IPO Timeline
Broker Deadline
2026-03-05
Morning deadline
HKEX Deadline
2026-03-05
Noon deadline
Broker Results (T-2)
2026-03-06
Some brokers release in afternoon
Grey Market (T-1)
2026-03-09
Afternoon
HKEX Allotment (T-1)
2026-03-09
Evening
Registrar Allotment (T-1)
2026-03-09
Evening
Listing Day (T)
2026-03-10
First day of trading
Cross-Market Price Comparison
| Other Listed Market | Shenzhen (SZSE) — 美格智能 |
|---|---|
| Other Market Stock Code | 002881 |
| H-Share Offer Price | HK$ 28.86 |
| Other Market Price | Loading... |
| Reference Exchange Rate | Loading... |
| H-Share Offer Price Premium/Discount vs Other Market | Loading... |
Company Overview
| Stock Name | 美格智能 |
|---|---|
| Stock Code | 03268 |
| Company Full Name | 美格智能 |
| Industry | Robotics |
| Principal Activities | globally leading provider of wireless communication modules and solutions, with a focus on smart modules, particularly high-computing-power smart modules |
| Listing Date | 2026-03-10 |
| 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 32/F, Building B Business in the PRC Shenzhen International Innovation Center Futian Technology Plaza No. 1006 Shennan Avenue Xintian Community, Huafu Street Futian |
| Business Address (Hong Kong) | 香港 灣仔 皇后大道東248號 大新金融中心40樓 |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | meigsmart.com |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | Computershare Hong Kong Investor |
| A-Share/US Dual Listing | Yes (A股) |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 28.86 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-02-27 to 2026-03-05 |
| Global Offering Shares | 40,250,000 shares |
| HK Public Offer Shares (Initial) | 3,500,000 shares (8.7%) |
| Public Offer Lots (Initial) | To be extracted |
| International Placing Shares (Initial) | 31,500,000 shares (91.3%) |
| Offer Ratio | ~13.56% |
| Total Shares Post-IPO | 296,756,700 shares |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 0% |
| Clawback Tiers | 机制B-无回补 |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 1,161,615,000 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 2,886 |
| 2 lots | 200 | HK$ 5,772 |
| 3 lots | 300 | HK$ 8,658 |
| 4 lots | 400 | HK$ 11,544 |
| 5 lots | 500 | HK$ 14,430 |
| 6 lots | 600 | HK$ 17,316 |
| 7 lots | 700 | HK$ 20,202 |
| 8 lots | 800 | HK$ 23,088 |
| 9 lots | 900 | HK$ 25,974 |
| 10 lots | 1,000 | HK$ 28,860 |
| 15 lots | 1,500 | HK$ 43,290 |
| 20 lots | 2,000 | HK$ 57,720 |
| 25 lots | 2,500 | HK$ 72,150 |
| 30 lots | 3,000 | HK$ 86,580 |
| 35 lots | 3,500 | HK$ 101,010 |
| 40 lots | 4,000 | HK$ 115,440 |
| 45 lots | 4,500 | HK$ 129,870 |
| 50 lots | 5,000 | HK$ 144,300 |
| 60 lots | 6,000 | HK$ 173,160 |
| 70 lots | 7,000 | HK$ 202,020 |
| 80 lots | 8,000 | HK$ 230,880 |
| 90 lots | 9,000 | HK$ 259,740 |
| 100 lots | 10,000 | HK$ 288,600 |
| 200 lots | 20,000 | HK$ 577,200 |
| 300 lots | 30,000 | HK$ 865,800 |
| 400 lots | 40,000 | HK$ 1,154,400 |
| 500 lots | 50,000 | HK$ 1,443,000 |
| 600 lots | 60,000 | HK$ 1,731,600 |
| 700 lots | 70,000 | HK$ 2,020,200 |
| 800 lots | 80,000 | HK$ 2,308,800 |
| 900 lots | 90,000 | HK$ 2,597,400 |
| 1,000 lots | 100,000 | HK$ 2,886,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 200,000 | HK$ 5,772,000 |
| 3,000 lots | 300,000 | HK$ 8,658,000 |
| 4,000 lots | 400,000 | HK$ 11,544,000 |
| 5,000 lots | 500,000 | HK$ 14,430,000 |
| 6,000 lots | 600,000 | HK$ 17,316,000 |
| 7,000 lots | 700,000 | HK$ 20,202,000 |
| 8,000 lots | 800,000 | HK$ 23,088,000 |
| 9,000 lots | 900,000 | HK$ 25,974,000 |
| 10,000 lots | 1,000,000 | HK$ 28,860,000 |
| 12,500 lots | 1,250,000 | HK$ 36,075,000 |
| 15,000 lots | 1,500,000 | HK$ 43,290,000 |
| 17,500 lots | 1,750,000 | HK$ 50,505,000 |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 8,564,398,362 |
|---|---|
| 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134.4百萬元 |
| Period-End Cash Balance | 人民币105,100,000元 |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | ~6.5% |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | HK$ 29.3 |
|---|---|
| First Day Open | HK$ 29.04 |
| First Day Change | 1.52% |
| First Day Volume | 9834700.0 |
| First Day Turnover | 286434000.0 |
Use of Proceeds
| Use of Proceeds | 1、約55%或519.6百萬港元，預期將用于提升公司的研發及創新能力； 2、約10%或94.5百萬港元，預期將用于拓展公司的海外銷售網絡及在海外市場推廣公司的產品； 3、約10%或94.5百萬港元，預期將用于戰略投資及╱或收購，以實現公司的長期增長戰略； 4、約15%或141.7百萬港元，預期將用于償還若干計息銀行借款； 5、約10%或94.5百萬港元，預期將用于營運資金及一般公司用途。 |
|---|
Underwriting Syndicate
Sole Sponsor (1)
中国国际金融香港证券有限公司 CE AEN894(sole)
Sponsor cum Overall Coordinator (1)
中国国际金融香港证券有限公司 CE AEN894(sole)
Overall Coordinators (2)
中国国际金融香港证券有限公司 CE AEN894
法国巴黎证券（亚洲）有限公司 CE AAF669
Joint Global Coordinators (6)
中国国际金融香港证券有限公司 CE AEN894
法国巴黎证券（亚洲）有限公司 CE AAF669
兴证国际融资有限公司 CE BAK956
富途证券国际（香港）有限公司 CE AZT137
老虎证券（香港）环球有限公司 CE BMU940
开盘证券有限公司 CE ACS694
Joint Bookrunners (6)
中国国际金融香港证券有限公司 CE AEN894
法国巴黎证券（亚洲）有限公司 CE AAF669
兴证国际融资有限公司 CE BAK956
富途证券国际（香港）有限公司 CE AZT137
老虎证券（香港）环球有限公司 CE BMU940
开盘证券有限公司 CE ACS694
Joint Lead Managers (6)
中国国际金融香港证券有限公司 CE AEN894
法国巴黎证券（亚洲）有限公司 CE AAF669
兴证国际融资有限公司 CE BAK956
富途证券国际（香港）有限公司 CE AZT137
老虎证券（香港）环球有限公司 CE BMU940
开盘证券有限公司 CE ACS694
Capital Market Intermediaries (6)
中国国际金融香港证券有限公司 CE AEN894
法国巴黎证券（亚洲）有限公司 CE AAF669
兴证国际融资有限公司 CE BAK956
富途证券国际（香港）有限公司 CE AZT137
老虎证券（香港）环球有限公司 CE BMU940
开盘证券有限公司 CE ACS694
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
普衡律师事务所（香港）有限法律责任合伙 汉坤律师事务所 |
| Legal Advisor to Sponsors/Underwriters |
众达国际法律事务所 金杜律师事务所 |
| Auditor and Reporting Accountant | 安永会计师事务所 |
| Industry Advisor | 弗若斯特沙利文（北京）咨询有限公司上海分公司 |
| 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 | 中兴有限公司 | — | — | — | — | 6 months | 2026-09-10 |
| 2 | 并由南通宝月湖科创投资集团有限公司 | — | — | — | — | 6 months | 2026-09-10 |
| 3 | 嘉实基金由中诚信托有限责任公司 | — | — | — | — | 6 months | 2026-09-10 |
Directors & Management
| Chairman | 王平 |
|---|---|
| Company Secretary | Mr. Au Kai Yin |
執行董事 (4)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 王平 | — | 執行董事 |
| 2 | 杜国彬 | — | 執行董事 |
| 3 | 夏有庆 | — | 執行董事 |
| 4 | 黄敏 | — | 執行董事 |
獨立非執行董事 (3)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 马利军 | — | 獨立非執行董事 |
| 2 | 杨政 | — | 獨立非執行董事 |
| 3 | 刘佳 | — | 獨立非執行董事 |
Major Shareholders
| Major Shareholders & Holdings | SUBSTANTIAL SHAREHOLDERS So far as our Directors are aware, immediately following the completion of the Global Offering (assuming no changes to our issued and outstanding shares between the Latest Practicable Date and the Listing), the following persons will have an interes |
|---|
AI
AI Analysis
Market Sentiment
美格智能 IPO 获得 174.12 倍超额认购，有效申请 57,965 份，最终中签率 26.75%，显示市场申购情绪热烈。触发重新分配后，零售部分仍维持初始 8.7% 比例，反映散户竞争激烈。最终定价 28.86 港元，但缺乏价格区间信息，无法判断定价水平。 (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
由于缺乏每手股数和分档认购数据，无法分析甲尾、乙头等关键档位的中签率差异。机制 B 无回补安排下，零售初始份额仅 8.7%，导致整体中签率偏低，但无法识别档位异常。投资者需注意，不同券商手续费差异可能影响实际成本，本分析未纳入具体费率。 (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
提供的持有人构成数据显示大陆参与率、香港参与率均为 0%，或为数据缺失，无法分析地域集中度、性别年龄分布等特征。通常通信设备新股可能吸引较多大陆资金，但本次无有效数据支持。 (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
