【New Stock IPO】Kaile Technology 2729 Raises Up to HK$750 Million, Logistics Robotics Provider Entry Fee HK$4,121 Per Lot

Kailashi Technology (New Listing Number: 02729)
Offering from March 16 to 19. Kailashi Technology, a provider of integrated intelligent on-site logistics robots, plans to issue 36.798 million H-shares. 10% of the shares will be available for public subscription in Hong Kong. The offer price ranges from HKD 16.4 to HKD 20.4, raising up to HKD 750 million. Each lot consists of 200 shares, with an entry fee of HKD 4,121.20. Kailashi Technology is expected to list on March 24, with Cathay Securities International and CITIC Securities serving as joint sponsors.

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Kailashi Technology offers a diverse range of robotic products centered around three core product lines: Multi-directional Shuttle Robots (MSR), Autonomous Mobile Robots (AMR), and Conveying and Sorting Robots (CSR). These robots feature core functions such as access, sorting, and transportation, covering the entire scope of on-site logistics operations. Based on 2024 revenue, it ranks fifth among China’s top five integrated intelligent on-site logistics robot companies, with a market share of 1.6%.

In the first nine months of last year, Kailashi Technology recorded revenue of RMB 550 million, a year-on-year increase of 60.3%. During the same period, it reported a loss of RMB 130 million, narrowing by 4.9%.

Kailashi Technology’s IPO did not include any cornerstone investors.

Use of Net Proceeds

• 24.5%: Advance core robot product lines
• 20.5%: R&D of underlying technologies and software capabilities
• 25%: Expand production capacity and improve manufacturing capabilities
• 20%: Execute global market expansion strategies
• 10%: Operating capital and other general corporate purposes

Source: Kailashi Technology Announcement

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