On T+ 1 day, all securities departments will transfer the subscription funds into the special account for subscription funds opened by the lead underwriter of the clearing bank.
On T+2, the exchange and the lead underwriter check the fund situation, determine the effective subscription account and subscription quantity, and transmit the effective subscription data and subscription number records to all securities trading outlets.
T+3 announced the winning rate. The purchaser confirms the subscription number at the securities department, draws lots on the same day, determines the number of shares to be subscribed and registers the shareholders according to the winning situation, and sends the winning results to all securities trading outlets through the exchange.
T +4 announced the winning number, each business department returned the oversubscribed funds, and the subscribed funds were unfrozen. Buyers check the results according to the published winning numbers.