T-2 or before: the stock issuing company publishes the prospectus and issuance announcement in the information disclosure media designated by China Securities Regulatory Commission.
T-day (subscription date): investors submit subscription orders in the usual way of buying A shares.
T+ 1 day (funds freeze): the securities business department is responsible for transferring the funds subscribed by investors into the account designated by the stock exchange.
T+2 day (capital verification and allotment): The issuing company and the lead underwriter will verify the capital, generate the allotment number according to the entrustment order of every 1000 shares or 500 shares, and determine the winning rate.
T+3 days (lottery, lottery processing): investors can check the matching number.
When will the new shares know the winning bid?
According to the subscription process of new shares, the announcement time of the winning rate of new shares is the second day after subscription, and the announcement time of winning rate of new shares is the third day after subscription.