06731 本末科技
DIRECT DRIVE
DIRECT DRIVE
| Register Close | 2026/09/24 IPO Closing in 3 Days |
| Listing Date | 2026/09/29 |
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IPO Detail
COMPANY PROFILE
Direct Drive Tech Limited is a robotics technology company with direct drive technology as our core capability. The Group primarily engages in the sale of robotic actuator modules and, to a lesser extent, the sale of robots, in China.
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The Group generates revenue from the sales of our robotic actuator modules and robots. Its business model centers on developing and commercializing advanced robotic actuator modules and robots across consumer, industrial and commercial, and embodied intelligence application scenarios.
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By revenue in 2025, it ranked eighth with a market share of 2.4% in the PRC consumer robotic actuator module industry, and first with a market share of 61.1% in PRC consumer robotic direct drive actuator module industry. In addition, by revenue in 2025, the Group ranked fourth in the PRC wheel-legged robot industry with a market share of 4.7%, and second in the PRC dual-wheel-legged robot industry with a market share of 18.6%.
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The Group's customers primarily consist of consumer robot providers, industrial and commercial robot providers, and embodied intelligence robot providers.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Industrials |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 50.00M H shares |
| No. of International Offer Shares | 47.50M H shares |
| No. of HK Offer Shares | 2.50M H shares |
| Offer Price | $21.60 |
| Stock Code | 6731 |
| Sponsor(s) | CITIC Securities (Hong Kong) Limited |
| Underwriter(s) | CLSA Limited, China Harbour International Securities Limited, CMB International Capital Limited, Futu Securities International (Hong Kong) Limited, Neutral Financial Holding Company Limited |
TIME TABLE
| Application Period | Sep 21 (Mon) - noon, Sep 24 (Thu) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Sep 28 (Mon) |
| Result Announcement Date | On or before Sep 28 (Mon) |
| Result Announcement Date | On or before Sep 29 (Tue) |
| Dealings in Shares commence on | Sep 29, 2026. (Tue) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $21.60 |
| Capitalization (H Shares) | 7.98B |
| NAV / share ($) | $3.96 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 21.6, the net proceeds raised would be HKD 982.50M, of which |
| 50% : Enhance R&D capabilities in key robotics technologies |
| 20% : Deepen collaboration with industry partners and broaden sales network |
| 20% : Improving production capability and efficiency |
| 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). |
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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).