|---|---|
| Company Secretary | 程建川 |
執行董事 (4)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 王悅 | — | 執行董事 |
| 2 | 王寧 | — | 執行董事 |
| 3 | 孫寧霄 | — | 執行董事 |
| 4 | 程建川 | — | 執行董事 |
獨立非執行董事 (3)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 秦策 | — | 獨立非執行董事 |
| 2 | 劉連勝 | — | 獨立非執行董事 |
| 3 | 許煦 | — | 獨立非執行董事 |
Major Shareholders
| Major Shareholders & Holdings | 王悅博士、王鐵軍先生及李維森先生為一致行動人士，共同持有緊隨全球發售完成後本公司已發行股本約47.03%。 |
|---|
Offering Structure
Subscription Tiers
IPO Timeline
