HK IPOAI

NEAUTUS

02206Open

醫療健康 · 公司研发、生产及销售中药饮片,包括毒性饮片与无毒饮片,产品主要供应医院及医疗机构、医药贸易公司、药店和制药企业,用于中医临床处方调配与零售场景。

NEAUTUS (02206) is a open Hong Kong IPO. This page brings together the offer price, entry fee, subscription timeline, grey-market context, allotment data and stage-based reference research in one place.

Offer price
HK$40.20 – 50.55
Lot / entry fee
50 shares · HK$3K
One-lot win rate
15.5%

Predicted

Proceeds
HK$329.4M
Public oversub.
—

Sponsor GF Capital / ABCI Capital

  1. Offer starts Oct 30
  2. /Offer closes Nov 6Now
  3. /Grey market Nov 10
  4. /Listing Nov 11
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SubscriptionNEAUTUS: subscription-stage reference

The subscription stage draws on the prospectus, sponsor record and early public filings. Allotment results and grey-market prints have not occurred yet.

Current
Reference rating
Cautious
Reference score
53.9
Forecast grey range
-10.2% – +57.9%

Data updated · Oct 30, 2026, 18:41 HKT

View factors and research
Model forecastGrey-market trendHigh cautionUp probability 17.6%
Covered 11/18 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
Weak heat
Offer size
Good quality
Cornerstone lockup
—
Post-lockup offer value
—
Recent same-rule trend
Poor trend
Recent same-type trend
Neutral trend
Recent sector trend
Positive trend
Valuation
Average appeal
Fundamental quality
Average quality
Growth quality
Weak quality
Profitability
Good quality
Cash runway
—
Customer concentration
—
Cornerstone quality
—
Sponsor record
Strong record
Greenshoe arrangementNo greenshoe
Stabilizer track record
—
A-share subscription-period trend
—

The assessment and probability ranges are informational only and are not investment advice.

AI Research Report

Subscription
The analysis report for this IPO is being generated.

Pre-greyNEAUTUS: pre-grey-market reference

The pre-grey stage includes published allotment and public oversubscription data. Grey-market prints are not yet reflected here.

Pending
Reference rating
Cautious
Reference score
53.9
Forecast grey range
-9.0% – +65.9%

Post-greyNEAUTUS: post-grey-market reference

The post-grey stage includes grey-market price and turnover observations. Listing-day results still follow official trading and company announcements.

Pending
Reference rating
Cautious
Reference score
53.9
Forecast first-day range
-9.0% – +65.9%

This IPO has not listed yet. The current score is a stage-based estimate, may still be incomplete or inaccurate, and will adjust as allocation, grey-market, and listing data become available.

Grey-market quotes have not started. After the grey-market date, this page will compile publicly sourced price observations. Grey-market date Nov 10

NEAUTUS: predicted allotment

Data updated · Oct 30, 2026, 18:42 HKT

Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.

1 lot
15.5%

Predicted

A tail · Apply 1,800 lots
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Predicted

B head · Apply 2,000 lots
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Predicted

Top hammer
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Predicted

Most likely allotment pattern:Larger Pool A applications get less extra allotment;Pool B allotment is similar across tiersView full allotment-odds research

How to read this page

These answers combine this IPO’s published figures with clearly labeled model estimates. They explain how to read the modules above and are not investment advice.

What is the one-lot allotment rate for NEAUTUS?

The IPO is still in its offer period, so there is no official one-lot rate yet. This site's current model estimate is about 15.5%; the company allotment announcement is final.

What is the difference between A-tail and B-head for NEAUTUS?

Based on the prospectus's legal application tiers, A-tail is 1,800 lots and B-head is 2,000 lots, representing about HK$4.5M and HK$5.1M of application principal. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.

Can the grey-market price of NEAUTUS be treated as the listing price?

Grey-market trading is dated Nov 10. Before that session there is no print to cite. Even after quotes appear, they are not the official listing price.

Why does NEAUTUS have three reference ratings?

The current status is "Open", so start with the subscription section. Subscription, pre-grey and post-grey each use only the public information available at that point, so the score can change. Labels are high attention / neutral / caution only — informational comparison, not a buy or subscribe call.