English
Back
Open Account
2026 IPO bonanza! Over 90% of new stocks rose on their debut
牛牛新股君
joined discussion · Mar 9 07:51

IPO Pricing | Estun Automation goes public today, with over 19 times subscription, priced at HKD 15.36 per share, and a 4.99% allocation rate for one lot

Futu News, March 9th update,$ESTUN (02715.HK)$Announced the allocation results, with shares priced at HKD 15.36 each. A total of 96.78 million shares were issued, with each lot consisting of 200 shares. The company is officially listed today.
In the previous trading session, Estun Automation’s grey market price closed down 7.55%, at HKD 14.2 per share, with a turnover of HKD 7.4392 million. Each lot consists of 200 shares, and without considering handling fees, investors lost HKD 232 per lot.
During the public offering phase, Estun Automation received 19.67 times subscription. The final number of shares offered to the public was 9.678 million, accounting for approximately 10% of the total offering. A total of about 27,200 valid applications were received, with around 6,799 processed applications. The approximate allocation rate for one lot compared to the total applied shares was 4.99%.
In addition, during the international placement phase, Estun received 3.34 times subscription, with the final number of international placement shares amounting to 87,102,000 shares, accounting for 90% of the total shares offered. Futu Information has compiled the relevant data in the table below:
Futu News, March 9th update,$ESTUN (02715.HK)$Announced the allocation results, with shares priced at HKD 15.36 each. A total of 96.78 million shares were issued, with each lot consisting of 200 shares. The company is officially listed today. In the previous trading session, Estun Automation’s grey market price closed down 7.55%, at HKD 14.2 per share, with a turnover of HKD 7.4392 million. Each lot consists of 200 shares, and without considering handling fees, investors lost HKD 232 per lot. During the public offering phase, Estun Automation received 19.67 times subscription. The final number of shares offered to the public was 9.678 million, accounting for approximately 10% of the total offering. A total of about 27,200 valid applications were received, with around 6,799 processed applications. The approximate allocation rate for one lot compared to the total applied shares was 4.99%. In addition, during the international placement phase, Estun Automation received 3.34 times subscription. The final number of international placement shares was 87.102 million, equivalent to 90% of the total offering. Futu Information compiled relevant data as shown in the table below: Company Overview Estun Automation is a leading enterprise in China's industrial robotics sector. According to Frost & Sullivan, the company has maintained the top position in terms of shipment volume among domestic companies in China’s industrial robotics solutions market for several consecutive years. According to the same source, in the first half of 2025, the company achieved a historic breakthrough by surpassing foreign brands in the domestic market’s industrial robot shipment volume, becoming the first Chinese company to top...
Futu News, March 9th update,$ESTUN (02715.HK)$Announced the allocation results, with shares priced at HKD 15.36 each. A total of 96.78 million shares were issued, with each lot consisting of 200 shares. The company is officially listed today. In the previous trading session, Estun Automation’s grey market price closed down 7.55%, at HKD 14.2 per share, with a turnover of HKD 7.4392 million. Each lot consists of 200 shares, and without considering handling fees, investors lost HKD 232 per lot. During the public offering phase, Estun Automation received 19.67 times subscription. The final number of shares offered to the public was 9.678 million, accounting for approximately 10% of the total offering. A total of about 27,200 valid applications were received, with around 6,799 processed applications. The approximate allocation rate for one lot compared to the total applied shares was 4.99%. In addition, during the international placement phase, Estun Automation received 3.34 times subscription. The final number of international placement shares was 87.102 million, equivalent to 90% of the total offering. Futu Information compiled relevant data as shown in the table below: Company Overview Estun Automation is a leading enterprise in China's industrial robotics sector. According to Frost & Sullivan, the company has maintained the top position in terms of shipment volume among domestic companies in China’s industrial robotics solutions market for several consecutive years. According to the same source, in the first half of 2025, the company achieved a historic breakthrough by surpassing foreign brands in the domestic market’s industrial robot shipment volume, becoming the first Chinese company to top...
Futu News, March 9th update,$ESTUN (02715.HK)$Announced the allocation results, with shares priced at HKD 15.36 each. A total of 96.78 million shares were issued, with each lot consisting of 200 shares. The company is officially listed today. In the previous trading session, Estun Automation’s grey market price closed down 7.55%, at HKD 14.2 per share, with a turnover of HKD 7.4392 million. Each lot consists of 200 shares, and without considering handling fees, investors lost HKD 232 per lot. During the public offering phase, Estun Automation received 19.67 times subscription. The final number of shares offered to the public was 9.678 million, accounting for approximately 10% of the total offering. A total of about 27,200 valid applications were received, with around 6,799 processed applications. The approximate allocation rate for one lot compared to the total applied shares was 4.99%. In addition, during the international placement phase, Estun Automation received 3.34 times subscription. The final number of international placement shares was 87.102 million, equivalent to 90% of the total offering. Futu Information compiled relevant data as shown in the table below: Company Overview Estun Automation is a leading enterprise in China's industrial robotics sector. According to Frost & Sullivan, the company has maintained the top position in terms of shipment volume among domestic companies in China’s industrial robotics solutions market for several consecutive years. According to the same source, in the first half of 2025, the company achieved a historic breakthrough by surpassing foreign brands in the domestic market’s industrial robot shipment volume, becoming the first Chinese company to top...
Company Overview
Estun is a leading enterprise in China’s industrial robotics sector. According to Frost & Sullivan, the company has consistently ranked first among domestic firms in terms of industrial robot shipments in the Chinese market for industrial robot solutions over multiple years. Based on data from the same source, Estun achieved a historic breakthrough in the first half of 2025 by surpassing foreign brands in domestic industrial robot shipments, becoming the first domestic robotics company to top the Chinese market for industrial robot solutions.
The company possesses full industrial chain self-research and production capabilities from 'core components + complete robot systems + solutions.' Its main products include industrial robots, intelligent manufacturing systems, automation core components, and motion control systems. Through strategic global acquisitions and self-developed core technologies, Estun has established a competitive edge in the industrial robotics sector characterized by a multi-brand matrix synergy, comprehensive application scenario coverage, and extensive global market penetration. As of September 30, 2025, the company operates 75 service centers globally and runs seven manufacturing bases across major domestic and international markets. With localized teams responding efficiently to customer needs and a globalized layout ensuring consistent quality and cost-effectiveness, its products and services are applied across a worldwide client network.
Financial Overview
During the historical performance period, Estun's revenue for the years 2022, 2023, 2024, as well as the first nine months of 2024 and 2025, reached RMB 3,880.8 million, RMB 4,651.9 million, RMB 4,008.8 million, RMB 3,370.3 million, and RMB 3,803.6 million, respectively. During the same periods, the company’s gross profit amounted to RMB 1,276.2 million, RMB 1,455.1 million, RMB 1,134.0 million, RMB 1,006.2 million, and RMB 1,070.7 million, respectively.
Source: Prospectus
Source: Prospectus
Use of Proceeds
In terms of funding purposes, Estun expects the net proceeds from the global offering to be approximately HKD 1.411 billion (based on an offer price of HKD 15.36). According to the prospectus, Estun plans to allocate the proceeds from the global offering for the following purposes:
Approximately 25% will be used to expand the company's global production capacity; around 25% will be allocated to selectively pursue strategic alliances, investments, and acquisition opportunities along the upstream and downstream of the global industrial chain; about 20% will be invested in research and development projects to advance next-generation industrial robotics technology, aiming to consolidate the company’s market leadership; roughly 10% will go towards enhancing the company’s global service capabilities and developing organization-wide digital management systems to increase global brand recognition and strengthen the company’s core competitiveness in international markets; around 10% will be utilized to partially repay existing loans; and approximately 10% will be designated for working capital and general corporate purposes.
The golden season for subscribing to new stocks has arrived! Use Futu to subscribe to new stocks with 0 interest, 0 handling fees, and 0 cash subscription. Participate now for a chance to waive new stock subscription fees for one year!Come and experience it now >>
Futu News, March 9th update,$ESTUN (02715.HK)$Announced the allocation results, with shares priced at HKD 15.36 each. A total of 96.78 million shares were issued, with each lot consisting of 200 shares. The company is officially listed today. In the previous trading session, Estun Automation’s grey market price closed down 7.55%, at HKD 14.2 per share, with a turnover of HKD 7.4392 million. Each lot consists of 200 shares, and without considering handling fees, investors lost HKD 232 per lot. During the public offering phase, Estun Automation received 19.67 times subscription. The final number of shares offered to the public was 9.678 million, accounting for approximately 10% of the total offering. A total of about 27,200 valid applications were received, with around 6,799 processed applications. The approximate allocation rate for one lot compared to the total applied shares was 4.99%. In addition, during the international placement phase, Estun Automation received 3.34 times subscription. The final number of international placement shares was 87.102 million, equivalent to 90% of the total offering. Futu Information compiled relevant data as shown in the table below: Company Overview Estun Automation is a leading enterprise in China's industrial robotics sector. According to Frost & Sullivan, the company has maintained the top position in terms of shipment volume among domestic companies in China’s industrial robotics solutions market for several consecutive years. According to the same source, in the first half of 2025, the company achieved a historic breakthrough by surpassing foreign brands in the domestic market’s industrial robot shipment volume, becoming the first Chinese company to top...
Editor/Vincent
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
Thumbs Up
3
133K Views
Report
Comments
Write a Comment...
3
9