Last updated 18:35:08
HK$14.05
+27.84%
- Listing price
- HK$10.99
- Open
- —
- High
- —
- Low
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- Bid / Ask
- — / —
- Volume
- —
Turnover —View source
CHUANGXIN IND
02788Listed工業製造 · 主要从事电解铝及氧化铝的生产与销售，并构建了覆盖能源、氧化铝精炼和铝冶炼的一体化产业链。
CHUANGXIN IND (創新實業) (02788) 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$10.99
- Final offer price
- HK$10.99
- One-lot win rate
- 10.0%
- Proceeds
- HK$5.50B
- Public oversub.
- 447.2x
Predicted 0.4%
Lot / entry fee 500 shares · HK$6K · Sponsor CICC / Huatai Financial
- Offer starts Nov 14
- /Offer closes Nov 19
- /Grey market Nov 21
- /Listing Nov 24Now
SubscriptionCHUANGXIN IND: 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
- Neutral
- Reference score
- 69.3
- Forecast grey range
- +9.2% – +99.3%
Pre-greyCHUANGXIN IND: 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
- Neutral
- Reference score
- 72.6
- Forecast grey range
- +6.8% – +95.0%
Post-greyCHUANGXIN IND: 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
- 77
- Forecast first-day range
- +13.4% – +56.1%
View factors and research
Model forecastListing-day trendPositiveUp probability 92.5%
Published outcome check
First-day resultBig up+32.8%
Our call: Trend call valid
Covered 19/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
High heatOffer size
Weak qualityCornerstone lockup
Strong supportPost-lockup offer value
Weak scarcityRecent same-rule trend
Positive trendRecent same-type trend
Strong trendRecent sector trend
—Valuation
Weak appealFundamental quality
Average qualityGrowth quality
Average qualityProfitability
Weaker qualityCash runway
—Customer concentration
—Cornerstone quality
Strong supportSponsor record
Strong recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track recordCICC
Strong recordA-share pre-grey trend
—A-share listing-day trend
—Public oversubscription
High heatOne-lot win rate
Medium heatInternational placing
High heatFinal pricing position
—Actual greenshoe useCumulative use 0.0%
Good supportGrey market return
Strong 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.
CHUANGXIN IND: grey-market trend
CHUANGXIN IND: predicted allotment
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 0.4%
- A tail · Apply 800 lots
- 2.02 lots
- B head · Apply 1,000 lots
- 1.23 lots
- Top hammer
- 61.63 lots
Official 10.0%
Official 2.48 lots
Official 3 lots
Official 20 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 CHUANGXIN IND?
Public allotment filings put the official one-lot rate at 10.0%, versus this site's pre-allotment model estimate of 0.4%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for CHUANGXIN IND?
Based on the prospectus's legal application tiers, A-tail is 800 lots and B-head is 1,000 lots, representing about HK$4.4M and HK$5.5M of application principal. Official average allotment was 2.48 lots and 3 lots, versus pre-allotment model estimates of 2.02 lots and 1.23 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of CHUANGXIN IND be treated as the listing price?
The compiled grey-market observation is about +29.2%, versus +32.8% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does CHUANGXIN IND 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.