What is the IPO allotment What does the IPO subscription allotment mean

New share allotment number: that is, the element that determines the winning result in the new share subscription process.

**Investors, on the online subscription date of the new share issuance, if the cumulative subscription amount exceeds the size of the fundraising, the allocation number will be assigned according to the subscription time order and the prescribed allocation unit (Shanghai ** for every 1,000 shares for one allocation number, Shenzhen ** for every 500 shares) allocation number). Generally, T (subscription date) + 2 trading days will issue the allocation number, and the allocation number n and the first allocation number will be credited to the subscriber's ** account, and a total of n matching numbers will be postponed to the investor.

Finally, all the matching numbers will be randomly drawn to determine the winning result.

Provisions on the number of subscriptions. The exchange has a limit on the number of new shares that can be subscribed by each account. First of all, the lower limit of declaration is 1,000 shares, and the subscription must be 1,000 shares or its whole multiples; Secondly, there is an upper limit for subscription, which is specified in the issuance announcement, and the entrustment cannot be lower than the lower limit, nor can it exceed the upper limit, otherwise it will be regarded as an invalid entrustment.

The new share allocation number refers to the contract number obtained by the investor after completing the new share subscription procedures, which is randomly issued, and the investor gets his own allocation number on T+1 day, and can check the winning number published by the lead underwriter in the newspapers and periodicals designated by the CSRC on T+2 day. Winning the lottery means that if the last digits of your own number are the same as the winning number, you will be awarded the lot, and the new share subscription will be successful.

The Shanghai Stock Exchange stipulates that each subscription unit is 1,000 shares (500 in Shenzhen), the number of subscriptions is not less than 1,000 shares, and more than 1,000 shares must be an integer multiple of 1,000 shares. Just like buying a lottery ticket, the new share winning number is generated in it, if the new share allocation number is the same as the new stock lottery, it is the winning lot, and each winning number can only subscribe for 1000 (or 500 shares) shares. If you do not win the lottery, the funds will be returned after 4 days of freezing.

After subscribing, you can also swipe the card to see the transaction documents ..... 3 days laterIf you subscribe (for example, Shanghai market) 4000 shares, then you have four matching numbers, because the matching number is a consecutive number, so only the first matching number is displayed, and the other matching numbers will naturally know that the subscription of new shares can not be cancelled.

What does the IPO allotment mean?

It's not too clear, there is also a certain risk in allocation, you can learn more about the comparison with tears.

There are so many allocations now, it is definitely not illegal, and those protected by the law have already been investigated if they are illegal. iwv

It refers to the first allocation number given by the investor after subscribing for new shares, and all the allocation numbers are based on the number of allocation numbers given, and so on.

Extended information] If Xiao Wang's matching number is within the range of the winning number announced by the listed company, it means that Xiao Wang has won the lot, otherwise, he has not won the lot.

Generally speaking, the Shanghai Stock Exchange stipulates that the subscription unit is 1,000 shares, and the number of subscriptions for each account is not less than 1,000 shares, and those exceeding 1,000 shares must be an integer multiple of 1,000 shares. **The subscription unit is 500 shares, and the number of shares subscribed for each account is not less than 500 shares, and the part exceeding 500 shares must be an integer multiple of 500 shares, and 500 shares are an allocation number.

In short, the larger the market value of the investor, the more the matching number, and the greater the probability of winning the lottery.

How to check whether the new share allotment number has been selected?

Investors can check whether they have won the lot according to the winning number announced by the listed company, or the winning number announced on some trading software, that is, when the investor's matching number is within the range of the winning number, it means that the investor has won the new shares, otherwise, the new shares have not been awarded.

For example, if the initial allocation number of the new share subscription is 33035256 and the number of the allocation number is 4, then Xiao Wang's matching number in turn is: , and the winning result of the listed company is, and the last four digits are 5259, which means that the investor wins the lottery 33035259 this matching number.

After winning the lot, before 16:00 on the announcement date, the investor must ensure that there are sufficient funds in the ** account, if the investor has a total of 3 subscriptions in 12 consecutive months after winning the lot, but there is no full payment, it will be deemed to have given up the subscription. The account under the investor's name is not allowed to participate in the online IPO for 6 months.

What is the right match between the matching number and the winning number?

Investors can check what their subscription number is in the trading software, and then find the winning number from the Internet, and compare with each other. If you do not win the lot, you will disappear from your account after the third trading day of the subscription.

Investors can check what their subscription number is in the trading software, and then find the winning number from the Internet, and compare with each other. If you do not win the lot, you will disappear from your account after the third trading day of the subscription.

The new share allocation number refers to the contract number obtained by the investor after completing the new share subscription procedures, randomly issued, the investor gets his own allocation number on the T+1 day, and can check the winning number published by the lead underwriter in the newspapers and periodicals designated by the Securities Regulatory Commission on the T+2 day.

The new share allotment number refers to the fact that the investor has completed the subscription of the new shares.

The number obtained after the procedure is randomly distributed.

You can check the winning number published by the lead underwriter in the newspapers and periodicals designated by the CSRC on T+2, and if the last digits of your own number are the same as the winning number, you will be successful and the new shares will be successfully subscribed.

In addition, the investor's subscription funds will be unfrozen on T+4, and investors can also directly check whether the unfrozen funds in their account have been reduced or whether the balance of shares has subscribed for new shares on that day, so as to determine whether they have won the lot.

Extended Materials. Attention to IPO subscription.

1. The subscription of new shares must be completed by the Shanghai Stock Exchange before the issuance date.

or Shenzhen Stock Exchange** account.

2. Investors can use their accounts to subscribe for the new shares issued on the subscription date (hereinafter referred to as T day), and the subscription time is 9:30-11:30 a.m. and 1:00-3:00 p.m. on T day.

3. Each account can only subscribe for the same new stock once (excluding ** and convertible bonds). Duplicate subscription, only the first subscription is valid.

Fourth, the Shanghai market. It is stipulated that each subscription unit is 1,000 shares, and the number of shares to be subscribed shall not be less than 1,000 shares, and those exceeding 1,000 shares must be an integer multiple of 1,000 shares, but the maximum shall not exceed one-thousandth or 10,000 shares of the number of public shares issued online. **。

It is stipulated that the subscription unit is 500 shares, and each ** account.

The subscription entrustment shall not be less than 500 shares, and the number of more than 500 shares must be an integer multiple of 500 shares, but shall not exceed one-thousandth of the number of shares issued at this online pricing and shall not exceed 999,999,500 shares.

5. The entrustment for the subscription of new shares cannot be cancelled, and the designated transaction cannot be cancelled during the subscription period of new shares.

6. Every 1,000 (or 500) shares of new shares are allocated a subscription number, and the number allocated for the same subscription is consecutive.

7. In the event that an investor subscribes for an overdraft (i.e., the total amount of the subscription exceeds the balance of the settlement reserve), the overdraft part will be confirmed as invalid and the subscription will not be allocated.

8. Each winning lot[1] can only subscribe for 1,000 (or 500 shares) shares.

9. The listing date of the new shares shall be determined by the ** exchange.

After approval, it will be published in the designated ** newspaper.

10. The subscription price for the issuance of new shares at online pricing must be paid in full in advance.