New stock news | Another "over-subscription king" is born! Kelestone (02729) publicly sold a portion of the over-subscription as high as 2154 times, involving HKD 163.4 billion!

The Hong Kong stock IPO has produced a new "subscription king"! According to the latest data, as of March 19th, Kaiross Technology (02729), the logistics leader Siasun Robot&Automation set to go public next Tuesday (March 24th), has received unprecedented market attention. The public offering portion has received over 100,000 subscriptions involving an amount of HK$163.4 billion, oversubscribed by 2,154 times. Kaiross Technology conducted its IPO from March 16th to March 19th, intending to globally issue 36.798 million shares at a price of HK$4,121.15 per lot of 200 shares, with the listing scheduled for March 24th. Kaiross Technology is a rare full-stack intelligent in-house logistics Siasun Robot&Automation enterprise in China, focusing on providing products and solutions for all aspects of intelligent in-house logistics. The company has established a strong leading position in the industry. According to Frost & Sullivan data, based on revenue projections for 2024, Kaiross Technology ranks among the top five comprehensive intelligent in-house logistics Siasun Robot&Automation companies in China. In terms of product development, Kaiross Technology has built a product matrix covering all scenarios, with Multidirectional Shuttle Robot (MSR), Autonomous Mobile Robot (AMR), and Conveyor Sorting Robot (CSR) as the main product lines. These products have core functions for access, sorting, and handling, providing a one-stop in-house logistics intelligent solution for different industries and scales of customers, forming a core product advantage of "full-scenario coverage + customized adaptation." So far, Kaiross Technology's business has successfully expanded to 29 industries, covering 19 countries and regions globally, with a total customer base of 861 customers in sectors such as automotive, pharmaceuticals, new energy, 3C electronics, e-commerce, among others. Of note is the company's overseas business becoming the second growth curve, with the total amount of pending orders expected to reach 2.2 billion yuan by the end of 2025, including a total contract value of 685 million yuan for overseas projects. With a solid market expansion capability, the company's operating performance continues to grow, with revenue increasing from 657 million yuan in 2022 to 721 million yuan in 2024, and revenue of around 552 million yuan in the first nine months of 2025.