Is there any limit on the subscription amount of new shares?

The new earnings of A shares in Shanghai and Shenzhen stock markets are relatively high, and the probability of breaking new shares after listing is low and the probability of rising is high, so the new activities of stocks are very popular among investors. However, the success rate of Shanghai and Shenzhen A-share new shares is very low, and many investors will choose top-level subscription when participating in innovation. Is there any limit on the subscription amount of new shares? Can you win the top subscription? In order to solve your doubts, we have prepared relevant contents for your reference.

1. Is there any limit on the subscription amount of new shares?

There is a quota limit for investors to subscribe for new shares.

According to the regulations of Shanghai and Shenzhen Stock Exchanges, investors need to hold the market value of the first 20 trading days (including T-2) in their securities accounts on T-2 (T is the online subscription day) to calculate the subscription amount, but investors need to hold more than 20 shares in Shanghai and Shenzhen stock markets 1000 for 20 consecutive trading days to qualify for new shares.

According to the regulations of Shanghai Stock Exchange, investors can subscribe for one unit for every 1 000 yuan of Shanghai stock market value, and the part less than 1 000 yuan is not included in the subscription amount. Each subscription unit is 65,438+0,000 shares, and the number of subscriptions is 65,438+0,000 shares or an integer multiple thereof, which shall not exceed one thousandth of the initial number of shares and 99,999,000 shares at most.

According to the regulations of Shenzhen Stock Exchange, investors can purchase one unit for every 5,000 yuan of Shenzhen market value, and the part less than 5,000 yuan is not included in the purchase quota. Each subscription unit is 500 shares, and the number of subscriptions is 500 shares or an integral multiple thereof, which shall not exceed one thousandth of the initial number of new shares and 99.999 million shares at most.

Second, can the top subscription be won?

Investors' top purchase is to purchase according to the maximum quantity that can be purchased at present. However, even if it is a top-level subscription, the probability of investors winning new shares is low, and they may not be able to win. The probability of winning the lottery is only about four in ten thousand.

For example, if an investor holds Shanghai stock 12 days in 20 trading days, and the stock market value is 100,000 yuan, then the daily average market value of the stock is (12 *10)/20 = 60,000 yuan, and investors can subscribe for1000 yuan. Although investors subscribed for 6,000 shares, because Shanghai and Shenzhen A shares allocated new shares by lottery, investors may be lucky to win 5,000 shares, or they may not win the last one.