02715 埃斯
ESTUN
ESTUN
| Register Close | 2026/03/04 IPO Closing in 5 Days |
| Listing Date | 2026/03/09 |
|
|
|
|
|
|
|
|
|
|
IPO Detail
COMPANY PROFILE
Estun Automation Co. is a leading industrial robotics company in China. The Group had ranked first among domestic manufacturers in China’s industrial robotic solutions market for years, in terms of industrial robot shipment volume, according to the report.
--
The Group achieved a historic breakthrough in the first half of 2025, with the shipment volume of industrial robots surpassing foreign brands within the domestic market, making it the first domestic manufacturer to rank at the top of the industrial robotic solutions market in China. The Group is also among the top industrial robotics companies in terms of revenue, ranking sixth in both the global market and China’s market in terms of revenue in 2024 among all manufacturers, with a market share of 1.7% and 2%, respectively.
--
The Group mainly engages in the R&D, manufacturing and sales of industrial robots, intelligent manufacturing systems and industrial robot workstations, along with core automation components, motion control systems and motion control solutions. The Group has been operating under the “Estun” brand since its establishment, and acquired leading players such as Trio, Cloos, and M.A.i..
--
As of September 30, 2025, the Group operated 75 service sites worldwide and seven manufacturing bases across its key domestic and foreign markets. The Group’s customers mainly comprise customers from its direct sales channel, including manufacturers in automotive, photovoltaic, lithium battery, electronics, metal processing and construction materials, and its distributors. The Group’s revenue primarily generated from the sales of industrial robots and intelligent manufacturing systems, and core automation components and motion control systems.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Industrials |
| Major Business Area | China |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 96.78M H shares |
| No. of International Offer Shares | 87.10M H shares |
| No. of HK Offer Shares | 9.68M H shares |
| Offer Price | $15.36 - $17.00 |
| Stock Code | 2715 |
| Sponsor(s) | Huatai Financial Holdings (Hong Kong) Limited |
| Underwriter(s) | Huatai Financial Holdings (Hong Kong) Limited, GF Securities (Hong Kong) Brokerage Limited, CMB International Capital Limited, BOCOM International Securities Limited, ABCI Securities Company Limited, ICBC International Securities Limited, BOCI Asia Limited, Futu Securities International (Hong Kong) Limited, Livermore Holdings Limited, TradeGo Markets Limited, Huaan Securities (Hong Kong) Brokerage Limited |
TIME TABLE
| Application Period | Feb 27 (Fri) - noon, Mar 04 (Wed) |
| Price Determination Date | Mar 05 (Thu) |
| Result Announcement Date | On or before Mar 06 (Fri) |
| Result Announcement Date | On or before Mar 06 (Fri) |
| Result Announcement Date | On or before Mar 09 (Mon) |
| Dealings in Shares commence on | Mar 09, 2026. (Mon) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $15.36 - $17.00 |
| Capitalization (H Shares) | 1.49B - 1.65B |
| NAV / share ($) | $1.86 - $2.02 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 16.18, the net proceeds raised would be HKD 1.49B, of which |
| 25% : Expansion of global production capabilities |
| 25% : Selective pursuit of strategic alliances, investments, and acquisition opportunities, both domestically and internationally, within the upstream and downstream segments of the industrial robotics industry |
| 30% : Invested in R&D initiatives |
| 10% : Strengthening global service capabilities and developing a organization-wide digitized management system |
| 10% : Partially repay existing loans |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
Name︰
--
--
--
Subscription --
Result Announcement --
Listing --Offer Price︰--
| Currency | : |
| Listing Price | : |
| Board Lot | : |
| Admission Fee* |
: |
| Subscribing Lot | : |
| Subscribing Fee | : |
| Subscribing Amount | : |
*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).