How is a Hong Kong IPO entry fee calculated?

Entry fee is the amount reserved to apply for one board lot of a new listing.

Plain meaning

Before final pricing, the entry fee is usually estimated from the top of the offer price range, board lot size and fees. It is a funding requirement, not necessarily the final cost.

Why it matters

Entry fee affects whether small investors can participate, how many accounts or tiers can be funded and how much capital is locked until refund.

How to read it

Read it with board lot size, offer price range, final offer price, refund date and expected lots. A low entry fee does not automatically mean low risk.

How it appears here

IPO detail pages place entry fee next to offer price, board lot size, oversubscription and one-lot win rate so capital efficiency can be compared quickly.

Common mistakes

Treating entry fee as the final transaction cost.
Ignoring refund timing and funding rotation.
Assuming low-entry IPOs are automatically better applications.