The Zhitong Finance App learned that Mecamand Robot (09615) will be offering shares from August 24 to 27. As of 11:00 a.m. on August 27, the Mercamander Robotics public sale section had recorded a margin subscription of HK$347.22 billion, an oversubscription of 2949.8 times, based on the amount of publicly raised capital of HK$120 million. In addition, according to market sources, the public sale portion received 254,000 subscriptions, overbought by 3,843 times, involving HK$456.7 billion.
Mercamander Robotics plans to issue 23.141 million H shares, 5% of which will be publicly sold in Hong Kong. The offering price ranges from $95.3 to HK$101.7, with a maximum capital raising of HK$2.35 billion, 30 shares per lot, and an entry fee of HK$3081.8 for the first hand. Mecamand Robotics is expected to be listed for sale on September 1, with CITIC Construction Investment International and CITIC Securities as co-sponsors.
According to the prospectus, Mecamand is an intelligent robot component supplier. The company's products have been deployed in equipment used by end customers in production and operation processes, mainly serving end customers from the automotive, new energy, consumer electronics, logistics, education and general manufacturing industries.
On the financial side, in the three months ending March 31 in 2023, 2024, 2025, and 2026, the company achieved total revenue of approximately RMB 1808 million, RMB 268.8 million, RMB 388.8 million, and RMB 106.9 million, respectively. In the same period, it recorded losses of approximately RMB 401 billion, RMB 283.3 million, RMB 360.2 million, and RMB 556.8 million, respectively.