(2) On the T day, investors can inquire about their market value or purchasable quota through the securities companies designated for trading, and investors can subscribe for new shares according to the purchasable quota; Match the number on the same day and send the matching result data. Where the issuer and the lead underwriter arrange the number of callbacks between online issuance and offline issuance according to Article 10 of the Measures for the Administration of Securities Issuance and Underwriting, they shall notify the Exchange of the number of callbacks between online issuance and offline issuance on T day.
(3)T+ 1 day, the lead underwriter announces the winning rate, organizes the lottery to form the winning result, and the Shanghai Stock Exchange will send the winning result to the securities company after the closing of the day. T+ 1 day The capital verification of the original subscription funds was cancelled.
(4) On T+2, the lead underwriter announces the issue price and the winning result, and investors can also inquire about the winning result from their designated securities companies. Investors who win the lottery shall fulfill the obligation of fund delivery according to the result of the lottery, and ensure that their fund accounts have enough funds for the subscription of new shares at the end of T+2.
(5) Before T+3 15:00, settlement participants shall report the data of their investors' abandonment of subscription to China Clearing; 16:00, China Clearing settled the subscription funds and transferred them to the fund settlement account of the lead underwriter.
(6) On T+4, the lead underwriter will allocate the subscription funds after deducting the underwriting fees to the issuer and announce the online issuance results.
The winning rate is just like the winning rate in the lottery. Because there are many people who subscribe for new shares, but the number of issues is limited, it is impossible for everyone to have them, so the lottery is carried out. The subscription process is based on every 1000 shares, so every 1000 shares as a subscription unit will get a subscription number, and then a lottery will be drawn. Investors will compare the numbers and some will win lots. If they don't do this, they won't win. With the circulation (shares)/effective subscription (shares), the success rate of new share issuance will be obtained. The lower the winning percentage, the less likely it is to win.
Funds are different from new shares, and the issuance of new funds can be shared by everyone. The winning rate is calculated as above, assuming that the winning rate is 10%, then if you invest 10000, 1000, you can successfully purchase the fund, and so on.
(l) memorize the subscription rules, and an account cannot be subscribed repeatedly; The new shares of the Shanghai Stock Exchange must be subscribed in multiples of 65,438+0,000 shares, and the Shenzhen Stock Exchange must be subscribed in multiples of 500 shares; Can't exceed the upper limit of subscription.
(2) It is very important to choose the time to place an order. According to historical experience, the probability of success in placing an order at the opening or closing time is small, so it is best to choose an intermediate time period, such as10: 30 ~1:30 and 13: 00 ~ 14: 00.
(3) New shares will be locked for a period of time due to their participation in the subscription of new shares. If several new shares are issued at the same time in the future, then it is necessary to choose one for full subscription and improve the winning rate.
First of all, give priority to buying a stock with the largest circulating market value, and the chances of winning the lottery will be even greater;
Secondly, because everyone will stare at good companies to purchase, some stocks with relatively poor fundamentals may be left out in the cold. At this time, small and medium-sized funds will take the initiative to purchase varieties that are not very popular in the industry and are expected to increase less after listing, and the winning rate will be higher;
Third, choose varieties with relatively late subscription time, such as new shares issued today, tomorrow and the day after tomorrow. At this time, you should subscribe for the last new share, because everyone usually spends money on the first and second day of subscription, and by the third day, a lot of funds have been used up. At this time, the subscription rate of new shares on the third day is higher.