To subscribe for new shares on GEM, you must have the market value of Shenzhen Stock Exchange. The average market value of Shenzhen Stock Exchange held 20 days before T date exceeds 1 10,000 yuan. Therefore, it is ok not to buy GEM, but you must buy stocks of Shenzhen main board or small and medium-sized board, with an average value above 10000.
GEM IPO application process:
1, subscribed by investors (t day). Subscribe on the day of subscription (T day) according to the issuance announcement and subscription method.
2. Fund freezing, capital verification and transfer (T+ 1). On the first day after the subscription date (T+ 1), the clearing company will freeze the subscription funds. Before 4pm, all subscribed funds must be in place, and the clearing company will cooperate with the qualified accounting firm designated by the Exchange to verify the subscribed funds, and the accounting firm will issue a capital verification report, and the funds actually put in place by the Exchange will be numbered as valid subscriptions (that is, after 4pm, the capital will be verified, the valid subscriptions will be confirmed and numbered according to relevant regulations).
3, lottery, lottery processing (T+2 days). On the second day after the subscription date (T+2), the determined issue price and winning rate will be announced, and the lottery and winning will be handled according to relevant regulations.
4. Funds are unfrozen (T+3 days). Announce the winning results on the third day (T+3) after the subscription date, and unfreeze the funds and pay the subscription funds for new shares according to relevant regulations.