What is the process and operation method of online IPO subscription?

If all new shares are issued and subscribed on the same day (T day), you can check the "Shanghai New Shares" and "Shenzhen New Shares" in the account, which correspond to the new shares (units: shares) that can be subscribed in Shanghai and Shenzhen stock markets respectively. If not, it means that the average daily stock market value in the first 20 trading days of T-2 is less than 1 10,000 yuan, so you are not eligible to subscribe for new shares on that day (note: Shanghai stock market 1 10,000 yuan market value can be matched with a subscription unit (65438+), and Shenzhen stock market value of 5,000 yuan can be matched with a subscription unit (500 shares). If there is, you can subscribe within this quantity range. If your subscription exceeds this amount, the exchange will regard it as invalid subscription. The amount of new shares is dynamically calculated by the exchange according to the market value of your account every day, so it changes every day. To put it simply, take Shanghai as an example, the number of new shares in Shanghai stock market on T day = (the sum of the market value of unrestricted A shares in Shanghai stock market after the close of 20 trading days from T-2 trading day to T-2 1) /20/ 10000, and then round it to the integer × 1000.

Specific subscription operation: On the day of subscription of new shares (T-day), during normal trading hours (9:30- 15:00), enter the subscription form, fill in the subscription code with the stock code, fill in the issue price with the price, and fill in the integral multiple of the subscription unit with the subscription quantity, which must meet the two conditions of 1 and the subscription quantity.

The winning number of new shares is usually after the evening of T+2 18: 00 (in case of Friday, it will be postponed to Sunday night), and major websites will announce the winning number, so you can use your matching number to check whether you win the lottery; Or in the future, after the system completes clearing and delivery, it can directly query its own stock account. Inquire about your subscription number: Enter the stock account on T+2-"Inquiry"-"Issue Number".

T+3 trading days (note that it is not a natural day), you can enter the account to see if you have won the lottery. If the stock in your account disappears and the funds frozen when you buy the stock return to your account, it means that you didn't win the lottery.

After the subscription of new shares is completed, it usually takes 8- 14 days (natural day) to go public. There is also a delay, but it does not exceed 14 days.