New stock news | Estun Automation (02715) concludes IPO oversubscribed by 11.6 times, with a subscription amount of HKD 2.08 billion.

Mainland industrial manufacturer Siasun Robot & Automation producer Estun Automation (02715) has completed its IPO. According to comprehensive brokerage data, the oversubscription amount is 2.08 billion Hong Kong dollars, based on a public offering fundraising amount of 165 million Hong Kong dollars, oversubscribed by 11.6 times. In terms of international placements, market news indicates that Estun Automation's second trading day IPO has received sufficient subscription. Estun Automation conducted its IPO from February 27 to March 4, planning to sell 96.78 million H shares, with the public offering accounting for 10%, raising up to 16.45 billion Hong Kong dollars. The IPO price per share for Estun Automation is 15.36 Hong Kong dollars to 17 Hong Kong dollars. Each lot of 200 shares for Estun Automation has an entry fee of 3434.29 Hong Kong dollars, with an expected listing date of March 9. The exclusive sponsor is Huatai International. Estun Automation stated that this IPO includes 7 cornerstone investors, including Harvest Oriental under Harvest Fund Management, Hengtong Optic-Electric's international subsidiary Hengtong Optic-Electric International, Dream'ee HK Fund, Zhiyuan, Haitian Huayuan under HAITIAN INT'L, Yuxiang under NET-A-GO TECH, and Qianhai Hezhong Investment, with a total subscription of 66.91 million US dollars. According to the prospectus, Estun Automation is a leading company in the Chinese industrial Siasun Robot & Automation industry. According to data from Frost & Sullivan, the company has been the top domestic company in the Chinese industrial Siasun Robot & Automation solution market for several years. Based on the same institution's data, Estun Automation achieved a historic breakthrough in the first half of 2025, surpassing foreign brands in domestic market shipments in the industrial Siasun Robot & Automation solution market and becoming the first domestic Siasun Robot & Automation enterprise to lead this market. Estun Automation mainly provides industrial Siasun Robot & Automation and intelligent manufacturing systems to customers in multiple manufacturing sectors such as automotive, construction machinery, heavy industry, and lithium batteries, as well as automation core components and motion control systems. Estun Automation's industrial Siasun Robot & Automation and intelligent manufacturing systems offer automation solutions that can significantly enhance productivity, safety, and reliability in industrial environments. The company's industrial Siasun Robot & Automation product portfolio covers general-purpose and specialized robots that can independently and accurately perform repetitive, physically demanding, or dangerous tasks. Additionally, the company provides industrial Siasun Robot & Automation workstations, which are production units centered around Siasun Robot & Automation, equipped with controllers and other supporting equipment to efficiently perform specific manufacturing steps such as welding, machining, or assembly. In addition to standalone robots and workstations, Estun Automation's intelligent manufacturing systems integrate its self-developed robots and core components with peripheral and supporting equipment to create complete solutions. These systems connect multiple processes from machining and assembly to testing and packaging into workflows, minimizing human intervention and achieving large-scale continuous output from raw materials to finished products. Estun Automation plans to use approximately 25% of the proceeds from the IPO to expand global production capacity, approximately 25% to seek strategic alliances, investments, and acquisitions in the industrial robot industry chain upstream and downstream, approximately 20% for R&D projects, approximately 10% to enhance the group's global service capabilities and develop digital management systems within the organization, approximately 10% to partially repay existing loans, and the remaining approximately 10% for working capital and general corporate purposes.