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Listed

2525 HESAI-W

Hesai Group

Design, development, manufacturing and sales of LiDAR products for ADAS, autonomous mobility, robotics and other applications

Overview

Company
Hesai Group
Sector
Autonomous Driving / LiDAR
Market
Main Board
Listing date
Sep 16, 2025

Offer Details

Offer price
HKD 212.8
Board lot
20
Total offer shares
19,550,000
Hong Kong offer shares
1,955,000
International offer shares
17,595,000
Minimum application
20 shares
Gross proceeds
HKD 4,160,240,000
Net proceeds
HKD 4,005,250,000

Timetable

Application deadline
Sep 11, 2025
Refund date
Sep 16, 2025
Trading start
Sep 16, 2025
Listing date
Sep 16, 2025

Allocation Result

Valid applications
93,392
Subscription multiple
168.65x
One-lot success rate
30%
Successful applications
47,242

Basis of Allocation

Success Rate Trend

Each line runs from the lowest application tier to the highest tier within its own pool. Hover or tap a point for the exact tier.

Pool APool B
0%25%50%75%100%FewerMidMorePool A · Applied shares 20 · Applied lots 1 lots · Valid applications 26,117 · Successful applications 7,836 · Success rate 30%Pool A · 1 lotsSuccess rate 30%Pool A · Applied shares 40 · Applied lots 2 lots · Valid applications 10,092 · Successful applications 3,243 · Success rate 32.13%Pool A · 2 lotsSuccess rate 32.13%Pool A · Applied shares 60 · Applied lots 3 lots · Valid applications 4,394 · Successful applications 1,470 · Success rate 33.45%Pool A · 3 lotsSuccess rate 33.45%Pool A · Applied shares 80 · Applied lots 4 lots · Valid applications 3,441 · Successful applications 1,257 · Success rate 36.53%Pool A · 4 lotsSuccess rate 36.53%Pool A · Applied shares 100 · Applied lots 5 lots · Valid applications 5,774 · Successful applications 2,259 · Success rate 39.12%Pool A · 5 lotsSuccess rate 39.12%Pool A · Applied shares 120 · Applied lots 6 lots · Valid applications 1,731 · Successful applications 716 · Success rate 41.36%Pool A · 6 lotsSuccess rate 41.36%Pool A · Applied shares 140 · Applied lots 7 lots · Valid applications 1,159 · Successful applications 503 · Success rate 43.4%Pool A · 7 lotsSuccess rate 43.4%Pool A · Applied shares 160 · Applied lots 8 lots · Valid applications 1,107 · Successful applications 501 · Success rate 45.26%Pool A · 8 lotsSuccess rate 45.26%Pool A · Applied shares 180 · Applied lots 9 lots · Valid applications 859 · Successful applications 403 · Success rate 46.92%Pool A · 9 lotsSuccess rate 46.92%Pool A · Applied shares 200 · Applied lots 10 lots · Valid applications 7,475 · Successful applications 3,616 · Success rate 48.37%Pool A · 10 lotsSuccess rate 48.37%Pool A · Applied shares 300 · Applied lots 15 lots · Valid applications 3,360 · Successful applications 1,841 · Success rate 54.79%Pool A · 15 lotsSuccess rate 54.79%Pool A · Applied shares 400 · Applied lots 20 lots · Valid applications 3,105 · Successful applications 1,858 · Success rate 59.84%Pool A · 20 lotsSuccess rate 59.84%Pool A · Applied shares 500 · Applied lots 25 lots · Valid applications 2,286 · Successful applications 1,465 · Success rate 64.09%Pool A · 25 lotsSuccess rate 64.09%Pool A · Applied shares 600 · Applied lots 30 lots · Valid applications 1,384 · Successful applications 938 · Success rate 67.77%Pool A · 30 lotsSuccess rate 67.77%Pool A · Applied shares 700 · Applied lots 35 lots · Valid applications 760 · Successful applications 540 · Success rate 71.05%Pool A · 35 lotsSuccess rate 71.05%Pool A · Applied shares 800 · Applied lots 40 lots · Valid applications 978 · Successful applications 724 · Success rate 74.03%Pool A · 40 lotsSuccess rate 74.03%Pool A · Applied shares 900 · Applied lots 45 lots · Valid applications 713 · Successful applications 548 · Success rate 76.86%Pool A · 45 lotsSuccess rate 76.86%Pool A · Applied shares 1,000 · Applied lots 50 lots · Valid applications 5,191 · Successful applications 4,114 · Success rate 79.25%Pool A · 50 lotsSuccess rate 79.25%Pool A · Applied shares 2,000 · Applied lots 100 lots · Valid applications 2,860 · Successful applications 2,804 · Success rate 98.04%Pool A · 100 lotsSuccess rate 98.04%Pool A · Applied shares 3,000 · Applied lots 150 lots · Valid applications 1,473 · Successful applications 1,473 · Success rate 100%Pool A · 150 lotsSuccess rate 100%Pool A · Applied shares 4,000 · Applied lots 200 lots · Valid applications 1,179 · Successful applications 1,179 · Success rate 100%Pool A · 200 lotsSuccess rate 100%Pool A · Applied shares 5,000 · Applied lots 250 lots · Valid applications 904 · Successful applications 904 · Success rate 100%Pool A · 250 lotsSuccess rate 100%Pool A · Applied shares 6,000 · Applied lots 300 lots · Valid applications 638 · Successful applications 638 · Success rate 100%Pool A · 300 lotsSuccess rate 100%Pool A · Applied shares 7,000 · Applied lots 350 lots · Valid applications 414 · Successful applications 414 · Success rate 100%Pool A · 350 lotsSuccess rate 100%Pool A · Applied shares 8,000 · Applied lots 400 lots · Valid applications 385 · Successful applications 385 · Success rate 100%Pool A · 400 lotsSuccess rate 100%Pool A · Applied shares 9,000 · Applied lots 450 lots · Valid applications 332 · Successful applications 332 · Success rate 100%Pool A · 450 lotsSuccess rate 100%Pool A · Applied shares 10,000 · Applied lots 500 lots · Valid applications 1,958 · Successful applications 1,958 · Success rate 100%Pool A · 500 lotsSuccess rate 100%Pool A · Applied shares 20,000 · Applied lots 1,000 lots · Valid applications 1,152 · Successful applications 1,152 · Success rate 100%Pool A · 1,000 lotsSuccess rate 100%Pool B · Applied shares 30,000 · Applied lots 1,500 lots · Valid applications 909 · Successful applications 909 · Success rate 100%Pool B · 1,500 lotsSuccess rate 100%Pool B · Applied shares 40,000 · Applied lots 2,000 lots · Valid applications 257 · Successful applications 257 · Success rate 100%Pool B · 2,000 lotsSuccess rate 100%Pool B · Applied shares 50,000 · Applied lots 2,500 lots · Valid applications 218 · Successful applications 218 · Success rate 100%Pool B · 2,500 lotsSuccess rate 100%Pool B · Applied shares 60,000 · Applied lots 3,000 lots · Valid applications 111 · Successful applications 111 · Success rate 100%Pool B · 3,000 lotsSuccess rate 100%Pool B · Applied shares 70,000 · Applied lots 3,500 lots · Valid applications 96 · Successful applications 96 · Success rate 100%Pool B · 3,500 lotsSuccess rate 100%Pool B · Applied shares 80,000 · Applied lots 4,000 lots · Valid applications 73 · Successful applications 73 · Success rate 100%Pool B · 4,000 lotsSuccess rate 100%Pool B · Applied shares 90,000 · Applied lots 4,500 lots · Valid applications 46 · Successful applications 46 · Success rate 100%Pool B · 4,500 lotsSuccess rate 100%Pool B · Applied shares 100,000 · Applied lots 5,000 lots · Valid applications 224 · Successful applications 224 · Success rate 100%Pool B · 5,000 lotsSuccess rate 100%Pool B · Applied shares 200,000 · Applied lots 10,000 lots · Valid applications 84 · Successful applications 84 · Success rate 100%Pool B · 10,000 lotsSuccess rate 100%Pool B · Applied shares 300,000 · Applied lots 15,000 lots · Valid applications 38 · Successful applications 38 · Success rate 100%Pool B · 15,000 lotsSuccess rate 100%Pool B · Applied shares 400,000 · Applied lots 20,000 lots · Valid applications 38 · Successful applications 38 · Success rate 100%Pool B · 20,000 lotsSuccess rate 100%Pool B · Applied shares 500,000 · Applied lots 25,000 lots · Valid applications 10 · Successful applications 10 · Success rate 100%Pool B · 25,000 lotsSuccess rate 100%Pool B · Applied shares 600,000 · Applied lots 30,000 lots · Valid applications 7 · Successful applications 7 · Success rate 100%Pool B · 30,000 lotsSuccess rate 100%Pool B · Applied shares 700,000 · Applied lots 35,000 lots · Valid applications 10 · Successful applications 10 · Success rate 100%Pool B · 35,000 lotsSuccess rate 100%Pool B · Applied shares 850,000 · Applied lots 42,500 lots · Valid applications 50 · Successful applications 50 · Success rate 100%Pool B · 42,500 lotsSuccess rate 100%30%45.26%71.05%100%100%100%100%100%100%100%Applied lots: Fewer -> MoreSuccess rate
PoolApplied sharesApplied lotsValid applicationsSuccessful applicationsSuccess rateAllocated sharesAllocated lotsAllotted %
A20126,1177,83630%0-200-130%
A40210,0923,24332.13%0-200-116.07%
A6034,3941,47033.45%0-200-111.15%
A8043,4411,25736.53%0-200-19.13%
A10055,7742,25939.12%0-200-17.82%
A12061,73171641.36%0-200-16.89%
A14071,15950343.4%0-200-16.2%
A16081,10750145.26%0-200-15.66%
A180985940346.92%0-200-15.21%
A200107,4753,61648.37%0-200-14.84%
A300153,3601,84154.79%0-200-13.65%
A400203,1051,85859.84%0-200-12.99%
A500252,2861,46564.09%0-200-12.56%
A600301,38493867.77%0-200-12.26%
A7003576054071.05%0-200-12.03%
A8004097872474.03%0-200-11.85%
A9004571354876.86%0-200-11.71%
A1,000505,1914,11479.25%0-200-11.59%
A2,0001002,8602,80498.04%0-200-10.98%
A3,0001501,4731,473100%20-401-20.74%
A4,0002001,1791,179100%20-401-20.61%
A5,000250904904100%20-401-20.52%
A6,000300638638100%20-401-20.46%
A7,000350414414100%20-401-20.41%
A8,000400385385100%20-401-20.38%
A9,000450332332100%20-401-20.35%
A10,0005001,9581,958100%20-401-20.32%
A20,0001,0001,1521,152100%20-401-20.2%
B30,0001,500909909100%140-1607-80.5%
B40,0002,000257257100%180-2009-100.5%
B50,0002,500218218100%240-26012-130.5%
B60,0003,000111111100%280-30014-150.5%
B70,0003,5009696100%340-36017-180.5%
B80,0004,0007373100%380-40019-200.5%
B90,0004,5004646100%440-46022-230.5%
B100,0005,000224224100%480-50024-250.5%
B200,00010,0008484100%980-1,00049-500.5%
B300,00015,0003838100%1,480-1,50074-750.5%
B400,00020,0003838100%1,980-2,00099-1000.5%
B500,00025,0001010100%2,480-2,500124-1250.5%
B600,00030,00077100%2,9801490.5%
B700,00035,0001010100%3,460-3,480173-1740.5%
B850,00042,5005050100%4,200-4,220210-2110.5%