Shanghai stock market needs to hold 1 1,000 shares or more for 20 consecutive trading days; Shenzhen needs to hold 1 1,000 shares or more for 20 consecutive trading days; Growth enterprise market stock market needs to open its authority to meet the requirements of Shenzhen market value; The stock market of science and technology innovation board needs to open its authority of science and technology innovation board to meet the requirements of Shenzhen market value.
Within the upper limit of one thousandth, the purchaser can choose how many shares to purchase, provided that the funds are sufficient. For example, if the issue price of a stock is 5, and investors want to subscribe for 100 shares, that is, 50,000 shares, then they need to take out 250,000 shares to subscribe. After the subscription, the funds will be temporarily frozen, and investors will get 100 numbers at the same time.
In the next few days, lots will be drawn. If one of the investor's 100 numbers is lucky to be drawn, then the investor will win the bid. For example, investors won five numbers, which is 2500 shares. The funds corresponding to the remaining 95 numbers, namely 237,500 yuan, will be returned to the investor's account.
New stock lottery is a professional stock market term, which means that when new shares are issued, they are placed according to the market value you hold. In the actual operation process, the software system will automatically allocate the allocation number according to your subscription input time, and there are 1 10,000 shares per 1 10,000 yuan market value, that is, 1 allocation number. Shenzhen's distribution number is also matched by this distribution right, but 500 shares are 1 distribution number, which will be one more distribution number than Shanghai.
Generally speaking, on T+ 1 day, the day after the subscription, the lead underwriter will announce the winning rate, organize the lottery to form the winning result, and the Shanghai Stock Exchange will send the winning result to the securities company after the closing of the day. T+2 announced the number of new shares won. The lead underwriter announces the issue price and the winning result, and investors can also inquire about the winning result from the securities company designated by them.
Investors who win the lottery shall fulfill the obligation of fund delivery according to the result of the lottery, and ensure that their fund accounts have enough funds for the subscription of new shares at the end of T+2. Therefore, the lottery of new shares was announced two days after the subscription date. According to the announcement of the lottery, investors can enter the stock trading software to inquire whether they have won the lottery. Generally speaking, the winning number will be announced on the second trading day after the purchase date. Usually, the securities company will notify the customer after winning the prize, and only need to leave enough funds in its account on the day of deduction.