Estun Automation (HKG:2715, SHE:002747) raised HK$1.41 billion in net proceeds from its initial public offering in Hong Kong, according to a Friday after-market filing with the Hong Kong Stock Exchange.

The final offer price was set at HK$15.36 per H-share, the bottom of the offer price range, the filing showed.

The Chinese industrial robotics maker offered 96.8 million H-shares in the global offering.

The Hong Kong public offer was 19.67 times subscribed, with a final allocation of 9.7 million shares, representing 10% of the total offering.

The international offering was 3.34 times subscribed, with a final allocation of 87.1 million shares, or 90% of the total offering.

An over-allocation of 14.5 million shares was made under the global offering.

Cornerstone investors, including Harvest International Premium Value (Secondary Market) Fund SPC, Hengtong Optic-electric International, Dream'ee (Hong Kong) Open-ended Fund Company, Deep Source, Haitian Huayuan (Singapore), New Fortune, and Qianhai Hezhong Investment, were allotted a combined 34 million shares, representing 35.18% of the global offering, according to the filing.

Estun Automation is scheduled to debut on the Hong Kong bourse on Monday, March 9.