Last updated 18:15:04
HK$29.70
+105.54%
- Listing price
- HK$14.45
- Open
- HK$13.98
- High
- HK$30.28
- Low
- HK$13.01
- Bid / Ask
- HK$29.70 / HK$29.88
- Volume
- 1,928,200
Turnover 48,620,826View source
EXCELLAND ROBOT
0323118CListed人工智能/機器人 · 公司主要研发、设计、制造和部署AI驱动的商用服务机器人，并提供AI视觉模型解决方案，应用于酒店、办公楼、商场、校园和交通枢纽等场景，帮助客户提升运营效率。
EXCELLAND ROBOT (03231) 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$14.45 – 19.55
- Final offer price
- HK$14.45
- One-lot win rate
- 24.5%
- Proceeds
- HK$650.3M
- Public oversub.
- 140.0x
Predicted 19.4%
Lot / entry fee 200 shares · HK$3K · Sponsor Silver Nile Global Investments Limited
- Offer starts Aug 31
- /Offer closes Sep 4
- /Grey market Sep 8
- /Listing Sep 9Now
SubscriptionEXCELLAND ROBOT: 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
- 60.4
- Forecast grey range
- 0.0% – +109.4%
Pre-greyEXCELLAND ROBOT: 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
- 61.9
- Forecast grey range
- 0.0% – +101.3%
Post-greyEXCELLAND ROBOT: 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
- Neutral
- Reference score
- 71.9
- Forecast first-day range
- +80.1% – +156.7%
Data updated · Sep 22, 2026, 12:02 HKT
View factors and research
Model forecastListing-day trendNeutral-positiveUp probability 98.0%
Published outcome check
First-day resultBig up+153.8%Strong all day
Our call: Trend call valid
Covered 20/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
High heatOffer size
Good qualityCornerstone lockup
Low supportPost-lockup offer value
Medium scarcityRecent same-rule trend
Poor trendRecent same-type trend
Positive trendRecent sector trend
Strong trendValuation
Average appealFundamental quality
Weak qualityGrowth quality
Average qualityProfitability
Weak qualityCash runway
Weak qualityCustomer concentration
High riskCornerstone quality
Strong supportSponsor record
—Greenshoe arrangementNo greenshoe
Stabilizer track record
—A-share pre-grey trend
—A-share listing-day trend
—Public oversubscription
High heatOne-lot win rate
Weak heatInternational placing
Low heatFinal pricing position
Rich pricingActual greenshoe use
—Grey 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.
EXCELLAND ROBOT: grey-market trend
EXCELLAND ROBOT: 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
- 19.4%
- A tail · Apply 1,250 lots
- 7.24 lots
- B head · Apply 1,500 lots
- 40.7 lots
- Top hammer
- 72.38 lots
Predicted
Official
24.5%
Predicted
Official
0.34 lots
Predicted
Official
24.32 lots
Predicted
Official
24.67 lots
Most likely allotment pattern：Larger Pool A applications get less extra allotment；Pool B allotment falls more sharply 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 EXCELLAND ROBOT?
Public allotment filings put the official one-lot rate at 24.5%, versus this site's pre-allotment model estimate of 19.4%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for EXCELLAND ROBOT?
Based on the prospectus's legal application tiers, A-tail is 1,250 lots and B-head is 1,500 lots, representing about HK$3.6M and HK$4.3M of application principal. Official average allotment was 0.34 lots and 24.32 lots, versus pre-allotment model estimates of 7.24 lots and 40.7 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of EXCELLAND ROBOT be treated as the listing price?
The compiled grey-market observation is about +106.1%, versus +153.8% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does EXCELLAND ROBOT 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.