Last updated 18:29:52
HK$22.52
+4.26%
- Listing price
- HK$21.60
- Open
- HK$21.60
- High
- HK$23.36
- Low
- HK$19.50
- Bid / Ask
- HK$22.50 / HK$22.52
- Volume
- 3,710,600
Turnover 83,107,692View source
DIRECT DRIVE
0673118CListed未分類 · 公司提供机器人直接驱动执行器模块、具身关节模块，以及Diablo、TITA、TITATIT、D1等轮足式机器人，产品应用于消费、工业及商用场景中的机器人与自动化系统。
DIRECT DRIVE (06731) 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$21.60
- Final offer price
- HK$21.60
- One-lot win rate
- 60.0%
- Proceeds
- HK$1.08B
- Public oversub.
- 208.6x
Predicted 18.5%
Lot / entry fee 100 shares · HK$2K · Sponsor CITIC Securities
- Offer starts Sep 21
- /Offer closes Sep 24
- /Grey market Sep 28
- /Listing Sep 29Now
SubscriptionDIRECT DRIVE: 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
- Forecast grey range
- +2.5% – +98.2%
Pre-greyDIRECT DRIVE: 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
- 70.9
- Forecast grey range
- -3.5% – +88.6%
Post-greyDIRECT DRIVE: 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
- 67
- Forecast first-day range
- -8.7% – +26.1%
Data updated · Sep 30, 2026, 18:41 HKT
View factors and research
Model forecastListing-day trendNeutral watchUp probability 70.2%
Published outcome check
First-day resultFlat+4.3%Normal
Our call: Neutral watch
Covered 17/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
High heatOffer size
Weaker qualityCornerstone lockup
—Post-lockup offer value
—Recent same-rule trend
Poor trendRecent same-type trend
Positive trendRecent sector trend
—Valuation
Average appealFundamental quality
Weaker qualityGrowth quality
High qualityProfitability
Weak qualityCash runway
High qualityCustomer concentration
Lower riskCornerstone quality
—Sponsor record
Strong recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track recordCLSA
Good recordA-share pre-grey trend
—A-share listing-day trend
—Public oversubscription
High heatOne-lot win rate
Weak heatInternational placing
High heatFinal pricing position
—Actual greenshoe use
—Grey market return
Neutral 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.
DIRECT DRIVE: grey-market trend
DIRECT DRIVE: predicted allotment
Data updated · Sep 30, 2026, 18:29 HKT
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 18.5%
- A tail · Apply 2,000 lots
- 7.99 lots
- B head · Apply 3,000 lots
- 54.88 lots
- Top hammer
- 108.57 lots
Predicted
Official
60.0%
Predicted
Official
5 lots
Predicted
Official
75 lots
Predicted
Official
193 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 DIRECT DRIVE?
Public allotment filings put the official one-lot rate at 60.0%, versus this site's pre-allotment model estimate of 18.5%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for DIRECT DRIVE?
Based on the prospectus's legal application tiers, A-tail is 2,000 lots and B-head is 3,000 lots, representing about HK$4.3M and HK$6.5M of application principal. Official average allotment was 5 lots and 75 lots, versus pre-allotment model estimates of 7.99 lots and 54.88 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of DIRECT DRIVE be treated as the listing price?
The compiled grey-market observation is about +3.8%, versus +4.3% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does DIRECT DRIVE 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.