What is the process of subscription of new shares?
1. On the day when the new shares are issued (T day), the subscribers shall pay the subscription fee in full according to the issue price and subscription quantity through the counter (or telephone) within the specified time, and the subscription shall end on the day of issuance.
2. On T+1day, all securities departments will transfer the subscription funds into the special account for subscription funds opened by the lead underwriter of the clearing bank.
On 3.T+2, the Exchange and the lead underwriter check the capital situation, determine the effective subscription account and subscription quantity, and transmit the effective subscription data and subscription number records to all securities trading outlets.
4.T+3 announced the winning rate. The subscribers go to the securities department to confirm the subscription number, draw lots on the same day, determine the number of subscribed shares and register shareholders according to the winning situation, and send the winning results to all securities trading outlets through the exchange.
On 5.T +4, the winning number will be announced, and each business department will return the oversubscribed funds, and the subscription funds will be unfrozen. Buyers will check the results according to the published winning numbers.
6. Each entrustment shall not be less than 65,438+0,000 shares, and shall be an integral multiple of 65,438+0,000 shares. The subscription limit is 65,438+0,000 shares, and the subscription must be 65,438+0,000 shares or an integral multiple thereof. Secondly, the subscription ceiling, specifically, when the issuance announcement stipulates that the entrustment cannot exceed the upper limit, otherwise it will be regarded as invalid entrustment and cannot be subscribed.
7. When some investors entrusted to subscribe for new shares by telephone, they mistakenly thought that they had successfully subscribed and obtained the required new shares.