Last updated 18:29:52
HK$36.14
-17.86%
- Listing price
- HK$44.00
- Open
- HK$39.60
- High
- HK$39.60
- Low
- HK$32.10
- Bid / Ask
- HK$36.14 / HK$36.20
- Volume
- 1,890,300
Turnover 65,693,568View source
RA MATERIALS
09607Listed未分類 · 公司是中国的新材料供应商，主要从事新材料的研发、生产、市场推广、销售与分销，业务分为轮胎用橡胶助剂及其他化工产品、电子材料、全生物降解材料三个板块，产品主要用于汽车轮胎及橡胶制品、半导体与显示面板的生产制造。
RA MATERIALS (09607) 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$39.00 – 44.00
- Final offer price
- HK$44.00
- One-lot win rate
- 100.0%
- Proceeds
- HK$3.00B
- Public oversub.
- 3.4x
Predicted 47.0%
Lot / entry fee 100 shares · HK$4K · Sponsor Haitong International
- Offer starts Sep 21
- /Offer closes Sep 24
- /Grey market Sep 28
- /Listing Sep 29Now
SubscriptionRA MATERIALS: 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
- 55.8
- Forecast grey range
- -15.4% – +66.3%
Pre-greyRA MATERIALS: 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
- 53.6
- Forecast grey range
- -15.5% – +66.3%
Post-greyRA MATERIALS: 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
- 41.6
- Forecast first-day range
- -53.2% – -10.6%
Data updated · Sep 30, 2026, 18:41 HKT
View factors and research
Model forecastListing-day trendHigh cautionUp probability 40.0%
Published outcome check
First-day resultDown-10.8%Normal
Our call: Trend call valid
Covered 19/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
Weak heatOffer size
Weaker qualityCornerstone lockup
Average supportPost-lockup offer value
Weak scarcityRecent same-rule trend
Poor trendRecent same-type trend
Strong trendRecent sector trend
—Valuation
Average appealFundamental quality
Average qualityGrowth quality
Weak qualityProfitability
High qualityCash runway
—Customer concentration
Lower riskCornerstone quality
Strong supportSponsor record
Strong recordGreenshoe arrangementNo greenshoe
Stabilizer track record
—A-share pre-grey trend
—A-share listing-day trend
—Public oversubscription
Weak heatOne-lot win rate
Weak heatInternational placing
High heatFinal pricing position
Friendly pricingActual greenshoe use
—Grey 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.
RA MATERIALS: grey-market trend
RA MATERIALS: 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
- 47.0%
- A tail · Apply 1,000 lots
- 34.67 lots
- B head · Apply 2,000 lots
- 418.92 lots
- Top hammer
- 6,966.14 lots
Predicted
Official
100.0%
Predicted
Official
55.72 lots
Predicted
Official
1,135.56 lots
Predicted
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 RA MATERIALS?
Public allotment filings put the official one-lot rate at 100.0%, versus this site's pre-allotment model estimate of 47.0%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for RA MATERIALS?
Based on the prospectus's legal application tiers, A-tail is 1,000 lots and B-head is 2,000 lots, representing about HK$4.4M and HK$8.8M of application principal. Official average allotment was 55.72 lots and 1,135.56 lots, versus pre-allotment model estimates of 34.67 lots and 418.92 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of RA MATERIALS be treated as the listing price?
The compiled grey-market observation is about -17.3%, versus -10.8% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does RA MATERIALS 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.