知行汽车科技 01274 Prospectus Information

IPO Timeline

Broker Results (T-2)

2023-12-18

Some brokers release in afternoon

Grey Market (T-1)

2023-12-19

Afternoon

HKEX Allotment (T-1)

2023-12-19

Evening

Registrar Allotment (T-1)

2023-12-19

Evening

Listing Day (T)

2023-12-20

First day of trading

Company Overview

Stock Name	知行汽车科技
Stock Code	01274
Company Full Name	知行汽车科技
Industry	汽車
Principal Activities	公司是中國的一家自動駕駛解決方案提供商，專注于自動駕駛域控制器。
Listing Date	2023-12-20
Listing Rules Era	Old Rules
Listing Rules Chapter	To be extracted
Weighted Voting Rights (WVR)	No
Registered Address (Mainland China)	中國江蘇省蘇州市蘇州工業園區金雞湖大道88號G2棟19樓及20樓
Business Address (Hong Kong)	To be extracted
Place of Incorporation	To be extracted
Listing Method	To be extracted
Listing Board	Main Board
Website	https://www.imotion.ai/
Share Registrar	卓佳证券登记有限公司 (Tricor Investor Services Limited)
Registrar Contact	(852)2862 8628
A-Share/US Dual Listing	No data

Offering Information

Offering Mechanism	To be extracted
Offer Price	HK$ 29.65 / 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	To be extracted
HK Public Offer Shares (Initial)	To be extracted
Public Offer Lots (Initial)	To be extracted
International Placing Shares (Initial)	To be extracted
Offer Ratio	To be extracted
Total Shares Post-IPO	To be extracted
Greenshoe (Over-allotment Option)	To be confirmed
Stabilizing Manager (Greenshoe)	—
Cornerstone Share	79.2%
Clawback Tiers	To be extracted
Reallocation Option	To be confirmed
Total Global Offering Size	HK$ 65,573,940

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$ 2,965
2 lots	200	HK$ 5,930
3 lots	300	HK$ 8,895

Pool B

Lots Subscribed	Shares Subscribed	Subscription Amount (HKD)
4,500 lots	450,000	HK$ 13,342,500
10,000 lots	1,000,000	HK$ 29,650,000

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	To be extracted
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$ 25.85
First Day Open	HK$ 29.55
First Day Change	-12.82%
First Day Volume	1743300.0
First Day Turnover	50013700.0

Use of Proceeds

Use of Proceeds	1、約45.0%或約263.7百萬港元用作提升自動駕駛解決方案及產品的研發； 2、約35.0%或約205.1百萬港元用作與研發總部、生產廠房及新生產線有關的資本開支； 3、約10.0%約58.6百萬港元用作擴大銷售及服務網絡； 4、約10.0%約58.6百萬港元用作營運資金及一般公司用途。

Underwriting Syndicate

Joint Sponsors (3)

花旗环球金融亚洲有限公司 CE AAA137 华泰金融控股（香港）有限公司 CE AOK809 建银国际金融有限公司 CE AJO225

Overall Coordinators (4)

花旗环球金融亚洲有限公司 CE AAA137 华泰金融控股（香港）有限公司 CE AOK809 建银国际金融有限公司 CE AJO225 星展亚洲融资有限公司 CE AAE430

Joint Bookrunners (9)

花旗环球金融亚洲有限公司 CE AAA137 华泰金融控股（香港）有限公司 CE AOK809 建银国际金融有限公司 CE AJO225 星展亚洲融资有限公司 CE AAE430 招银国际融资有限公司 CE AVM940 金联证券有限公司 CE BHH779 利弗莫尔证券有限公司 CE BJN764 东吴证券国际经纪有限公司 CE AYA587 MOUETTE SECURITIES COMPANY LIMITED CE BLE877

Joint Lead Managers (9)

Cornerstone Investors

#	Investor Name	Investment Amount	Shares Subscribed	% of Offer Shares	% of Total Shares	Lock-up Period	Est. Unlock Date
1	Harvest International Premium Value (Secondary Market) Fund SPC	54,692,390 HKD	—	8.34%	—	6 months	2024-06-20
2	Silky Water Absolute Return LPF	78,130,715 HKD	—	11.91%	—	6 months	2024-06-20
3	苏州工业园区产业投资基金(有限合伙)	154,704,805 HKD	—	23.59%	—	6 months	2024-06-20
4	浙江七新智行信息技术有限公司	231,625,800 HKD	—	35.32%	—	6 months	2024-06-20

Directors & Management

Chairman	宋陽
Company Secretary	劉芳;鐘明輝

No director data available.

Major Shareholders

Major Shareholders & Holdings	宋陽(21.6%);蘇州藍馳管理咨詢企業(有限合伙)(9.1%);中國國有企業混合所有制改革基金有限公司(8.1%);漢拿科銳動電子(蘇州)有限公司(6.8%);深圳國中中小企業發展私募股權投資基金合伙企業(有限合伙)(6.8%)

AI AI Analysis

Market Sentiment

The IPO was moderately oversubscribed at 6.46x, indicating decent but not frenzied demand. A 100% hit rate, likely due to reallocation from the international tranche, meant all valid applicants received at least one lot, suggesting the public offer was finely balanced. Pricing at HK$29.65 was within a typical range, though the moderate subscription level reflects contained enthusiasm. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A striking anomaly: the A-tail (300 lots applied) and B-head (450,000 lots applied) both received exactly 1 lot, implying a completely flat allocation regardless of application size. This extreme inefficiency meant large applicants bore high broker fees for minimal allocation, making B-tier participation particularly unattractive. Such equal distribution is rare and likely stems from reallocation rules ensuring a minimum lot per applicant. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Demographic data is unavailable, with reported mainland and HK participation rates at 0%, preventing any regional or gender analysis. The absence of holder counts suggests either incomplete reporting or an unusual applicant profile that cannot be assessed. No reliable patterns can be drawn from the data provided. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Subscription Tiers

IPO Timeline

知行汽车科技 01274Prospectus Information

Market Sentiment

Tier Analysis

Demographics