Last updated 18:35:03
HK$13.75
-2.48%
- Listing price
- HK$14.10
- Open
- —
- High
- —
- Low
- —
- Bid / Ask
- — / —
- Volume
- —
Turnover —View source
JD INDUSTRIALS
07618Listed企業服務/SaaS · 京东工业是一家专注于工业供应链技术与服务的公司，提供工业品采购、库存管理及数字化解决方案。
JD INDUSTRIALS (京東工業) (07618) 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$14.10
- Final offer price
- HK$14.10
- One-lot win rate
- 35.0%
- Proceeds
- HK$2.98B
- Public oversub.
- 60.5x
Predicted 15.3%
Lot / entry fee 200 shares · HK$3K · Sponsor Merrill Lynch (Asia Pacific) Limited / UBS / Haitong International / Goldman Sachs
- Offer starts Dec 3
- /Offer closes Dec 8
- /Grey market Dec 10
- /Listing Dec 11Now
SubscriptionJD INDUSTRIALS: 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
- 60.5
- Forecast grey range
- -1.9% – +76.0%
Pre-greyJD INDUSTRIALS: 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
- 63.1
- Forecast grey range
- -4.0% – +72.2%
Post-greyJD INDUSTRIALS: 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
- 57.6
- Forecast first-day range
- -21.2% – +7.6%
View factors and research
Model forecastListing-day trendCautiousUp probability 48.0%
Published outcome check
First-day resultFlat0.0%
Our call: Trend call valid
Covered 19/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
Medium heatOffer size
Weaker qualityCornerstone lockup
Strong supportPost-lockup offer value
Weak scarcityRecent same-rule trend
Poor trendRecent same-type trend
Strong trendRecent sector trend
—Valuation
Weak appealFundamental quality
Average qualityGrowth quality
Average qualityProfitability
Weaker qualityCash runway
—Customer concentration
Low riskCornerstone quality
Strong supportSponsor record
Weak recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track record
—A-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 useCumulative use +71.2%
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.
JD INDUSTRIALS: grey-market trend
JD INDUSTRIALS: predicted allotment
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 15.3%
- A tail · Apply 1,500 lots
- 5.06 lots
- B head · Apply 2,000 lots
- 20.18 lots
- Top hammer
- 515.52 lots
Predicted
Official
35.0%
Predicted
Official
10 lots
Predicted
Official
52 lots
Predicted
Official
489 lots
Most likely allotment pattern：Larger Pool A applications get less extra allotment；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 JD INDUSTRIALS?
Public allotment filings put the official one-lot rate at 35.0%, versus this site's pre-allotment model estimate of 15.3%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for JD INDUSTRIALS?
Based on the prospectus's legal application tiers, A-tail is 1,500 lots and B-head is 2,000 lots, representing about HK$4.2M and HK$5.6M of application principal. Official average allotment was 10 lots and 52 lots, versus pre-allotment model estimates of 5.06 lots and 20.18 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of JD INDUSTRIALS be treated as the listing price?
The compiled grey-market observation is about -2.5%, versus 0.0% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does JD INDUSTRIALS 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.