HK IPOAI

LEMO SERVICES

02539Listed

消費 · 该公司是中国领先的机械按摩服务提供商,在公共场所部署按摩设备。

LEMO SERVICES (02539) is a listed 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$40.00
Final offer price
HK$40.00
One-lot win rate
0.8%

Predicted 1.0%

Proceeds
HK$222.2M
Public oversub.
7324.3x

Lot / entry fee 100 shares · HK$4K · Sponsor China Securities International / Shenwan Hongyuan

  1. Offer starts Nov 25
  2. /Offer closes Nov 28
  3. /Grey market Dec 2
  4. /Listing Dec 3Now

SubscriptionLEMO SERVICES: 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.

Earlier stage
Reference rating
High attention
Reference score
80
Forecast grey range
0.0% – +127.1%

Pre-greyLEMO SERVICES: pre-grey-market reference

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

Earlier stage
Reference rating
High attention
Reference score
83.1
Forecast grey range
0.0% – +127.1%

Post-greyLEMO SERVICES: 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.

Current
Reference rating
High attention
Reference score
87.4
Forecast first-day range
+44.4% – +118.7%

Data updated · Sep 22, 2026, 12:02 HKT

View factors and research
Model forecastListing-day trendStrong positiveUp probability 98.0%
Published outcome check
First-day resultBig up+36.3%
Our call: Trend call valid
Covered 15/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
High heat
Offer size
Good quality
Cornerstone lockup
—
Post-lockup offer value
—
Recent same-rule trend
Positive trend
Recent same-type trend
Strong trend
Recent sector trend
Strong trend
Valuation
Average appeal
Fundamental quality
Good quality
Growth quality
High quality
Profitability
Average quality
Cash runway
—
Customer concentration
—
Cornerstone quality
—
Sponsor record
Strong record
Greenshoe arrangementNo greenshoe
Stabilizer track record
—
A-share pre-grey trend
—
A-share listing-day trend
—
Public oversubscription
High heat
One-lot win rate
High heat
International placing
High heat
Final pricing position
—
Actual greenshoe use
—
Grey market return
Strong trend

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

AI Research Report

Post-grey
The analysis report for this IPO is being generated.

Last updated 18:35:03

HK$65.10
+62.75%
68.1152.5536.99HK$40.0016:1518:35
Listing price
HK$40.00
Open
—
High
—
Low
—
Bid / Ask
— / —
Volume
—
Turnover —View source

LEMO SERVICES: predicted allotment

Data updated · Sep 22, 2026, 14:40 HKT

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

1 lot
1.0%

Predicted

Official
0.8%
A tail · Apply 1,200 lots
0.14 lots

Predicted

Official
0.07 lots
B head · Apply 1,400 lots
0.12 lots

Predicted

Official
0.14 lots
Top hammer
0.2 lots

Predicted

Official
0.27 lots
Most likely allotment pattern:Larger Pool A applications get less extra allotment;Pool B allotment declines gradually with sizeView 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 LEMO SERVICES?

Public allotment filings put the official one-lot rate at 0.8%, versus this site's pre-allotment model estimate of 1.0%. It is an observation for a 1-lot application, not a guaranteed result.

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

Based on the prospectus's legal application tiers, A-tail is 1,200 lots and B-head is 1,400 lots, representing about HK$4.8M and HK$5.6M of application principal. Official average allotment was 0.07 lots and 0.14 lots, versus pre-allotment model estimates of 0.14 lots and 0.12 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.

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

The compiled grey-market observation is about +62.6%, versus +36.3% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.

Why does LEMO SERVICES have three reference ratings?

The current status is "Listed", so start with the post-grey 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.