About subscription of new shares

(1) Investor subscription (on the day of subscription of new shares): The investor pays the subscription money in full within the subscription time, and makes the subscription entrustment.

(2) Freezing of funds (the first day after subscription): China Clearing Company will freeze the subscription funds.

(3) Capital verification and numbering (the day after subscription): The Exchange will automatically assign a number to the valid subscription according to the rule of assigning a number to every 65,438+0,000 shares (500 shares in Shenzhen Stock Exchange).

(4) Lottery (the third day after purchase): announce the winning rate, organize a lottery according to the total number of people and the winning rate, and announce the winning results the next day.

(5) Announce the winning number and unfreeze the funds (the fourth day after the subscription): unfreeze the unsuccessful subscription.

Note: Except for individual new shares in the above process (see the prospectus published on this website when issuing new shares for details).

Tip: the above date is the date of publication, and the winning rate and winning number can be inquired on this website one day in advance.

Capital IPO process

The procedures of fund subscription and online pricing issued by the two exchanges are basically the same. On the day of subscription, investors should pay the subscription money in full according to the issue price and effective subscription quantity stipulated in the issuer's issuance announcement, and make subscription entrustment. If the subscription amount paid by investors is insufficient, the securities trading outlets shall not accept the relevant subscription entrustment. Suppose Zhang San has 500,000 cash in his account, and he wants to participate in the subscription of new shares called "×××××". The subscription procedure is as follows:

1, subscription of new shares

XX shares will be issued in Shanghai Stock Exchange on June 1 at the issue price of 5 yuan/share. On June 1 day (T-day), Zhang San can use this 500,000 yuan to buy up to 654.38+10,000 shares of XX through the entrustment system from 9: 30 am to1:30 am or 1 ~ 3 pm. The funds participating in the subscription will be frozen.

2, the new shares with the number

On the second day after the subscription date (T+2), SSE will issue new shares according to the effective subscription amount: (1) If the effective subscription amount is less than or equal to the online circulation amount, there is no need to draw lots, all allocation numbers are lottery numbers, and investors will 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 numbers shall be determined by drawing lots, and each winning number shall subscribe for a new subscription unit share. Subscriptions often exceed circulation.

Step 3 win new shares

The winning rate will be announced on the third day (T+3) after the purchase date, and the winning result will be confirmed by the lead underwriter according to the total allocation number. The winning result will be announced in the designated media on the first trading day (T+4) after the lottery. Each winning number can subscribe for 1000 new shares.

4. Unfreeze the new share funds

Announce the winning number on the fourth day (T+4) after the subscription date, and unfreeze the subscription money that has not been won. If Zhang San wins 1 1,000 shares, then 495,000 yuan will be returned to the account. If he doesn't win the lottery, all 500 thousand will be returned. Investors should also note that the issuer can call back the number of online issues and the number of offline issues according to the subscription situation, and finally determine the number of shares allocated to institutional investors and public investors.

Problems needing attention in subscription of new shares

Note: the subscription of new shares must be completed in the securities account of Shanghai Stock Exchange or Shenzhen Stock Exchange before the issuance date.

Note: Investors can use their account to subscribe for new shares issued on the subscription date (hereinafter referred to as T-day), and the subscription time is 9: 30am-165438+0: 30pm,1:00-3: 00pm on T-day.

Note: Each account can only subscribe for the same new share once (excluding funds and convertible bonds). Repeat subscription, only the first subscription is valid.

Note: Shanghai Stock Exchange stipulates that each subscription unit is 65,438+0,000 shares, and the number of subscriptions is not less than 65,438+0,000 shares. If it exceeds 65,438+0,000 shares, it must be an integer multiple of 65,438+0,000 shares, but the maximum number shall not exceed the number of public shares issued online or 99,999,000 shares. The Shenzhen Stock Exchange stipulates that the subscription unit is 500 shares, and the subscription entrustment of each securities account is not less than 500 shares. The number of shares exceeding 500 must be an integer multiple of 500 shares, but it must not exceed the number of online pricing issues and not exceed 99999500 shares.

Note: The subscription of new shares is irrevocable, and the designated transactions cannot be revoked during the subscription of new shares.

Note: every 1000 (or 500) shares subscribed for new shares are assigned a subscription number, and the numbers allocated for the same subscription are consecutive.

Note: In case of overdraft subscription by investors (that is, the total subscription amount exceeds the balance of settlement reserve), the overdraft part will be confirmed as invalid subscription and will not be numbered.

Note: Each winning number can only subscribe for 1000 shares (or 500 shares).

Note: The listing date of new shares will be published in the designated securities journal after being approved by the stock exchange.

Note: The subscription fee for issuing new shares through online pricing must be paid in full in advance.

Note: IPO Online is the fastest and most authoritative IPO professional website in China. Please pay attention to the prospectus, listing announcement, winning announcement, etc. Issued by listed companies when they subscribe for new shares on IPO online.