The Shanghai Stock Exchange stipulates that the subscription unit is 1 1,000 shares, and the subscription number of each account is not less than 1 1,000 shares, and the number exceeding 1 1,000 shares must be an integer multiple of 1 1,000 shares; The Shenzhen Stock Exchange stipulates that the subscription unit is 500 shares, and the subscription number of each account is not less than 500 shares. The number of shares exceeding 500 must be an integer multiple of 500 shares. Each valid ordering unit corresponds to a matching number.
Subscription time: the subscription time of the two cities is 9: 30 am ~165438+0: 30 pm and 1: 00 ~ 3: 00 pm on the issue date.
An account can only be purchased once: in terms of the number of purchases, all the Shanghai and Shenzhen transactions clearly stipulate that the fund purchase follows the principle of "once declared, it is not allowed to withdraw the order". Each securities account can only be subscribed once, and multiple subscription instructions of the same securities account are considered invalid except for the first subscription.
New share subscription process:
1, subscription entrustment
On the day of subscription (T+0), the investor will pay the subscription fee in full through the securities business department connected with the SSE within the subscription time according to the issue price and subscription quantity specified in the issuer's issuance announcement, and make the subscription entrustment.
2. Freeze funds
On the first day after the subscription date (T+ 1), China Securities Depository and Clearing Shanghai Branch will freeze the subscription funds. If the subscription funds cannot be credited in time due to bank remittance, the transfer voucher of the transfer bank shall be provided on T+ 1 day, and the subscription funds shall be credited on the morning of T+2, and the interest will be frozen as soon as the subscription funds are paid one day.
3. Capital verification and numbering
On the second day after the subscription date (T+2), China Securities Depository and Clearing Shanghai Branch will cooperate with the qualified accounting firm designated by SSE to verify the subscription funds, and the accounting firm will issue a capital verification report, and the actual funds will be used as a valid subscription. The issuer shall pay the capital verification fee to the accounting firm responsible for capital verification of subscription funds.
4. Lucky draw
The lead underwriter will announce the winning rate on the third day (T+3) after the subscription date, and organize the lottery according to the total allocated quantity and winning rate, and announce the winning results the next day. Each winning number can subscribe for 1000 new shares. The securities business department shall announce the lottery winning results in a prominent position the next day.
5. Lottery processing
China Securities Depository and Clearing Shanghai Branch made a lottery settlement for the subscription of new shares on T+3, and sent the lottery data to the participating securities companies after the market closed on the same day.
6. End of distribution
On the fourth day after the subscription date (after T+4), the lead underwriter will transfer the subscription funds transferred by China Clearing Shanghai Branch to the bank account designated by the issuer after deducting the underwriting fees according to the underwriting agreement.