【New Stock IPO】Kaile Technology 2729 IPO Raises up to HK$750 Million、Share Placement Oversubscribed 9 Times at HK$750 Million、Entry Fee per Lot HK$4,121

SocialAnxietyStaker · 2026-03-18T04:55:09+00:00

Kalebot Technology will conduct its IPO from March 16 to 19, planning to issue 36.798 million H shares at a price range of HK$16.4 to HK$20.4, with a maximum fundraising of HK$750 million. The public offering was oversubscribed 9 times, with an expected listing date of March 24. The company focuses on intelligent logistics robots, with revenue growth of 60.3% year-over-year in September last year. The funds will be used for product line development and global expansion.

SocialAnxietyStaker

2026-03-18 04:55:09

Abstract generation in progress

Kailashi Technology (New Listing Number: 02729)
Offering from March 16 to 19. Logistics robot provider Kailashi Technology plans to issue 36.798 million H-shares, with 10% available for public subscription in Hong Kong. The offer price ranges from HKD 16.4 to HKD 20.4, aiming to raise up to HKD 750 million. As of the afternoon of March 17, Kailashi Technology received HKD 750 million in over-subscription, with the public offering raising HKD 75.07 million, representing a 9-fold oversubscription.

Kailashi Technology offers 200 shares per board lot, with an entry fee of HKD 4,121.20 per lot. The company is expected to list on March 24, with CICC and CITIC Securities serving as joint sponsors.

▼Click image to enlarge

Kailashi focuses on integrated intelligent in-plant logistics robots, mainly offering three types of products: Multi-directional Shuttle Robots (MSR), Autonomous Mobile Robots (AMR), and Conveying and Sorting Robots (CSR). Its clients span industries including automotive, new energy, 3C electronics, pharmaceuticals, e-commerce, and retail.

According to Frost & Sullivan data, based on 2024 revenue, Kailashi ranks 5th among China’s integrated intelligent in-plant logistics robot companies, with a market share of 1.6%, while the industry leader holds a 4.6% market share.

In the first nine months of last year, Kailashi Technology recorded revenue of HKD 550 million (RMB), a year-on-year increase of 60.3%. During the same period, it reported a loss of HKD 130 million, narrowing by 4.9%.

Kailashi Technology’s IPO did not include cornerstone investors.

Use of Net Proceeds

24.5%: Advance core robot product lines
20.5%: R&D of underlying technologies and software capabilities
25%: Expand production capacity and improve manufacturing capabilities
20%: Execute global market expansion strategy
10%: Working capital and other general corporate purposes

Source: Kailashi Technology Announcement

Finance Hot Talk

Is the role of gold as a hedge failing? Are geopolitical conflicts triggering concerns over interest rate hikes?

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.