KeywordsGem issue price Ding Han placing objects fund purchase
21st Century Economic Report Xiao Qing October 13, the second batch of 9 companies intending to land on the gem began to net placing contributions and online pricing issues. According to the announcement of listing on October 12, the majority of the 9 companies, although most of them are below the median price of the quotation, are still higher than the average earnings ratio of the same industry. And, compared with the first 10 companies issued, the average P/E has been more innovative before and after the release, corresponding to the 2008 diluted average P/e ratio of 57.19 times times, compared with the first batch of 10 average 55 times times the issue price-earnings ratio higher. It can be said that in the gem issued a high price/earnings multiples behind the innovation, the Fund as an important online subscribers is undoubtedly "fuel". The analysis of 9 companies ' institutional reporting shows that the Fund's overall offer is usually the highest among the institutional investors involved in the online subscription. such as Ding Han Technology, the fund's highest declared price of up to 50 yuan/share, corresponding to the issuance of P/E ratio as high as 111.11 times times. 9 Companies, Ding Han Technology's issue price is also the highest, for 37 yuan/share, the lowest for xinning logistics 15.6 yuan/share. The corresponding 2008-year earnings of two companies were 82.22 times and 45.48 times times respectively. For the high price offered by the fund, Century securities researcher Lu Lihua pointed out that "may be mainly to take into account the growth of the gem, so the agency gave a higher premium." "It is worth mentioning that the gem second batch of 9 companies, the North land pharmaceutical industry to become the first from the" New Sanbanxi "to the gem Board of Companies. North land pharmaceutical Industry in the "new Sanbanxi" on the listing price of 5.5 yuan. The issue price for 17.86 yuan/share, after the issuance of P/e 47.89 times times. 9 companies to raise nearly 2,500,000,009 companies in the actual total fund-raising 4.271 billion yuan, of which, online fund-raising 3.417 billion yuan, the net placing capital of 854 million yuan, this figure is lower than the first batch of 10 companies to raise funds. 9 companies originally proposed to raise capital of 1.821 billion yuan, over raising funds of 2.45 billion yuan, over the proportion of 134.54%. Among them, the largest financing for the love of Ophthalmology, the original plan to raise the amount of funds 340.364 million yuan, if the issue of success, the actual amount of funds raised will be 938 million yuan, over the amount of funds raised 597.636 million yuan, the proportion of super raise is 175.6%; Its prospectus disclosed the amount of the proposed funds to raise 204.042 million yuan, if the issue of success, the actual amount of fund-raising will be 541.38 million yuan, over the amount of funds raised 337.338 million yuan, super raise rate: 165.33%. From the ratio of raising funds to raise the proportion, the Chinese yuan Huadian, AI-er and China test test ranked top three. China Yuan Huadian IPO letter of Intent to disclose the amount of funds to be raised for 185 million yuan, if the issue is successful, the actual amount of funds raised by the issuer will be 526.143 million yuan, over the amount of funds raised 341.143 million yuan, super raiseRate of up to 184.4%, ranked first. In addition, the actual collection of funds more than the original plan more than one times the company also, the north of the pharmaceutical industry over the rate of 145.07%, the net-tech super raise ratio of 127.69%. Ding Han technology over the rate of 123.13%, 9 companies, the lowest fund-raising rate for xinning logistics, the original proposed to raise the amount of funds for 140.06 million yuan, if the issue of success, the actual amount of funds raised will be 234 million yuan, after deducting the issuance costs, the amount of capital raised over 68.94 million yuan, The super raise rate is 49.22%. The other two companies billion-Wei Li, Silicon Bao technology over the rate of 92.05% and 82.96% respectively. The fund "add fuel" although this time did not publish the detailed system under the network to purchase the list, but the application of the network under the analysis shows that the second batch of the gem in 9 companies under the network to purchase the team, the Fund has undoubtedly acted as a network under the "leader" role. From the October 12 issue of the announcement of the listing, the eye became the public fund in the eyes of the "favorite." Its initial quotation is not less than the price of all valid quotations corresponding to the cumulative number of the proposed purchase amount of 1.1639 billion shares, the oversubscribed multiple of 173.72 times times. Among them, the fund company placing the number of objects up to 177, the declaration interval of 18-43 Yuan, the median number of 29 yuan, the number of subscriptions to the total amount of purchase volume of up to 59.65%. The second is the billion-latitude lithium energy. Its initial quotation is not lower than the price of all valid quotes corresponding to the cumulative number of proposed purchase amount of the sum of 592.3 million shares, oversubscribed multiple subscription is 134.61 times times. Fund companies to allocate up to 113 objects, the declaration interval of 14-28 Yuan, the median number of 18.80 yuan, the number of subscriptions accounted for the proportion of total purchase amount to 52.7%. Among them, the price of the QFII in the inquiry object is the highest, the weighted average price is 24 yuan/share, the lowest price is the securities company, its weighted average price of 18.87 yuan/share. In addition, the Fund to participate in the purchase of net-bed technology accounted for more than 50%. Its initial quotation is not less than the price of all valid quotations corresponding to the cumulative number of the proposed purchase amount of 563.6 million shares, the oversubscribed multiple of 122.52 times times. Among them, the fund company placing the object quantity 29, the declaration interval is 15-33 yuan, the median number 25 yuan, the requisition quantity occupies the total purchase quantity the proportion is 50.84%. and the highest issue price of the Ding-Han technology, its initial quotation is not lower than the issue price of all valid quotations corresponding to the cumulative number of the proposed purchase amount of 215.8 million shares, oversubscribed multiple of 83 times times. A total of 176 placing objects participated in the preliminary inquiry, in which the fund company, the Securities company and the trust companies involved in the allocation of the number of objects are 85, 55 and 22, respectively, the proportion of the total purchase requisition quantity is 47.99%, 31.59% and 12.82%. In addition, the Fund to occupy the network under the First Army of the purchase of the test and the Chinese-yuan Huadian. ChinaThe sum of the total amount of the proposed requisition quantity for the initial inquiry quotation not below the issuing price is 442.9 million shares, and the oversubscribed multiple is 105.45 times times. Fund companies to allocate the number of objects for 76, the number of subscriptions accounted for the proportion of total purchase volume of 45.68%. China Yuan Huadian Preliminary quotation is not lower than the issue price of all valid quotations corresponding to the cumulative number of proposed purchase amount of 236.6 million shares, oversubscribed multiple of 72.35 times times. The fund company 27 76 placing objects, the requisition quantity is 209.8 million shares, all fund quoted price weighted average value is 30.56 yuan, the declaration quantity occupies the ratio is 44.67%. And the other three companies silicon Bao technology, Xinning Logistics and the North Land Pharmaceutical network under the purchase, the Fund is relegated to the seat. Silicon Bao Technology fund companies to allocate 45 of the number of objects, purchase quantity accounted for the total amount of purchase volume of 37.32%; the proportion of the total purchase amount of sunning logistics is 37.22%; the fund company of North Land Pharmacy is 56, the proportion of purchase amount is 36.12%.
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