凱樂士科技 02729Prospectus Information

Prospectus Information
返回 Stock Info Prospectus Allotment Results Allotment Profile Expected Lots
IPO Timeline
Broker Deadline
2026-03-19
Morning deadline
HKEX Deadline
2026-03-19
Noon deadline
Broker Results (T-2)
2026-03-20
Some brokers release in afternoon
Grey Market (T-1)
2026-03-23
Afternoon
HKEX Allotment (T-1)
2026-03-23
Evening
Registrar Allotment (T-1)
2026-03-23
Evening
Listing Day (T)
2026-03-24
First day of trading
Company Overview
Stock Name凱樂士科技
Stock Code02729
Company Full Name凱樂士科技
IndustryIndustrial Goods
Principal Activities我們是綜合智能場內物流機器人提供商，提供以三個核心產品線為主的種類豐富的機器人產品：多向穿梭車機器人(MSR)、自主移動機器人(AMR)以及輸送分揀機器人(CSR)。我們的機器人產品組合具備存取、分揀及搬運的核心功能，覆蓋整個場內物流的業務範圍。
Listing Date2026-03-24
Listing Rules EraNew Rules (after Aug 2025)
Listing Rules ChapterTo be extracted
Weighted Voting Rights (WVR)No
Registered Address (Mainland China)中國浙江省嘉興市南湖區大橋鎮馳騁路1118號
Business Address (Hong Kong)香港銅鑼灣勿地臣街1號時代廣場二座31樓
Place of IncorporationTo be extracted
Listing MethodTo be extracted
Listing BoardMain Board
Websitewww.galaxis-tech.com
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 ListingNo
Offering Information
Offering Mechanism Mechanism B
Offer PriceHK$ 16.66 / shares
Offer Price RangeFinal offer price only, no range
Lot Size200 shares
Entry ThresholdHK$ 3,332
Par ValueRMB 1.0 / shares
Offer Period2026-03-16 to 2026-03-19
Global Offering Shares36,798,000 shares
HK Public Offer Shares (Initial)3,679,800 shares (10.0%)
Public Offer Lots (Initial)18,399lots (9,199lots, 9,200lots)
International Placing Shares (Initial)33,118,200 shares (90.0%)
Offer Ratio~8.6%
Total Shares Post-IPO427,883,729 shares
Greenshoe (Over-allotment Option)No
Stabilizing Manager (Greenshoe)—
Cornerstone Share0%
Clawback Tiers机制B-无回补
Reallocation OptionNo
Total Global Offering SizeHK$ 613,054,680
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 SubscribedShares SubscribedSubscription Amount (HKD)
1 lots 200 HK$ 3,332
2 lots 400 HK$ 6,664
3 lots 600 HK$ 9,996
4 lots 800 HK$ 13,328
5 lots 1,000 HK$ 16,660
6 lots 1,200 HK$ 19,992
7 lots 1,400 HK$ 23,324
8 lots 1,600 HK$ 26,656
9 lots 1,800 HK$ 29,988
10 lots 2,000 HK$ 33,320
15 lots 3,000 HK$ 49,980
20 lots 4,000 HK$ 66,640
25 lots 5,000 HK$ 83,300
30 lots 6,000 HK$ 99,960
35 lots 7,000 HK$ 116,620
40 lots 8,000 HK$ 133,280
45 lots 9,000 HK$ 149,940
50 lots 10,000 HK$ 166,600
100 lots 20,000 HK$ 333,200
150 lots 30,000 HK$ 499,800
200 lots 40,000 HK$ 666,400
250 lots 50,000 HK$ 833,000
300 lots 60,000 HK$ 999,600
350 lots 70,000 HK$ 1,166,200
400 lots 80,000 HK$ 1,332,800
450 lots 90,000 HK$ 1,499,400
500 lots 100,000 HK$ 1,666,000
1,000 lots 200,000 HK$ 3,332,000
1,500 lots 300,000 HK$ 4,998,000
Pool B
Lots SubscribedShares SubscribedSubscription Amount (HKD)
2,000 lots 400,000 HK$ 6,664,000
2,500 lots 500,000 HK$ 8,330,000
3,000 lots 600,000 HK$ 9,996,000
3,500 lots 700,000 HK$ 11,662,000
4,000 lots 800,000 HK$ 13,328,000
4,500 lots 900,000 HK$ 14,994,000
5,000 lots 1,000,000 HK$ 16,660,000
6,000 lots 1,200,000 HK$ 19,992,000
7,000 lots 1,400,000 HK$ 23,324,000
8,000 lots 1,600,000 HK$ 26,656,000
9,199 lots 1,839,800 HK$ 30,651,068
Valuation & Financials
Market Cap (at Offer Price)HK$ 7,128,542,925
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虧損人民幣178.1百萬元（2024年）
Period-End Cash Balance人民币115,800,000元
Listing ExpensesTo be extracted
Listing Expenses / Funds Raised~8.8%
Total Pre-IPO InvestmentTo be extracted
First Day Performance
First Day CloseHK$ 30.7
First Day OpenHK$ 32.0
First Day Change84.27%
First Day Volume11298600.0
First Day Turnover334777000.0
Use of Proceeds
Use of Proceeds1、約24.5%或151.3百萬港元，將用于推進公司的核心機器人產品線； 2、約20.5%或126.6百萬港元，將用于公司底層技術的研發及軟件能力開發； 3、約25.0%或154.4百萬港元，將用于擴大產能及提升制造能力； 4、約20.0%或123.5百萬港元，將用于執行公司的全球市場擴張戰； 5、約10.0%或61.8百萬港元，將用作營運資金及其他一般公司用途。
Underwriting Syndicate
Joint Sponsors (2)
国泰君安融资有限公司 CE AGS488 中信证券（香港）有限公司 CE AAK249
Sponsor cum Overall Coordinator (2)
国泰君安证券（香港）有限公司 CE ABY236 中信里昂证券有限公司 CE AAB893
Overall Coordinators (4)
国泰君安证券（香港）有限公司 CE ABY236 中信里昂证券有限公司 CE AAB893 招银国际融资有限公司 CE AVM940 黄河证券有限公司 CE BIX927
Joint Global Coordinators (6)
国泰君安证券（香港）有限公司 CE ABY236 中信里昂证券有限公司 CE AAB893 招银国际融资有限公司 CE AVM940 黄河证券有限公司 CE BIX927 工银国际证券有限公司 CE ARO299 农银国际融资有限公司 CE AWL249
Joint Bookrunners (13)
国泰君安证券（香港）有限公司 CE ABY236 中信里昂证券有限公司 CE AAB893 招银国际融资有限公司 CE AVM940 黄河证券有限公司 CE BIX927 工银国际证券有限公司 CE ARO299 农银国际融资有限公司 CE AWL249 建银国际金融有限公司 CE AJO225 云锋证券有限公司 CE AYT670 利弗莫尔证券有限公司 CE BJN764 浦银国际融资有限公司 CE BFZ375 申万宏源证券（香港）有限公司 CE AAC927 元宇宙（国际）证券有限公司 CE BIL855 仁和资本有限公司 CE BOP761
Joint Lead Managers (13)
国泰君安证券（香港）有限公司 CE ABY236 中信里昂证券有限公司 CE AAB893 招银国际融资有限公司 CE AVM940 黄河证券有限公司 CE BIX927 工银国际证券有限公司 CE ARO299 农银国际证券有限公司 CE ACX411 建银国际金融有限公司 CE AJO225 云锋证券有限公司 CE AYT670 利弗莫尔证券有限公司 CE BJN764 浦银国际融资有限公司 CE BFZ375 申万宏源证券（香港）有限公司 CE AAC927 元宇宙（国际）证券有限公司 CE BIL855 仁和资本有限公司 CE BOP761
Capital Market Intermediaries (12)
国泰君安证券（香港）有限公司 CE ABY236 中信里昂证券有限公司 CE AAB893 招银国际融资有限公司 CE AVM940 黄河证券有限公司 CE BIX927 工银国际证券有限公司 CE ARO299 建银国际金融有限公司 CE AJO225 云锋证券有限公司 CE AYT670 利弗莫尔证券有限公司 CE BJN764 浦银国际融资有限公司 CE BFZ375 申万宏源证券（香港）有限公司 CE AAC927 元宇宙（国际）证券有限公司 CE BIL855 仁和资本有限公司 CE BOP761
Service Providers
RoleInstitution
Legal Advisor to Company 凯易律师事务所
礼丰律师事务所
Hogan Lovells
Ashurst Horitsu Jimusho Gaikokuho Kyodo Jigyo
Legal Advisor to Sponsors/Underwriters 嘉源律师事务所
锦天城律师事务所
Auditor and Reporting Accountant 毕马威会计师事务所
Industry Advisor 弗若斯特沙利文（北京）咨询有限公司上海分公司
Compliance Advisor 国泰君安融资有限公司 CE AGS488
Receiving Banks 招商永隆银行有限公司
中国工商银行（亚洲）有限公司
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
Chairman谷春光
Company Secretary宋垚
執行董事 (4)
#NameEnglish NameType
1 谷春光 — 執行董事
2 杨艳 — 執行董事
3 沈鹭 — 執行董事
4 白红星 — 執行董事
非執行董事 (2)
#NameEnglish NameType
1 沈奇 — 非執行董事
2 李秋雨 — 非執行董事
獨立非執行董事 (3)
#NameEnglish NameType
1 胡建强 — 獨立非執行董事
2 莫融 — 獨立非執行董事
3 刘克立 — 獨立非執行董事
Major Shareholders
Major Shareholders & Holdings緊隨全球發售完成及非上市股份轉換為H股後，谷春光博士、楊艷博士、沈鷺先生、馬蘭女士、嘉興九麥、嘉興匯戈、嘉興融銘及嘉興蓋勒作為一致行動人合共持有116,656,560股H股，佔已發行股本總額約27.26%。順豐泰森持有55,135,080股H股，佔12.89%。中金資本持有39,687,120股H股，佔9.28%。招商局集團持有30,915,099股H股，佔7.23%。
AI AI Analysis
!
The following content is generated by an AI model based on historical IPO data. It does NOT constitute investment advice, solicitation, or recommendation. Past subscription patterns and post-listing performance do not guarantee future results. Data may contain inaccuracies — always verify against official HKEX filings and prospectuses before making any investment decision.

Market Sentiment

The IPO saw extreme enthusiasm with a 2,153x oversubscription ratio, indicating fierce demand for shares. A hit rate of just 16.21% reflects the competitive nature, as only 17,382 of 107,253 applicants were allocated stock. Shares were reallocated from the international tranche to meet the overwhelming retail interest. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A notable inefficiency is observed at the top tiers: both 甲尾 (last A-tier) with 200,000 applied lots and 乙头 (first B-tier) with 300,000 applied lots are each expected to receive exactly 1 lot. This means the substantially larger capital commitment for 乙头 yields no additional allocation, highlighting poor marginal efficiency for high-tier applicants. Broker fee dynamics further erode returns, as the expected 1 lot may barely cover costs for either tier. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Demographic details such as mainland participation, gender, or regional concentration were not available in the provided data, preventing a meaningful distribution analysis. In the absence of specifics, the applicant base may reflect typical Hong Kong IPO patterns, though no conclusions can be drawn. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

AI-generated content. For informational purposes only. Not financial advice. Verify against official sources.
Offering Structure
Subscription Tiers
IPO Timeline
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