1. Purchase
XX shares, each 5 yuan, will be issued in Shanghai on June/kloc-0. Zhang San can buy up to 65,438+000,000 shares of XX from 9: 30 am to 65,438+065,438+0: 30 am or 65,438+0: 00 pm on 65,438+0, and use this 500,000 yuan to buy up to 65,438+000,000 shares through the entrustment system. The funds participating in the subscription will be frozen.
Step 2 match the number
On the second day after the subscription date (T+2), the Shanghai Stock Exchange will place new shares according to the effective subscription amount:
(1) If the effective subscription amount is less than or equal to the online circulation, there is no need to draw lots, and all matching numbers are lottery numbers. Investors subscribe for shares according to the effective subscription amount;
(2) If the number of subscriptions is greater than the online circulation, the effective subscription winning number is determined by the lottery, and each winning number subscribes for 1 subscription unit. Subscriptions often greatly exceed circulation.
Win the lottery
The winning rate will be announced on the third day (T+3) after the subscription date. The lead underwriter will preside over the lottery according to the total distribution, confirm the lottery results, and announce the lottery results in the designated media on the first trading day (T+4) after the lottery. Each winning number can subscribe for 1000 new shares. After successful subscription, new shares can only be subscribed on the issue date of new shares.
4. Unfreeze funds
On the fourth day after the purchase date (T+4), unfreeze the unsuccessful purchase price. If Zhang San wins 1 1,000 shares, 495,000 yuan will be paid back; If he doesn't win the bid, 500,000 yuan will be returned. Investors should also note that the issuer can recover the number of online and offline issues according to the subscription situation, and finally determine the stock distribution of institutional investors and public investors.
New share issuance rules
20 trading days before 1.T-2 (inclusive), you must hold at least 10000 yuan of unrestricted A shares before you can subscribe for new shares. Shanghai and Shenzhen are calculated separately;
2. All accounts with the same name and surname (including margin financing and securities lending accounts) are combined to calculate the market value of T-2;
3. Shanghai Stock Exchange 10000 yuan can buy 10000 shares, and Shenzhen Stock Exchange can buy 500 shares at 5000 yuan. How many shares can you buy in your own account? The trading software will prompt when placing an order;
What needs everyone's attention here is that when customers buy, they don't need to freeze the funds in advance, and they need to pay after winning the prize.
To sum up, if the new share subscription is successful, it will be a happy thing and basically make money. In addition, we should remind everyone that if the subscription funds are insufficient, it will be regarded as giving up the subscription, and sufficient funds must be prepared.