Last updated 18:35:03
HK$13.90
-9.51%
- Listing price
- HK$15.36
- Open
- —
- High
- —
- Low
- —
- Bid / Ask
- — / —
- Volume
- —
Turnover —View source
ESTUN
02715A+HListed人工智能/機器人 · 埃斯顿是一家中国领先的工业机器人公司，提供工业机器人及智能制造系统、核心自动化部件及运动控制系统。
ESTUN (埃斯頓) (02715) 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$15.36
- Final offer price
- HK$15.36
- One-lot win rate
- 5.0%
- Proceeds
- HK$1.49B
- Public oversub.
- 19.7x
Predicted 15.4%
Lot / entry fee 200 shares · HK$3K · Sponsor Huatai Financial
- Offer starts Feb 27
- /Offer closes Mar 4
- /Grey market Mar 6
- /Listing Mar 9Now
SubscriptionESTUN: 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
- Cautious
- Reference score
- 56.8
- Forecast grey range
- -0.1% – +25.0%
Pre-greyESTUN: 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
- Cautious
- Reference score
- 59.6
- Forecast grey range
- +2.4% – +27.7%
Post-greyESTUN: 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
- Cautious
- Reference score
- 56.7
- Forecast first-day range
- -8.3% – +2.0%
View factors and research
Model forecastListing-day trendCautiousUp probability 42.7%
Published outcome check
First-day resultDown-16.0%
Our call: Trend call valid
Covered 22/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
Weak heatOffer size
Weaker qualityCornerstone lockup
Average supportPost-lockup offer value
Medium scarcityRecent same-rule trend
Positive trendRecent same-type trend
Weak trendRecent sector trend
Strong trendValuation
Weak appealFundamental quality
Average qualityGrowth quality
Weak qualityProfitability
Weaker qualityCash runway
—Customer concentration
—Cornerstone quality
Strong supportSponsor record
Strong recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track recordHuatai Financial
Average recordA-share pre-grey trend
Positive trendA-share listing-day trend
Positive trendPublic oversubscription
Weak heatOne-lot win rate
Good heatInternational placing
High heatFinal pricing position
—Actual greenshoe useCumulative use +100.0%
Low supportGrey market return
Poor trendThe assessment and probability ranges are informational only and are not investment advice.
AI Research Report
Post-greyThe analysis report for this IPO is being generated.
ESTUN: grey-market trend
ESTUN: predicted allotment
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 15.4%
- A tail · Apply 1,500 lots
- 56.39 lots
- B head · Apply 2,000 lots
- 75.1 lots
- Top hammer
- 871.52 lots
Official 5.0%
Official 81.39 lots
Official 108.5 lots
Official 1,313 lots
Most likely allotment pattern：Pool A is closer to allotment by application size；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 ESTUN?
Public allotment filings put the official one-lot rate at 5.0%, versus this site's pre-allotment model estimate of 15.4%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for ESTUN?
Based on the prospectus's legal application tiers, A-tail is 1,500 lots and B-head is 2,000 lots, representing about HK$4.6M and HK$6.1M of application principal. Official average allotment was 81.39 lots and 108.5 lots, versus pre-allotment model estimates of 56.39 lots and 75.1 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of ESTUN be treated as the listing price?
The compiled grey-market observation is about -8.8%, versus -16.0% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does ESTUN 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.