IPO Timeline
Broker Deadline
2026-05-06
Morning deadline
HKEX Deadline
2026-05-06
Noon deadline
Broker Results (T-2)
2026-05-07
Some brokers release in afternoon
Grey Market (T-1)
2026-05-08
Afternoon
HKEX Allotment (T-1)
2026-05-08
Evening
Registrar Allotment (T-1)
2026-05-08
Evening
Listing Day (T)
2026-05-11
First day of trading
Company Overview
| Stock Name | LeMotor Robotics |
|---|---|
| Stock Code | 01236 |
| Company Full Name | LeMotor Robotics |
| Industry | Robotics |
| Principal Activities | company offering visual perception products and robot lawn mowers |
| Listing Date | 2026-05-11 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | Headquarters and Principal Place of 7/F and 16/F, Tower A, Building 6 Business in the PRC International Innovation Valley Xili Subdistrict, Nanshan District, Shenzhen Guangdong Province PRC |
| Business Address (Hong Kong) | Room 1916, 19/F Lee Garden One 33 Hysan Avenue Causeway Bay Hong Kong |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | https://www.ldrobot.com/ |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2980 1333 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 26.36 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | To be extracted |
| Offer Period | To be extracted |
| Global Offering Shares | 33,333,400 shares |
| HK Public Offer Shares (Initial) | 3,333,400 shares (None%) |
| Public Offer Lots (Initial) | To be extracted |
| International Placing Shares (Initial) | 30,000,000 shares (None%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | To be extracted |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 30.8% |
| Clawback Tiers | 机制B-无回补 |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 87,868,424 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 200 | HK$ 5,272 |
| 2 lots | 400 | HK$ 10,544 |
| 3 lots | 600 | HK$ 15,816 |
| 4 lots | 800 | HK$ 21,088 |
| 5 lots | 1,000 | HK$ 26,360 |
| 6 lots | 1,200 | HK$ 31,632 |
| 7 lots | 1,400 | HK$ 36,904 |
| 8 lots | 1,600 | HK$ 42,176 |
| 9 lots | 1,800 | HK$ 47,448 |
| 10 lots | 2,000 | HK$ 52,720 |
| 15 lots | 3,000 | HK$ 79,080 |
| 20 lots | 4,000 | HK$ 105,440 |
| 25 lots | 5,000 | HK$ 131,800 |
| 30 lots | 6,000 | HK$ 158,160 |
| 35 lots | 7,000 | HK$ 184,520 |
| 40 lots | 8,000 | HK$ 210,880 |
| 45 lots | 9,000 | HK$ 237,240 |
| 50 lots | 10,000 | HK$ 263,600 |
| 100 lots | 20,000 | HK$ 527,200 |
| 150 lots | 30,000 | HK$ 790,800 |
| 200 lots | 40,000 | HK$ 1,054,400 |
| 250 lots | 50,000 | HK$ 1,318,000 |
| 300 lots | 60,000 | HK$ 1,581,600 |
| 350 lots | 70,000 | HK$ 1,845,200 |
| 400 lots | 80,000 | HK$ 2,108,800 |
| 450 lots | 90,000 | HK$ 2,372,400 |
| 500 lots | 100,000 | HK$ 2,636,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,000 lots | 200,000 | HK$ 5,272,000 |
| 1,500 lots | 300,000 | HK$ 7,908,000 |
| 2,000 lots | 400,000 | HK$ 10,544,000 |
| 2,500 lots | 500,000 | HK$ 13,180,000 |
| 3,000 lots | 600,000 | HK$ 15,816,000 |
| 3,500 lots | 700,000 | HK$ 18,452,000 |
| 4,000 lots | 800,000 | HK$ 21,088,000 |
| 4,500 lots | 900,000 | HK$ 23,724,000 |
| 5,000 lots | 1,000,000 | HK$ 26,360,000 |
| 6,000 lots | 1,200,000 | HK$ 31,632,000 |
| 7,000 lots | 1,400,000 | HK$ 36,904,000 |
| 8,333 lots | 1,666,600 | HK$ 43,931,576 |
Valuation & Financials
| Market Cap (at Offer Price) | To be extracted |
|---|---|
| Pre-IPO Valuation (Last Round) | To be extracted |
| P/E Ratio | To be extracted |
| Profit/Loss Status | Net loss RMB68.5 million |
| Period-End Cash Balance | To be extracted |
| 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 | HK$ 60.0 |
|---|---|
| First Day Open | HK$ 53.5 |
| First Day Change | 127.62% |
| First Day Volume | 14659200.0 |
| First Day Turnover | 891538000.0 |
Use of Proceeds
| Use of Proceeds | 1、約45.0%（或372.2百萬港元）將用于加強智能機器人視覺感知技術的研發，以實現人工智能功能算法結構的升級，優化公司智能機器人視覺感知產品及智能機器人產品； 2、約10.0%（或82.7百萬港元）將分配用于品牌建設與國際拓展，以擴大海外客戶群； 3、約30.0%（或248.1百萬港元）將分配用于優化生產能力及產能擴充，支持大規模出貨量； 4、約5.0%（或41.4百萬港元）將分配用于探索潛在投資及收購機會； 5、約10.0%（或82.7百萬港元）將用作營運資金及一般公司用途。 |
|---|
Underwriting Syndicate
Joint Sponsors (2)
海通国际资本有限公司 CE ADQ859
国泰君安融资有限公司 CE AGS488
Sponsor cum Overall Coordinator (1)
海通国际证券有限公司 CE AAF806
Overall Coordinators (3)
海通国际证券有限公司 CE AAF806
国泰君安证券（香港）有限公司 CE ABY236
中国国际金融香港证券有限公司 CE AEN894
Joint Global Coordinators (3)
海通国际证券有限公司 CE AAF806
国泰君安证券（香港）有限公司 CE ABY236
中国国际金融香港证券有限公司 CE AEN894
Joint Bookrunners (9)
海通国际证券有限公司 CE AAF806
国泰君安证券（香港）有限公司 CE ABY236
中国国际金融香港证券有限公司 CE AEN894
国投证券（香港）有限公司 CE ADS612
富途证券国际（香港）有限公司 CE AZT137
东方证券（香港）有限公司 CE AVD362
民银证券有限公司 CE APU820
粤商国际证券有限公司 CE BEZ371
Goldbridge Securities Limited CE ABX568
Joint Lead Managers (9)
海通国际证券有限公司 CE AAF806
国泰君安证券（香港）有限公司 CE ABY236
中国国际金融香港证券有限公司 CE AEN894
国投证券（香港）有限公司 CE ADS612
富途证券国际（香港）有限公司 CE AZT137
东方证券（香港）有限公司 CE AVD362
民银证券有限公司 CE APU820
粤商国际证券有限公司 CE BEZ371
Goldbridge Securities Limited CE ABX568
Capital Market Intermediaries (9)
海通国际证券有限公司 CE AAF806
国泰君安证券（香港）有限公司 CE ABY236
中国国际金融香港证券有限公司 CE AEN894
国投证券（香港）有限公司 CE ADS612
富途证券国际（香港）有限公司 CE AZT137
东方证券（香港）有限公司 CE AVD362
民银证券有限公司 CE APU820
粤商国际证券有限公司 CE BEZ371
Goldbridge Securities Limited CE ABX568
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
年利达律师事务所 中伦律师事务所 金杜律师事务所 |
| Legal Advisor to Sponsors/Underwriters |
众达国际法律事务所 竞天公诚律师事务所 |
| Auditor and Reporting Accountant | 安永会计师事务所 |
| Industry Advisor | 灼识企业管理咨询（上海）有限公司 |
| 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 | （港元）康成亨远景投资有限公司 | 277,000,000 HKD | 10,259,200 | 30.78% | 3.08% | 6 months | 2026-11-11 |
Directors & Management
| Chairman | 周偉 |
|---|---|
| Company Secretary | 唐艷麗,蕭月秋 |
執行董事 (3)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 周伟 | — | 執行董事 |
| 2 | 郭盖华 | — | 執行董事 |
| 3 | 张军 | — | 執行董事 |
非執行董事 (1)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 黄喜 | — | 非執行董事 |
獨立非執行董事 (3)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 程浩 | — | 獨立非執行董事 |
| 2 | 闫红玉 | — | 獨立非執行董事 |
| 3 | 康锦里 | — | 獨立非執行董事 |
Major Shareholders
| Major Shareholders & Holdings | CONTROLLING SHAREHOLDERS (ii) are free of any business or other relationship which could interfere in any material manner with the exercise of their independent judgment, and (iii) will be able to provide an impartial and external opinion to protect the interests of our Sha |
|---|
AI
AI Analysis
Market Sentiment
The IPO saw extraordinary oversubscription of 6,707.66 times, indicating intense market enthusiasm for this robotics firm. The overall hit rate was just 5.62%, meaning the vast majority of applications received no allocation. This level of demand typically reflects buoyant sentiment and a rush for exposure to the robotics sector. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A notable inefficiency emerged between the 甲尾 (last A-tier) and 乙头 (first B-tier): expected lots were 0.1066 versus 0.1 respectively, a negligible difference. Given that B-head required double the capital (200,000 shares vs 100,000 shares), applicants would have achieved similar allocation with half the commitment by stopping at A-tail, making B-head highly cost-ineffective after factoring in margin financing costs. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Mainland China investors accounted for 58.3% of successful applicants, underscoring strong cross-border demand for Hong Kong-listed robotics stocks. The gender split skewed male at 61.5%, with an average age of 42.7 years, aligning with a tech-savvy, middle-aged investor base. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Offering Structure
Subscription Tiers
IPO Timeline
