What is the unfreezing time of the funds for the IPO subscription

Hello, fund unfreezing (T+3 day) The results of the allotment will be announced on the third day after the subscription date (T+3 day), and the funds will be unfrozen and the new share subscription funds will be transferred in accordance with relevant regulations.

Subscription process:

1. Investor subscription (T day): The investor pays the subscription amount in full within the subscription time and entrusts the subscription.

2. Funds frozen (T+1 day): The subscription funds will be frozen by ChinaClear.

3. Capital verification and number allocation (T+2 day): The exchange will automatically allocate a unified and continuous number to the valid subscription according to the rule of one number for every 1,000 shares (500 shares in Shenzhen) according to the final effective subscription amount.

4. Lottery (T+3 day): Announce the winning rate, and organize the lottery according to the total number and winning rate, and announce the winning result on the next day.

5. Funds unfrozen (T+4 day): The subscription funds for the unsuccessful part will be unfrozen.

According to the Supplementary Notice on the Subscription of Funds for Online Issuance, the time for online subscription of new shares will be shortened from the previous four trading days to three trading days, but it can only be applied upon application by the issuer and the lead underwriter and the consent of the exchange.

According to the supplementary notice, the issuer and its lead underwriter may apply to the exchange to shorten the issuance process of fund subscription and online pricing by one day. The Shanghai and Shenzhen Stock Exchanges merge the capital freezing (T+1 day) and capital verification and allocation number (T+2 day) in the new share subscription process into fund freezing, capital verification and allocation (T+1 day), that is, the things that need to be dealt with on the two trading days of "T+1" and "T+2" are combined into one trading day to operate, so that the unfreezing date of the new share subscription funds becomes (T+3 day), that is, the third day after the subscription date (T+3 day) to announce the winning results, and carry out the unfreezing of funds and the transfer of new share subscription funds in accordance with relevant regulations.

However, the Bank of Communications, which recently subscribed, uses T+2 days, so the specific ** depends on its announcement.

Hello, the freezing of funds is T+1 day, and the subscription funds will be frozen by China Clearing Corporation.

Generally, the funds are returned at 8 p.m. and can be transferred out the next day.

Funds are withdrawable funds that can be transferred out.

In the IPO subscription, the investor's subscription money will be returned to the company's capital account on T+4 day, that is, the investor can use the funds on the fourth trading day after subscribing for the new shares.

If it falls on a Saturday and Sunday as a regular holiday, it will be postponed.

If a stock starts to be subscribed on March 20 (Friday), investors' funds can only be used until March 26.

Investors do not need to pay the subscription fee on the day of subscription (T day), and can "get on the bus first and make up the ticket later". Investors do not need to sell ** in advance to allocate sufficient funds in the ** account, and the cash in the fund account will not be frozen in advance, and can be paid after the new shares are won to achieve "full positions".