New Stock purchase process | introduces the new stock purchase process

Because 99% of the new shares are higher than the purchase price, the purchase of new shares does not require any transaction costs. If the strategy is proper, the annual income can exceed 10%. Therefore, creating new shares is almost no risky financial investment. How can we purchase new shares?

New Stock purchase process

(1) investor subscription (the day on which new shares are subscribed): The investor pays the full amount of the subscription within the subscription time and entrusts the user to purchase the new shares.
(2) frozen funds (the first day after the purchase): The China Settlement Company will freeze the purchase funds.
(3) capital verification and Allocation Number (the second day after the purchase): The exchange will assign a number per 1000 (500 shares in Shenzhen) shares based on the final amount of valid subscriptions, the transaction host automatically carries out unified continuous allocation of valid subscriptions.
(4) lottery drawing (the third day after purchase): announce the signing rate, and organize Lottery Drawing Based on the total number of matching numbers and the signing rate. The signing result will be announced the next day.
(5) Announcement of the signing number and unfreezing of funds (the fourth day after the purchase): the unsigned part of the subscription will be unfrozen.
Note: The above process is exclusive to individual new shares (For details, refer to the prospectus published on this website at the time of issuance of new shares)
Tip: the above date is the report date, the signing rate and the signing number can be queried on this website one day in advance

Fund IPO process

The online pricing and issuance processes of fund subscriptions published by the two exchanges are basically the same. On the day of subscription, investors must pay the full amount of the subscription according to the issuance price and valid purchase quantity specified in the issuer's announcement to subscribe to the Commission. The securities trading outlets shall not accept the relevant procurement Commission if the payment for the subscription by investors is insufficient. Assume that Michael has 0.5 million yuan in cash in his account, and he wants to subscribe to a new stock named "××××. PurchaseProgramAs follows:

1. New share subscription

XX shares will be issued at the certificate board on April 9, June 1 at a price of 5 RMB/share. Zhang San may be at AM on July 15, June 1 (t ~ One o'clock P.M. or ~ 3. You can use the Commission system to purchase a maximum of 0.5 million XX shares for the 0.1 million yuan subscription. The funds involved in the purchase will be frozen.

2. Assignment of new shares

On the second day after the purchase date (t + 2), The SSE will sell new shares based on the total valid purchase amount: (1) if the valid purchase amount is less than or equal to the current online circulation, no lottery is required, all matching numbers are signature numbers, and investors subscribe to shares based on valid subscriptions;
(2) If the number of subscriptions is greater than the current online circulation, the lottery will be used to determine the valid purchase signature number, and each Chinese signature number will be used to subscribe a new share of the purchasing unit. The number of subscriptions usually exceeds the circulation.

3. New Share signing

The signing rate will be announced on the third day (t + 3) after the purchase date. Based on the general matching number, the lead underwriter will host the lottery and confirm the result of the lottery, then, the results of the signing will be published on the designated media on the first trading day (t + 4) after the lottery. Each signing number can subscribe to 1000 new shares.
4. Unfreeze new stock funds
On the fourth day (t + 4) after the date of purchase, the signing number is announced to unfreeze the unsigned portion of the subscription. If John loses 1000 shares, 0.495 million yuan of funds will be returned to his account. If the funds fail to be signed, all the funds of 0.5 million yuan will be withdrawn. Investors should also note that the issuer can make a return on the number of online issuance and the number of offline issuance based on the purchase conditions, and ultimately determine the stock distribution for institutional investors and public investors.

Considerations for purchasing new shares
Note: You must have an account for the Shanghai Stock Exchange or Shenzhen Stock Exchange before the issuance date.
Note: investors can use their account to subscribe to and issue new shares on the date of purchase (hereinafter referred to as T). The purchase time is from AM to AM and from AM to AM.
Note: Each account can only subscribe to the same new stock once (excluding funds and convertible bonds ). Repeated purchase, valid only for the first purchase.
Note: Shanghai Stock Exchange stipulates that each purchase unit is 1000 shares, and the number of purchases should not be less than 1000 shares. The number of more than 1000 shares must be an integer multiple of 1000 shares, however, the maximum number of public shares on the Internet may not exceed 99.999 million. Shenzhen stipulates that the purchase unit should be 500 shares, and each securities account should not less than 500 shares. The number of more than 500 shares must be an integer multiple of 500 shares, but cannot exceed the number of online pricing releases, and no more than 999,999,500 shares.
Note: you cannot withdraw the order from the Commission for purchasing new shares, and the specified transaction cannot be canceled during the new share subscription period.
Note: Each 1000 (or 500) shares of a new stock are bought with one purchase order number, and the number of the same purchase is continuous.
NOTE: If an overdraft purchase occurs for an investor (that is, the total amount of the purchase exceeds the balance of the Settlement Fund), the overdraft part is confirmed as invalid purchase and no Sn is assigned.
Note: You can only subscribe to 1000 (or 500 shares) shares for each signature.
Note: The IPO date is published on the designated securities news after the approval of the stock exchange.
Note: purchase online pricing new shares must be fully prepaid.
Note: The new stock online is the fastest and most authoritative new stock professional website in China, when you subscribe to new shares, check the prospectus, announcement on the market, and signing announcement released by the listed company online.

Sanmao comments