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2026 IPO bonanza! Over 90% of new stocks rose on their debut!
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joined discussion · Mar 24 07:43

IPO Pricing | Kaler Technology goes public today, over 2100x subscribed, priced at HKD 16.66 per share, with a profit of HKD 2772 per lot in the grey market

Futu Information reported on March 24,$GALAXIS TECH (02729.HK)$Announced the allocation results, priced at HKD 16.66 per share, issuing a total of 36,798,000 shares, with each lot consisting of 200 shares, officially listed today.
On the previous trading day, Kailaisi Technology's grey market closed up 83.19% at HKD 30.52. With each lot consisting of 200 shares, excluding handling fees, one lot yielded a profit of HKD 2,772.
During the public offering phase, Kailaisi Technology received subscriptions amounting to 2,153.26 times the offering size. The final number of shares allocated for public offering was 3.6798 million shares, representing approximately 10% of the total shares offered. A total of approximately 107,253 valid applications were received, with around 17,382 accepted applications. The percentage of applied-for shares allocated per one-lot subscription was approximately 5% of the total shares applied for.
Additionally, during the international placement phase, Kailaisi Technology received 3.37 times subscription coverage. The final number of shares allocated in the international offering was 33.1182 million shares, equivalent to 90% of the total shares offered. Futu Information has compiled the relevant data in the table below.
Futu Information reported on March 24,$GALAXIS TECH (02729.HK)$Announced the allocation results, priced at HKD 16.66 per share, issuing a total of 36,798,000 shares, with each lot consisting of 200 shares, officially listed today. In the previous trading session, Kaler Technology's grey market price closed up 83.19%, at HKD 30.52 per share, with each lot consisting of 200 shares. Without considering handling fees, a profit of HKD 2772 was made per lot. During the public offering phase, Kaler Technology received 2153.26x subscription, with the final number of publicly offered shares being 3,679,800, accounting for approximately 10% of the total offering shares. A total of around 107,253 valid applications were received, with about 17,382 processed applications, and the percentage allocation for one-lot subscriptions accounted for roughly 5% of the total applied shares. Moreover, during the international placement phase, Kaler Technology received 3.37x subscription, with the final number of internationally placed shares being 33,118,200, equivalent to 90% of the total offering shares. Futu Information has compiled the relevant data in the table below: Company Overview The company is a comprehensive intelligent intra-logistics robotics provider, offering a wide range of robotic products primarily under three core product lines: Multi-Shuttle Robots (MSR), Autonomous Mobile Robots (AMR), and Conveyor Sorting Robots (CSR). The company's portfolio of robotic products possesses core functions of storage, sorting, and transportation, covering the entire intra-logistics...
Futu Information reported on March 24,$GALAXIS TECH (02729.HK)$Announced the allocation results, priced at HKD 16.66 per share, issuing a total of 36,798,000 shares, with each lot consisting of 200 shares, officially listed today. In the previous trading session, Kaler Technology's grey market price closed up 83.19%, at HKD 30.52 per share, with each lot consisting of 200 shares. Without considering handling fees, a profit of HKD 2772 was made per lot. During the public offering phase, Kaler Technology received 2153.26x subscription, with the final number of publicly offered shares being 3,679,800, accounting for approximately 10% of the total offering shares. A total of around 107,253 valid applications were received, with about 17,382 processed applications, and the percentage allocation for one-lot subscriptions accounted for roughly 5% of the total applied shares. Moreover, during the international placement phase, Kaler Technology received 3.37x subscription, with the final number of internationally placed shares being 33,118,200, equivalent to 90% of the total offering shares. Futu Information has compiled the relevant data in the table below: Company Overview The company is a comprehensive intelligent intra-logistics robotics provider, offering a wide range of robotic products primarily under three core product lines: Multi-Shuttle Robots (MSR), Autonomous Mobile Robots (AMR), and Conveyor Sorting Robots (CSR). The company's portfolio of robotic products possesses core functions of storage, sorting, and transportation, covering the entire intra-logistics...
Futu Information reported on March 24,$GALAXIS TECH (02729.HK)$Announced the allocation results, priced at HKD 16.66 per share, issuing a total of 36,798,000 shares, with each lot consisting of 200 shares, officially listed today. In the previous trading session, Kaler Technology's grey market price closed up 83.19%, at HKD 30.52 per share, with each lot consisting of 200 shares. Without considering handling fees, a profit of HKD 2772 was made per lot. During the public offering phase, Kaler Technology received 2153.26x subscription, with the final number of publicly offered shares being 3,679,800, accounting for approximately 10% of the total offering shares. A total of around 107,253 valid applications were received, with about 17,382 processed applications, and the percentage allocation for one-lot subscriptions accounted for roughly 5% of the total applied shares. Moreover, during the international placement phase, Kaler Technology received 3.37x subscription, with the final number of internationally placed shares being 33,118,200, equivalent to 90% of the total offering shares. Futu Information has compiled the relevant data in the table below: Company Overview The company is a comprehensive intelligent intra-logistics robotics provider, offering a wide range of robotic products primarily under three core product lines: Multi-Shuttle Robots (MSR), Autonomous Mobile Robots (AMR), and Conveyor Sorting Robots (CSR). The company's portfolio of robotic products possesses core functions of storage, sorting, and transportation, covering the entire intra-logistics...
Futu Information reported on March 24,$GALAXIS TECH (02729.HK)$Announced the allocation results, priced at HKD 16.66 per share, issuing a total of 36,798,000 shares, with each lot consisting of 200 shares, officially listed today. In the previous trading session, Kaler Technology's grey market price closed up 83.19%, at HKD 30.52 per share, with each lot consisting of 200 shares. Without considering handling fees, a profit of HKD 2772 was made per lot. During the public offering phase, Kaler Technology received 2153.26x subscription, with the final number of publicly offered shares being 3,679,800, accounting for approximately 10% of the total offering shares. A total of around 107,253 valid applications were received, with about 17,382 processed applications, and the percentage allocation for one-lot subscriptions accounted for roughly 5% of the total applied shares. Moreover, during the international placement phase, Kaler Technology received 3.37x subscription, with the final number of internationally placed shares being 33,118,200, equivalent to 90% of the total offering shares. Futu Information has compiled the relevant data in the table below: Company Overview The company is a comprehensive intelligent intra-logistics robotics provider, offering a wide range of robotic products primarily under three core product lines: Multi-Shuttle Robots (MSR), Autonomous Mobile Robots (AMR), and Conveyor Sorting Robots (CSR). The company's portfolio of robotic products possesses core functions of storage, sorting, and transportation, covering the entire intra-logistics...
Company Overview
The company is a comprehensive intelligent intralogistics robotics provider, offering a wide range of robotic products primarily across three core product lines: Multishuttle Robots (MSR), Autonomous Mobile Robots (AMR), and Conveyor Sorting Robots (CSR). The company's portfolio of robotic products features core functionalities such as access, sorting, and handling, covering the entire scope of intralogistics operations.
The company is one of the established players in the intelligent intralogistics robotics industry, possessing extensive robotic technology capabilities and a diversified portfolio of self-developed robotic products, encompassing widely adopted height and payload specifications for core intralogistics functions. Over the past decade, the company has been committed to innovation in intralogistics automation. Based on 2024 revenue, the company ranks fifth among China’s top five comprehensive intelligent intralogistics robotics companies, with a market share of 1.6%.
Financial Overview
The company's revenue increased from RMB 656.9 million in 2022 to RMB 721.4 million in 2024, while gross profit grew from RMB 103.4 million in 2022 to RMB 113.6 million in 2024. Additionally, the company's revenue surged significantly from RMB 344.2 million for the nine months ended September 30, 2024, to RMB 551.6 million for the same period in 2025, with gross profit increasing from RMB 60.2 million to RMB 91.4 million.
The gross profit margin of the company for the years 2022, 2023, and 2024, as well as for the nine months ended September 30, 2024, and 2025, reached 15.7%, 16.6%, 15.7%, 17.5%, and 16.6%, respectively.
Futu Information reported on March 24,$GALAXIS TECH (02729.HK)$Announced the allocation results, priced at HKD 16.66 per share, issuing a total of 36,798,000 shares, with each lot consisting of 200 shares, officially listed today. In the previous trading session, Kaler Technology's grey market price closed up 83.19%, at HKD 30.52 per share, with each lot consisting of 200 shares. Without considering handling fees, a profit of HKD 2772 was made per lot. During the public offering phase, Kaler Technology received 2153.26x subscription, with the final number of publicly offered shares being 3,679,800, accounting for approximately 10% of the total offering shares. A total of around 107,253 valid applications were received, with about 17,382 processed applications, and the percentage allocation for one-lot subscriptions accounted for roughly 5% of the total applied shares. Moreover, during the international placement phase, Kaler Technology received 3.37x subscription, with the final number of internationally placed shares being 33,118,200, equivalent to 90% of the total offering shares. Futu Information has compiled the relevant data in the table below: Company Overview The company is a comprehensive intelligent intra-logistics robotics provider, offering a wide range of robotic products primarily under three core product lines: Multi-Shuttle Robots (MSR), Autonomous Mobile Robots (AMR), and Conveyor Sorting Robots (CSR). The company's portfolio of robotic products possesses core functions of storage, sorting, and transportation, covering the entire intra-logistics...
Use of Proceeds
In terms of use of proceeds, Kailaisi Technology expects to receive net proceeds of approximately HKD 617 million from the global offering (based on an offer price of HKD 16.66). According to the prospectus, Kailaisi Technology intends to allocate the proceeds from the global offering as follows:
Approximately 24.5% will be used over the next six years to advance the company's core robotics product lines (e.g., improving existing products and developing new ones) to strengthen its market position, expand the range of solution services, and reinforce its leadership in the intralogistics robotics field. About 20.5% will be allocated to the research and development of the company’s underlying technologies (e.g., digital twin technology, large model technology, and AI-integrated robotics) and software capability development to enhance its technological capabilities and improve product performance, enabling the company to provide smarter and more efficient solutions to customers.
Approximately 25.0% will be used to expand production capacity and enhance manufacturing capabilities (e.g., scaling up manufacturing capabilities and upgrading the company’s production systems). About 20.0% will be used to support the company’s market development initiatives, including selective overseas business expansion, aiming to enhance brand recognition and improve the company’s ability to serve multinational clients. Approximately 10.0% will be allocated to working capital and other general corporate purposes to support daily operations and overall business growth.
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Futu Information reported on March 24,$GALAXIS TECH (02729.HK)$Announced the allocation results, priced at HKD 16.66 per share, issuing a total of 36,798,000 shares, with each lot consisting of 200 shares, officially listed today. In the previous trading session, Kaler Technology's grey market price closed up 83.19%, at HKD 30.52 per share, with each lot consisting of 200 shares. Without considering handling fees, a profit of HKD 2772 was made per lot. During the public offering phase, Kaler Technology received 2153.26x subscription, with the final number of publicly offered shares being 3,679,800, accounting for approximately 10% of the total offering shares. A total of around 107,253 valid applications were received, with about 17,382 processed applications, and the percentage allocation for one-lot subscriptions accounted for roughly 5% of the total applied shares. Moreover, during the international placement phase, Kaler Technology received 3.37x subscription, with the final number of internationally placed shares being 33,118,200, equivalent to 90% of the total offering shares. Futu Information has compiled the relevant data in the table below: Company Overview The company is a comprehensive intelligent intra-logistics robotics provider, offering a wide range of robotic products primarily under three core product lines: Multi-Shuttle Robots (MSR), Autonomous Mobile Robots (AMR), and Conveyor Sorting Robots (CSR). The company's portfolio of robotic products possesses core functions of storage, sorting, and transportation, covering the entire intra-logistics...
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
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