Last updated 18:16:26
HK$95.65
-4.64%
- Listing price
- HK$100.30
- Open
- HK$95.00
- High
- HK$100.00
- Low
- HK$92.10
- Bid / Ask
- HK$95.60 / HK$95.65
- Volume
- 1,193,200
Turnover 114,235,045View source
CCTC
06951A+HListed新材料 · 公司提供电子陶瓷材料、电子元件、电信组件和设备组件四大类产品，包括MLCC、陶瓷基板、电子浆料等，应用于汽车、智能手机、数据中心和电信基站等场景。
CCTC (三環集團) (06951) 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$100.30
- Final offer price
- HK$100.30
- One-lot win rate
- 0.7%
- Proceeds
- HK$7.16B
- Public oversub.
- 327.5x
Predicted 6.3%
Lot / entry fee 100 shares · HK$10K · Sponsor China Galaxy
- Offer starts Jun 30
- /Offer closes Jul 6
- /Grey market Jul 8
- /Listing Jul 9Now
SubscriptionCCTC: 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
- 62.9
- Forecast grey range
- -5.6% – +24.5%
Pre-greyCCTC: 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
- 68.4
- Forecast grey range
- -13.1% – +18.2%
Post-greyCCTC: 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
- 63.7
- Forecast first-day range
- -7.6% – +3.8%
View factors and research
Model forecastListing-day trendNeutral-negativeUp probability 43.2%
Published outcome check
First-day resultFlat+4.7%Normal
Our call: Trend call valid
Covered 17/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
High heatOffer size
Weak qualityCornerstone lockup
—Post-lockup offer value
—Recent same-rule trend
Positive trendRecent same-type trend
Neutral trendRecent sector trend
—Valuation
Weak appealFundamental quality
Good qualityGrowth quality
High qualityProfitability
High qualityCash runway
—Customer concentration
—Cornerstone quality
—Sponsor record
Poor recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track record
—A-share pre-grey trend
Poor trendA-share listing-day trend
Neutral trendPublic oversubscription
High heatOne-lot win rate
High heatInternational placing
High heatFinal pricing position
—Actual greenshoe useCumulative use +76.9%
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.
CCTC: grey-market trend
CCTC: predicted allotment
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 6.3%
- A tail · Apply 400 lots
- 0.66 lots
- B head · Apply 500 lots
- 2 lots
- Top hammer
- 33.49 lots
Official 0.7%
Official 2.76 lots
Official 0.98 lots
Official 69.94 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 CCTC?
Public allotment filings put the official one-lot rate at 0.7%, versus this site's pre-allotment model estimate of 6.3%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for CCTC?
Based on the prospectus's legal application tiers, A-tail is 400 lots and B-head is 500 lots, representing about HK$4.0M and HK$5.0M of application principal. Official average allotment was 2.76 lots and 0.98 lots, versus pre-allotment model estimates of 0.66 lots and 2 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of CCTC be treated as the listing price?
The compiled grey-market observation is about -4.5%, versus +4.7% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does CCTC 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.