How do individual investors subscribe for the new shares that ICBC will list on the A-share market on the 27th?
Guide for shareholders to subscribe for new shares
Three measures to help you improve the success rate of new share subscription
In the history of Shanghai and Shenzhen stock markets, participating in the subscription of new shares often leads to huge profits. According to the research of Haitong Securities, assuming that all funds are used for subscription of new shares, the one-year rate of return far exceeds the interest rate of bank deposits in the same period. [Full text]
Purchase process
☆ Investor subscription (T day): The investor pays the subscription money in full within the subscription time, and carries out subscription entrustment.
☆ freezing of funds (T+ 1): China Clearing Company will freeze the subscription funds.
☆ Capital verification and numbering (T+2 days): 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).
☆ Lottery (T+3 days): 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.
☆ Funds unfreezing (T+4 days): unfreeze the unsuccessful subscription. Problems needing attention in subscription of new shares
● To subscribe for new shares, a securities account of Shanghai Stock Exchange or Shenzhen Stock Exchange must be established before the issuance date.
● Investors can use their accounts 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,1:00pm-3: 00pm on T-day.
● Each account can only subscribe for the same new share once (excluding funds and convertible bonds). Repeat subscription, only the first subscription is valid.
● The 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.
● The subscription of new shares is irrevocable, and the designated transactions cannot be revoked during the subscription of new shares.
● Every 1000 (or 500) shares are allocated a subscription number, and the numbers allocated by the same subscription are continuous.
● 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.
● Each winning number can only subscribe for 1000 shares (or 500 shares).
● The listing date of new shares will be published in the designated securities journal after being approved by the stock exchange.
● Subscriptions for online pricing of new shares must be paid in full in advance.
● Please read the prospectus and IPO announcement in detail.
Practical operation: teach you to play new shares by hand.
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, subscribe
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.
Step 2 match 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 the lottery
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 funds
On the fourth day (T+4) after the subscription date, unfreeze the unsuccessful subscription. 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.
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