English
Back
Open Account
Approximately 80% of new listings are expected to rise on their debut in 2026; how will subsequent p
牛牛新股君
joined discussion · Sep 9 07:54

IPO Pricing | UDI Robotics lists today, oversubscribed 140.02x; priced at HK$14.45 per share, with an estimated profit of HK$3,050 per lot

Futu News, September 9:$EXCELLAND ROBOT (03231.HK)$Announced allocation results: priced at HK$14.45 per share, with a total issuance of 45 million shares. Each lot consists of 200 shares, and the stock officially listed today.
On the previous trading day, UDI Robotics closed up 105.54% in the grey market at HK$29.7 per share. With a lot size of 200 shares, each lot generated a profit of HK$3,050, excluding commissions.
During the public offering phase, UDI Robotics was oversubscribed by 140.02 times. The final number of shares offered publicly was 2.7818 million, accounting for approximately 6.18% of the total offer shares. A total of approximately 27,933 valid applications were received, with about 7,239 applications accepted. The allocation rate for one-lot applications was approximately 24.5% of the total shares applied for.
Additionally, during the international placement phase, UDI Robotics was subscribed 0.99 times. The final number of internationally placed shares was 42.2182 million, equivalent to 93.82% of the total offer shares. Futu has compiled the relevant data in the table below:
Futu News, September 9:$EXCELLAND ROBOT (03231.HK)$Announced allocation results: priced at HK$14.45 per share, with a total issuance of 45 million shares. Each lot consists of 200 shares, and the stock officially listed today. In the previous trading session, UDI Robotics' grey market closing price rose 105.54% to HK$29.7. With 200 shares per lot, the profit per lot was HK$3,050, excluding fees. During the public offering phase, UDI Robotics was oversubscribed 140.02 times. The final number of shares offered in the public tranche was 2.7818 million, accounting for approximately 6.18% of the total offer shares. A total of approximately 27,933 valid applications were received, with about 7,239 applications accepted. The approximate percentage of allocated shares for one-lot applicants relative to their total applied shares was 24.5%. Additionally, during the international placement phase, UDI Robotics was subscribed 0.99 times. The final number of shares in the international tranche was 42.2182 million, equivalent to 93.82% of the total offer shares. Futu has compiled the relevant data in the table below: Company Overview UDI Robotics has established a comprehensive technical framework covering vision models, robotic decision-making and planning, multi-sensor fusion, localization and navigation, chassis and motion control, robotic domain control systems, cloud-based Vision Language Models ("VLM"), a cloud data closed-loop platform, and a cloud IoT device ecosystem. These core technologies are adopted through application technologies...
Futu News, September 9:$EXCELLAND ROBOT (03231.HK)$Announced allocation results: priced at HK$14.45 per share, with a total issuance of 45 million shares. Each lot consists of 200 shares, and the stock officially listed today. In the previous trading session, UDI Robotics' grey market closing price rose 105.54% to HK$29.7. With 200 shares per lot, the profit per lot was HK$3,050, excluding fees. During the public offering phase, UDI Robotics was oversubscribed 140.02 times. The final number of shares offered in the public tranche was 2.7818 million, accounting for approximately 6.18% of the total offer shares. A total of approximately 27,933 valid applications were received, with about 7,239 applications accepted. The approximate percentage of allocated shares for one-lot applicants relative to their total applied shares was 24.5%. Additionally, during the international placement phase, UDI Robotics was subscribed 0.99 times. The final number of shares in the international tranche was 42.2182 million, equivalent to 93.82% of the total offer shares. Futu has compiled the relevant data in the table below: Company Overview UDI Robotics has established a comprehensive technical framework covering vision models, robotic decision-making and planning, multi-sensor fusion, localization and navigation, chassis and motion control, robotic domain control systems, cloud-based Vision Language Models ("VLM"), a cloud data closed-loop platform, and a cloud IoT device ecosystem. These core technologies are adopted through application technologies...
Company Overview
UDI Robotics has established a comprehensive technical framework covering vision models, robot decision-making and planning, multi-sensor fusion, localization and navigation, chassis and motion control, domain-specific robot control systems, cloud-based Vision Language Models ("VLM"), cloud data closed-loop platforms, and cloud IoT device ecosystems. These core technologies are applied through proprietary application technologies in the company's robotic products and AI vision model solutions, including cloud-based O&M, wheeled robot applications, wheel-arm robots and robotic arm applications, as well as the deployment of AI vision models in non-robotics industries.
Source: Prospectus
Source: Prospectus
In the field of robotics and automation, the company primarily commercializes its core and application technologies through robotic products, robotic modules, and Robotics-as-a-Service (RaaS) and leasing arrangements. Through continuous R&D and ongoing product iterations, the company has expanded its robotics product portfolio to cover various service scenarios.
Financial Overview
Uboti Robotics' total revenue increased from RMB 243.8 million in FY2023 to RMB 267.1 million in FY2024, and further to RMB 317.7 million in FY2025. The company's net loss also narrowed from RMB 251.2 million in FY2023 to RMB 151.4 million in FY2024, and further improved to RMB 110.8 million in FY2025.
Gross profits for FY2023, FY2024, FY2025, the first three months of 2025, and the first three months of 2026 were RMB 16.9 million, RMB 38.2 million, RMB 44.3 million, RMB 8.8 million, and RMB 8.6 million, respectively.
Source: Prospectus
Source: Prospectus
Use of Proceeds
Regarding the use of proceeds, Uboti Robotics expects net proceeds from the global offering to be approximately HK$686 million (calculated based on the mid-point of the offer price of HK$17, assuming the over-allotment option is not exercised). According to the prospectus, Uboti Robotics intends to use the funds raised from the global offering for the following purposes:
Approximately 48.5% will be used to further enhance the company's R&D capabilities; approximately 30% will be used for business expansion and strategic acquisitions, directly supporting the company's strategy to expand its influence in overseas markets; approximately 7% will be used to strengthen the company's sales and marketing capabilities; approximately 4.5% will be used to repay certain bank loans; and approximately 10% will be used for working capital and other general corporate purposes.
The golden season for subscribing to new stocks is here! Subscribe via Futu with 0% interest, 0 fees, and 0 cash deposit required. Participate in the current promotion for a chance to waive your new stock subscription fees for 1 year,Come try it out now >>
Futu News, September 9:$EXCELLAND ROBOT (03231.HK)$Announced allocation results: priced at HK$14.45 per share, with a total issuance of 45 million shares. Each lot consists of 200 shares, and the stock officially listed today. In the previous trading session, UDI Robotics' grey market closing price rose 105.54% to HK$29.7. With 200 shares per lot, the profit per lot was HK$3,050, excluding fees. During the public offering phase, UDI Robotics was oversubscribed 140.02 times. The final number of shares offered in the public tranche was 2.7818 million, accounting for approximately 6.18% of the total offer shares. A total of approximately 27,933 valid applications were received, with about 7,239 applications accepted. The approximate percentage of allocated shares for one-lot applicants relative to their total applied shares was 24.5%. Additionally, during the international placement phase, UDI Robotics was subscribed 0.99 times. The final number of shares in the international tranche was 42.2182 million, equivalent to 93.82% of the total offer shares. Futu has compiled the relevant data in the table below: Company Overview UDI Robotics has established a comprehensive technical framework covering vision models, robotic decision-making and planning, multi-sensor fusion, localization and navigation, chassis and motion control, robotic domain control systems, cloud-based Vision Language Models ("VLM"), a cloud data closed-loop platform, and a cloud IoT device ecosystem. These core technologies are adopted through application technologies...
Edited by 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
5
40K Views
Report
Comment (1)
Write a Comment...
1
5
20