07688 拓璞數控
TOPNC
TOPNC
| Register Close | 2026/05/15 IPO Closing in 2 Days |
| Listing Date | 2026/05/20 |
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IPO Detail
COMPANY PROFILE
Shanghai Top Numerical Control Technology Co. is an enterprise specialising in the R&D, design, production and sales of high-end intelligent manufacturing equipment, comprising primarily five-axis CNC machine tools, in China. The Group focuses on developing five-axis CNC machine tools to address the demand for advanced manufacturing in China’s aviation and aerospace sector.
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According to the report, in 2025, the Group ranked first in China’s aviation and aerospace five-axis CNC machine tool market with a market share of 10%, fifth among all suppliers and second among domestic suppliers in China’s five-axis CNC machine tool market, with a market share of 3.9%.
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As of 5 May 2026, the Group had three production bases, namely Minhang Production Base, Jiaxing Production Base and Zhuanqiao Production Base, and had over 90 registered patents and filed over 40 patent applications which were pending approval.
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The Group primarily generated revenue from the sales of aviation and aerospace intelligent manufacturing equipment, and its customers mainly comprise end customers including private enterprises and state-owned enterprises in the aviation and aerospace sector and the general industrial sector including automotive, energy, medical equipment, shipbuilding, machine tool equipment and die and mould manufacturing, and representatives of end users.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Industrials |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 65.33M H shares |
| No. of International Offer Shares | 58.80M H shares |
| No. of HK Offer Shares | 6.53M H shares |
| Offer Price | $26.39 |
| Stock Code | 7688 |
| Sponsor(s) | Guotai Junan Capital Limited, CCB International Capital Limited |
| Underwriter(s) | Guotai Junan Securities (Hong Kong) Limited, CCB International Capital Limited, SBI China Capital Financial Services Limited, BOCI Asia Limited, CMB International Capital Limited |
TIME TABLE
| Application Period | May 12 (Tue) - noon, May 15 (Fri) |
| Price Determination Date | -- |
| Result Announcement Date | On or before May 19 (Tue) |
| Result Announcement Date | On or before May 19 (Tue) |
| Result Announcement Date | On or before May 20 (Wed) |
| Dealings in Shares commence on | May 20, 2026. (Wed) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $26.39 |
| Capitalization (H Shares) | 9.80B |
| NAV / share ($) | $4.41 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 26.39, the net proceeds raised would be HKD 1.61B, of which |
| 61.8% : R&D advancement |
| 10.3% : Expansion of sales and marketing network |
| 12.1% : Possible acquisitions and investments |
| 6.0% : Partial repayment of interest-bearing bank borrowings |
| 9.9% : 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). |
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*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).