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 07:52

IPO Pricing | Zhaowei Electromechanical debuts today with over 1500 times subscription, priced at HKD 71.28 per share, earning HKD 1282 per lot in the grey market

Futu News, March 9th update,$ZHAOWEI (02692.HK)$Announced the allocation results, with a per-share price of HKD 71.28, issuing a total of 26.7483 million shares, 100 shares per lot, officially listed today.
In the last trading session, Zhaowei Electromechanical closed up 17.99% on the grey market at HKD 84.1 per share, 100 shares per lot, excluding fees, earning HKD 1282 per lot.
During the public offering phase, Zhaowei Electromechanical received 1536.76 times subscription, with the final number of shares offered to the public being 2.6749 million shares, accounting for approximately 10% of the total shares issued. A total of approximately 180,300 valid applications were received, with about 23,940 accepted applications, and the percentage of shares allocated for one-lot subscriptions relative to the total shares applied was roughly 4%.
Moreover, during the international placement phase, Mega Motion received 13.4 times subscription, with the final number of international placement shares amounting to 24,073,400 shares, accounting for 90% of the total offering shares. Futu Information has compiled the relevant data in the table below:
Futu News, March 9th update,$ZHAOWEI (02692.HK)$Announced the allocation results, with a per-share price of HKD 71.28, issuing a total of 26.7483 million shares, 100 shares per lot, officially listed today. In the last trading session, Zhaowei Electromechanical closed up 17.99% on the grey market at HKD 84.1 per share, 100 shares per lot, excluding fees, earning HKD 1282 per lot. During the public offering phase, Zhaowei Electromechanical received 1536.76 times subscription, with the final number of shares offered to the public being 2.6749 million shares, accounting for approximately 10% of the total shares issued. A total of approximately 180,300 valid applications were received, with about 23,940 accepted applications, and the percentage of shares allocated for one-lot subscriptions relative to the total shares applied was roughly 4%. In addition, during the international placement phase, Zhaowei Electromechanical received 13.4 times subscription, with the final number of international placement shares being 24.0734 million shares, equivalent to 90% of the total shares issued. Futu Information has compiled the relevant data in the table below: Company Overview Zhaowei Electromechanical is the largest provider of integrated micro-drive and drive system products in China and the fourth largest globally (according to Frost & Sullivan's report), with market shares of 3.9% and 1.4%, respectively. According to Frost & Sullivan's report, the global integrated micro-drive and drive system market is highly fragmented. The company designs and manufactures micro...
Futu News, March 9th update,$ZHAOWEI (02692.HK)$Announced the allocation results, with a per-share price of HKD 71.28, issuing a total of 26.7483 million shares, 100 shares per lot, officially listed today. In the last trading session, Zhaowei Electromechanical closed up 17.99% on the grey market at HKD 84.1 per share, 100 shares per lot, excluding fees, earning HKD 1282 per lot. During the public offering phase, Zhaowei Electromechanical received 1536.76 times subscription, with the final number of shares offered to the public being 2.6749 million shares, accounting for approximately 10% of the total shares issued. A total of approximately 180,300 valid applications were received, with about 23,940 accepted applications, and the percentage of shares allocated for one-lot subscriptions relative to the total shares applied was roughly 4%. In addition, during the international placement phase, Zhaowei Electromechanical received 13.4 times subscription, with the final number of international placement shares being 24.0734 million shares, equivalent to 90% of the total shares issued. Futu Information has compiled the relevant data in the table below: Company Overview Zhaowei Electromechanical is the largest provider of integrated micro-drive and drive system products in China and the fourth largest globally (according to Frost & Sullivan's report), with market shares of 3.9% and 1.4%, respectively. According to Frost & Sullivan's report, the global integrated micro-drive and drive system market is highly fragmented. The company designs and manufactures micro...
Company Overview
Zhao Wei Electromechanical is the largest provider of integrated micro transmission and drive system products in China and the fourth largest globally (according to a Frost & Sullivan report), with market shares of 3.9% and 1.4%, respectively. According to the Frost & Sullivan report, the global integrated micro transmission and drive system market is highly fragmented. The company designs and manufactures micro transmission and drive system products as well as complementary components for these systems, primarily selling them to customers located in China, followed by overseas clients.
Zhao Wei Electromechanical's products are enabling breakthroughs in precision, efficiency, and control within these industries. In terms of product types, the company offers micro transmission and drive systems, precision components, and custom molds tailored to specific customer needs. Micro transmission and drive systems are highly integrated systems provided to customers, typically including: (1) a transmission system, which is the functional core of every product offered; and (2) micro motor systems and/or (3) electronic control systems, which are additional functional modules required by customers for each product. These three functional systems are combined into one unified system that converts and transmits power from the source to the actuator, enabling key functions such as power transmission, control, speed change, and steering.
Financial Overview
In 2022, 2023, and 2024, Zhao Wei Electromechanical’s revenue amounted to RMB 1,152.5 million, RMB 1,205.9 million, and RMB 1,524.6 million, respectively. For the nine months ended September 30, 2025, Zhao Wei Electromechanical’s revenue increased from RMB 1,057.5 million in the same period in 2024 to RMB 1,255.2 million. Additionally, Zhao Wei Electromechanical's net profits for 2022, 2023, 2024, the nine months ended September 30, 2024, and the nine months ended September 30, 2025 were RMB 150.5 million, RMB 179.9 million, RMB 225.4 million, RMB 159.2 million, and RMB 182.1 million, respectively.
Futu News, March 9th update,$ZHAOWEI (02692.HK)$Announced the allocation results, with a per-share price of HKD 71.28, issuing a total of 26.7483 million shares, 100 shares per lot, officially listed today. In the last trading session, Zhaowei Electromechanical closed up 17.99% on the grey market at HKD 84.1 per share, 100 shares per lot, excluding fees, earning HKD 1282 per lot. During the public offering phase, Zhaowei Electromechanical received 1536.76 times subscription, with the final number of shares offered to the public being 2.6749 million shares, accounting for approximately 10% of the total shares issued. A total of approximately 180,300 valid applications were received, with about 23,940 accepted applications, and the percentage of shares allocated for one-lot subscriptions relative to the total shares applied was roughly 4%. In addition, during the international placement phase, Zhaowei Electromechanical received 13.4 times subscription, with the final number of international placement shares being 24.0734 million shares, equivalent to 90% of the total shares issued. Futu Information has compiled the relevant data in the table below: Company Overview Zhaowei Electromechanical is the largest provider of integrated micro-drive and drive system products in China and the fourth largest globally (according to Frost & Sullivan's report), with market shares of 3.9% and 1.4%, respectively. According to Frost & Sullivan's report, the global integrated micro-drive and drive system market is highly fragmented. The company designs and manufactures micro...
Use of Proceeds
In terms of fundraising purposes, Mega Motion estimates that the net proceeds from the global offering will be approximately HKD 1.828 billion (based on an offer price of HKD 71.28). According to the prospectus, Mega Motion intends to use the proceeds from the global offering for the following purposes:
Approximately 35% will be used for global technology research and development and expansion of the product portfolio; around 30% will be allocated for expanding production capacity and improving production efficiency globally; about 15% will be utilized for pursuing global strategic cooperation, investments, and mergers and acquisitions; roughly 10% will go towards expanding the global service and sales network as well as increasing global marketing efforts; and another 10% will serve as working capital and for 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,$ZHAOWEI (02692.HK)$Announced the allocation results, with a per-share price of HKD 71.28, issuing a total of 26.7483 million shares, 100 shares per lot, officially listed today. In the last trading session, Zhaowei Electromechanical closed up 17.99% on the grey market at HKD 84.1 per share, 100 shares per lot, excluding fees, earning HKD 1282 per lot. During the public offering phase, Zhaowei Electromechanical received 1536.76 times subscription, with the final number of shares offered to the public being 2.6749 million shares, accounting for approximately 10% of the total shares issued. A total of approximately 180,300 valid applications were received, with about 23,940 accepted applications, and the percentage of shares allocated for one-lot subscriptions relative to the total shares applied was roughly 4%. In addition, during the international placement phase, Zhaowei Electromechanical received 13.4 times subscription, with the final number of international placement shares being 24.0734 million shares, equivalent to 90% of the total shares issued. Futu Information has compiled the relevant data in the table below: Company Overview Zhaowei Electromechanical is the largest provider of integrated micro-drive and drive system products in China and the fourth largest globally (according to Frost & Sullivan's report), with market shares of 3.9% and 1.4%, respectively. According to Frost & Sullivan's report, the global integrated micro-drive and drive system market is highly fragmented. The company designs and manufactures micro...
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
151K Views
Report
Comments
Write a Comment...
11