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IPO Detail
02715 埃斯頓
ESTUN
Listing Date2026/03/09    Listing in 2 Days
Listing Price15.360
Grey Market Performance
Last updated: 06/03/2026 19:59  Refresh
  • Bright Smart
    down 13.900 -1.460 (-9.505%)
    High
    14.800
     
    Low
    13.900
    Volume
    31,200
    One Lot Profit
    -292.00
  • Phillip
    down 14.100 -1.260 (-8.203%)
    High
    25.360
     
    Low
    13.700
    Volume
    974,000
    One Lot Profit
    -252.00
  • Futu
    down 14.200 -1.160 (-7.552%)
    High
    15.500
     
    Low
    14.000
    Volume
    516,800
    One Lot Profit
    -232.00
  • Bid
  • Ask
  • 13.870
  • (1) 200
  • 1K (1)
  • 14.090
  • 13.860
  • (1) 200
  • 0 (0)
  • 14.100
  • 13.850
  • (1) 400
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  • 14.110
  • 13.840
  • (1) 400
  • 0 (0)
  • 14.120
  • 13.830
  • (0) 0
  • 0 (0)
  • 14.130
  • 13.820
  • (0) 0
  • 0 (0)
  • 14.140
  • 13.810
  • (1) 3.2K
  • 0 (0)
  • 14.150
  • 13.800
  • (2) 2.4K
  • 0 (0)
  • 14.160
  • 13.790
  • (0) 0
  • 0 (0)
  • 14.170
  • 13.780
  • (0) 0
  • 0 (0)
  • 14.180
  • Bid
  • Ask
  • 14.000
  • (4) 11.4K
  • 6K (2)
  • 14.100
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  • (2) 2K
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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.

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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.

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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..

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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
MarketHong Kong (Main Board)
Business NatureIndustrials
Major Business AreaChina
Board Lot200
GLOBAL OFFERING
No. of Offer Shares96.78M H shares
No. of International Offer Shares87.10M H shares
No. of HK Offer Shares9.68M H shares
Offer Price$15.36 - $17.00
Stock Code2715
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 PeriodFeb 27 (Fri) - noon, Mar 04 (Wed)
Price Determination DateMar 05 (Thu)
Result Announcement DateOn or before Mar 06 (Fri)
Result Announcement DateOn or before Mar 06 (Fri)
Result Announcement DateOn or before Mar 09 (Mon)
Dealings in Shares commence onMar 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
20% : 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
IPO NEWS
06/03/2026 18:35
{New Stock}ESTUN ends down 8.2% at HK$14.1 on grey market
06/03/2026 16:20
{New Stock}ESTUN(02715) down 5.6% at HK$14.5 on grey market
Related Document
Prospectus Prospectus  Chinese VersionProspectus  English Version
Remark： The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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