| Stock Name | 诺比侃 |
|---|---|
| Stock Code | 02635 |
| Company Full Name | 诺比侃 |
| Industry | Robotics |
| Principal Activities | general-purpose tool platform, and (b) domain- specific products with customized functions for specific application scenarios |
| Listing Date | 2025-12-23 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | Head Office and Principal Place of A9-4, Xin Gu Industrial Park Business in PRC No. 338, Guo Xin 4th Road Shuangliu District Chengdu Sichuan Province PRC |
| Business Address (Hong Kong) | 香港 銅鑼灣 勿地臣街1號 時代廣場 2座31樓 |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | www.nuobikan.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 Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 80.00 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 50 shares |
| Entry Threshold | HK$ 4,000 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2025-12-15 to 2025-12-18 |
| Global Offering Shares | 3,786,600 shares |
| HK Public Offer Shares (Initial) | 378,700 shares (10.0%) |
| Public Offer Lots (Initial) | 7,574lots (3,787lots, 3,787lots) |
| International Placing Shares (Initial) | 3,407,900 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 37,866,600 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | To be extracted |
| Cornerstone Share | 0% |
| Clawback Tiers | 机制B-无回补 |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 302,928,000 |
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 50 | HK$ 4,000 |
| 2 lots | 100 | HK$ 8,000 |
| 3 lots | 150 | HK$ 12,000 |
| 4 lots | 200 | HK$ 16,000 |
| 5 lots | 250 | HK$ 20,000 |
| 6 lots | 300 | HK$ 24,000 |
| 7 lots | 350 | HK$ 28,000 |
| 8 lots | 400 | HK$ 32,000 |
| 9 lots | 450 | HK$ 36,000 |
| 10 lots | 500 | HK$ 40,000 |
| 12 lots | 600 | HK$ 48,000 |
| 14 lots | 700 | HK$ 56,000 |
| 16 lots | 800 | HK$ 64,000 |
| 18 lots | 900 | HK$ 72,000 |
| 20 lots | 1,000 | HK$ 80,000 |
| 30 lots | 1,500 | HK$ 120,000 |
| 40 lots | 2,000 | HK$ 160,000 |
| 50 lots | 2,500 | HK$ 200,000 |
| 60 lots | 3,000 | HK$ 240,000 |
| 70 lots | 3,500 | HK$ 280,000 |
| 80 lots | 4,000 | HK$ 320,000 |
| 90 lots | 4,500 | HK$ 360,000 |
| 100 lots | 5,000 | HK$ 400,000 |
| 120 lots | 6,000 | HK$ 480,000 |
| 140 lots | 7,000 | HK$ 560,000 |
| 160 lots | 8,000 | HK$ 640,000 |
| 180 lots | 9,000 | HK$ 720,000 |
| 200 lots | 10,000 | HK$ 800,000 |
| 400 lots | 20,000 | HK$ 1,600,000 |
| 600 lots | 30,000 | HK$ 2,400,000 |
| 800 lots | 40,000 | HK$ 3,200,000 |
| 1,000 lots | 50,000 | HK$ 4,000,000 |
| 1,200 lots | 60,000 | HK$ 4,800,000 |
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,400 lots | 70,000 | HK$ 5,600,000 |
| 1,600 lots | 80,000 | HK$ 6,400,000 |
| 1,800 lots | 90,000 | HK$ 7,200,000 |
| 2,000 lots | 100,000 | HK$ 8,000,000 |
| 2,400 lots | 120,000 | HK$ 9,600,000 |
| 2,800 lots | 140,000 | HK$ 11,200,000 |
| 3,200 lots | 160,000 | HK$ 12,800,000 |
| 3,787 lots | 189,350 | HK$ 15,148,000 |
| Market Cap (at Offer Price) | HK$ 3,029,328,000 |
|---|---|
| Pre-IPO Valuation (Last Round) | To be extracted |
| P/E Ratio | 不適用（公司處於虧損狀態） |
| Profit/Loss Status | 盈利約人民幣115.4百萬元 |
| Period-End Cash Balance | 人民币138,500,000元 |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | HK$ 371.0 |
|---|---|
| First Day Open | HK$ 319.8 |
| First Day Change | 363.75% |
| First Day Volume | 868750.0 |
| First Day Turnover | 224406000.0 |
| Use of Proceeds | 1、約40.0%或122.7百萬港元將用于進行及加強核心技術的繼續研究，以鞏固技術能力以及產品及服務功能的基礎； 2、約40.0%或122.7百萬港元將用于建設研發技術中心和新總部基地； 3、約10.0%或30.7百萬港元將用于尋求潛在的戰略投資及收購機會，以實施優化產品及解決方案的長期增長策略，并擴大及╱或滲透覆蓋的終端客戶行業； 4、約10.0%或30.7百萬港元將用作營運資金及一般公司用途。 |
|---|
| Role | Institution |
|---|---|
| Compliance Advisor | 浩德融资有限公司 CE AGH102 |
| Chairman | Mr. Liao Yu |
|---|---|
| Company Secretary | Ms. Wang Li |
| Major Shareholders & Holdings | SUBSTANTIAL SHAREHOLDERS So far as our Directors are aware, immediately following the completion of the Global Offering (assuming that the Over-allotment Option is not exercised), each of the following persons will have an interest and/or short position in Shares or the und |
|---|
Market Sentiment
The IPO was oversubscribed by 188.74 times, indicating extreme retail demand for this AI sector listing. The overall hit rate of 11.65% reflects significant competition, with only 3,852 out of 33,051 valid applications obtaining allocation. The offer price was fixed at HK$80.00, likely at the top of expectations given the high subscription ratio. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A sharp tier anomaly is evident: A-tail applicants (HK$40,000 invested) received an average of just 0.1799 lots, while B-head applicants (HK$50,000 invested) secured a full 1.0 lot. The additional HK$10,000 commitment yields over five times the allocation, highlighting severe inefficiency at the boundary. Brokerage fees vary, but B-head appears far more cost‐effective on a per‐share basis under these allotments. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Data may contain errors or omissions; investors should verify against official HKEX filings.)
Demographics
Mainland Chinese participation reached 67.0%, underscoring robust cross‐border interest in the AI sector. The investor pool leaned male (62.7%) with an average age of 43.2 years, consistent with typical Hong Kong IPO profiles. Regional specifics are unavailable, but such high mainland involvement often concentrates in Guangdong. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
