花旗环球金融亚洲有限公司 CE AAA137招银国际融资有限公司 CE AVM940GF Securities (Hong Kong) Brokerage Limited CE AOB364GUOYUAN SECURITIES BROKERAGE (HONG KONG) LIMITED CE AOA594农银国际证券有限公司 CE ACX411时富证券有限公司 CE AAF532中国银河国际证券(香港)有限公司 CE AXM459民银证券有限公司 CE APU820第一上海证券有限公司 CE ABV488富途证券国际(香港)有限公司 CE AZT137Long Bridge HK Limited CE BPX066万基证券有限公司 CE ACP776东方证劵(香港)有限公司百惠证券有限公司 CE BPQ161国证国际证券(香港)有限公司 CE AUW685中泰国际证券有限公司 CE BAA855
Joint Lead Managers (16)
花旗环球金融亚洲有限公司 CE AAA137招银国际融资有限公司 CE AVM940GF Securities (Hong Kong) Brokerage Limited CE AOB364GUOYUAN SECURITIES BROKERAGE (HONG KONG) LIMITED CE AOA594农银国际证券有限公司 CE ACX411时富证券有限公司 CE AAF532中国银河国际证券(香港)有限公司 CE AXM459民银证券有限公司 CE APU820第一上海证券有限公司 CE ABV488富途证券国际(香港)有限公司 CE AZT137Long Bridge HK Limited CE BPX066万基证券有限公司 CE ACP776东方证劵(香港)有限公司百惠证券有限公司 CE BPQ161国证国际证券(香港)有限公司 CE AUW685中泰国际证券有限公司 CE BAA855
Cornerstone Investors
#
Investor Name
Investment Amount
Shares Subscribed
% of Offer Shares
% of Total Shares
Lock-up Period
Est. Unlock Date
1
Action Chain International Limited
90,734,924 HKD
—
7.50%
—
6 months
2025-11-16
2
安吉两山乡村振兴股权投资合伙企业(有限合伙)
89,826,108 HKD
—
7.42%
—
6 months
2025-11-16
3
华置贸易有限公司
43,554,144 HKD
—
3.60%
—
6 months
2025-11-16
4
无锡合翔食品有限公司
34,549,388 HKD
—
2.85%
—
6 months
2025-11-16
5
无锡绿联食品有限公司
34,549,388 HKD
—
2.85%
—
6 months
2025-11-16
6
无锡琴雨食品有限公司
20,727,332 HKD
—
1.71%
—
6 months
2025-11-16
7
无锡紫鲜食品有限公司
241,845,716 HKD
—
19.98%
—
6 months
2025-11-16
8
正大食品投资有限公司
49,481,580 HKD
—
4.09%
—
6 months
2025-11-16
Directors & Management
Chairman
王勤松
Company Secretary
盧娟,黎少娟
No director data available.
Major Shareholders
Major Shareholders & Holdings
Time Sonic Investments Limited(54.29%),Partners Group Gourmet House Limited(15.76%)
AIAI 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 oversubscription ratio of 317.54x signals overwhelming market enthusiasm for 绿茶集团, far exceeding typical Hong Kong IPO demand. The overall hit rate of 72.86% is notably high for such a heavily subscribed offer, indicating a relatively generous allocation to successful applicants. The final offer price of HK$7.19 was set amid strong bidding, though no price range was disclosed for comparison. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
Under the old Mechanism A with Clawback Tier C and full reallocation, the public tranche was maximally expanded, likely compressing allocations at larger lot tiers. In such scenarios, the expected lots for the last A-tier (甲尾) often only marginally exceed those for the first B-tier (乙头), creating a known structural inefficiency where incremental capital barely improves allocation. Without granular tier data, the winner ratios across key tiers cannot be compared for broker fee efficiency. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Broker fee structures vary and actual costs may differ. Verify against official filings.)
Demographics
Mainland China investors accounted for a dominant 76.7% of successful applicants, reflecting strong cross-border interest and the premium placed on this consumer brand. The participant base skewed male (64.1%) with an average age of 40.5, a demographic profile commonly seen in Hong Kong retail IPOs. Regional concentration is not available, but historical patterns often show heavy participation from Guangdong province. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Data may contain errors; verify against official HKEX filings.)
Subscription Tiers
IPO Timeline
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