GALAXIS TECH
| Listing Date | 2026/03/24 Listed Today |
| Listing Price | 16.660 |
- Subscription Rate2,153.26x
- Guarantee One Lot Size3500 lot
- One Lot Success Rate5%
| Listing Date | 2026/03/24 Listed Today |
| Listing Price | 16.660 |
Zhejiang Galaxis Technology Group Co. is an intelligent intralogistics robotics provider offering a diverse range of robots centered on three core product lines: multi-directional shuttle robots (MSRs), autonomous mobile robots (AMRs), and conveying and sorting robots (CSRs).
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The Group’s robotics portfolio covers the entire spectrum of intralogistics operations, addressing the core functions of storage, sorting and transport. The Group ranked the fifth among the top five comprehensive intelligent intralogistics robotics companies in China by revenue in 2024, with a market share of 1.6%.
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The Group generates revenue from its intelligent intralogistics solutions through the sales of robots and systems, and after sales and other services. The Group’s customers are primarily enterprises across diverse industries, including automotive, new energy, 3C electronics, pharmaceuticals, e-commerce, and retail.
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As of March 6, 2026, the Group had two production facilities in Jiaxing and Wuhu. The Group’s Jiaxing factory primarily produced MSRs and AMRs, while its Wuhu factory mainly produced CSRs.
| Market | Hong Kong (Main Board) |
| Business Nature | Industrials |
| Major Business Area | China |
| Board Lot | 200 |
| No. of Offer Shares | 36.80M H shares |
| No. of International Offer Shares | 33.12M H shares |
| No. of HK Offer Shares | 3.68M H shares |
| Offer Price | $16.40 - $20.40 |
| Stock Code | 2729 |
| Sponsor(s) | Guotai Junan Capital Limited, CITIC Securities (Hong Kong) Limited |
| Underwriter(s) | Guotai Junan Securities (Hong Kong) Limited, CLSA Limited, CMB International Capital Limited, Yellow River Securities Limited, ICBC International Securities Limited, ABCI Securities Company Limited, CCB International Capital Limited, Yunfeng Securities Limited, Livermore Holdings Limited, SPDB International Capital Limited, Shenwan Hongyuan Securities (H.K.) Limited, Yuen Meta (International) Securities Limited, Harmonia Capital Limited |
| Application Period | Mar 16 (Mon) - noon, Mar 19 (Thu) |
| Price Determination Date | Mar 20 (Fri) |
| Result Announcement Date | On or before Mar 23 (Mon) |
| Result Announcement Date | On or before Mar 23 (Mon) |
| Result Announcement Date | On or before Mar 24 (Tue) |
| Dealings in Shares commence on | Mar 24, 2026. (Tue) |
| Offer Price | $16.40 - $20.40 |
| Capitalization | 7.02B - 8.73B |
| NAV / share ($) | $2.91 - $3.25 (Unaudited pro forma adj NAV / share) |
| Assuming the offer price being at HKD 18.4, the net proceeds raised would be HKD 617.50M, of which |
| 24.5% : Advancing core robotics product lines |
| 20.5% : R&D of fundamental technologies and software capabilities development |
| 25% : Production capacity expansion and manufacturing capabilities enhancement |
| 20% : Execute global market expansion strategy and establishing international presence |
| 10% : Working capital |
| 24/03/2026 16:08 |
| {New Stock}GALAXIS TECH(02729) ends up 84.27% at HK$30.7 |
| 24/03/2026 09:20 |
| {New Stock}GALAXIS TECH(02729) opens up 92.08% at HK$32 |
| 23/03/2026 18:35 |
| {New Stock}GALAXIS TECH(02729) ends up 82.59% on grey market |
| 23/03/2026 16:20 |
| {New Stock}GALAXIS TECH up 58.46% at HK$26.4 on grey market |
| Prospectus |
| Remark: | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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