The total issuance divided by the number of subscribed shares equals the winning rate.
Shake the number
For example, the winning rate is 0.3%, and three numbers are shaken from 0 to 999.
For example: 009.258.789. Then the winning number is 009.258.789.1009.6438+0258.
1789.2258.2789.2789, etc ... According to the requirement of the Company Law that "the number of shareholders holding no less than 1000 shares should be at least 1000" (referred to as "thousand-person shares" for short), the minimum subscription amount for each unit of IPO in China is as follows. After the subscription of new shares is completed, the lead underwriter will confirm the effective subscription quantity, and then calculate the winning rate of new shares according to the number of issued shares and the effective subscription quantity. Specifically, there are two situations:
(1) When the number of effective subscriptions of investors is less than or equal to the number of shares issued, investors can usually make subscriptions according to the number of effective subscriptions in various places, and the balance will be underwritten by underwriters;
(2) When the number of effective subscriptions of investors is greater than the number of issuance, the host or lead underwriter of the exchange will determine a declaration number for every 65,438+0,000 effective subscriptions, arrange them in turn, and then draw lots to determine the winning number. Each winning subscription number can subscribe for 65,438+0,000 shares.