What are the new rules and techniques for IPO subscription?

Hello, 2018 IPO subscription conditions and subscription process rules.

Starting from 2016, the issuance of new shares of A shares will be subscribed in accordance with the new regulations, mainly including the cancellation of the current pre-payment system for new share subscription, and the method of market value subscription for new share issuance will be changed to the method of market value subscription for new shares, investors can subscribe as long as they have market value, and pay only after winning the lot, emphasizing that the new share subscription makes independent decisions, bears their own risks, and is responsible for their own profits and losses, and securities firms shall not accept investors' discretionary entrustment to subscribe for new shares.

Notice of the new rules for IPO subscription.

1. The average daily holding of 10,000 yuan of non-restricted A** value in the 20 trading days before T-2 (inclusive) can subscribe for new shares, and the Shanghai and Shenzhen markets are calculated separately;

2. If the customer has multiple custody in the same ** account, its market value shall be calculated together. If the customer holds more than one ** account, the market value of the multiple ** accounts will be calculated together. The market value of the credit** account of margin customers is calculated on an aggregate basis.

3. Shanghai can subscribe for 1,000 shares for every 10,000 yuan of market value, and Shenzhen can subscribe for 500 shares for every 5,000 yuan of market value;

Fourth, Shenzhen has a market value of ordinary or credit accounts can be subscribed, Shanghai as long as there is a designated trading account can be subscribed, customers only the first order is valid (according to the issue price**) and can not cancel the order;

6. Customers do not need to pay the subscription funds when subscribing, and after confirming the winning of the lottery on T+2 day, they need to ensure that there are sufficient funds for the settlement of funds for the subscription of new shares at 16:00;

7. Clients who have won the lottery but have not paid in full shall be deemed to have given up the subscription, and those who have won the lottery for 3 consecutive months but have given up the subscription shall not participate in the online IPO subscription within 6 months (calculated on the basis of 180 natural days, including the next day) from the day after the latest abandonment of the subscription.

Important features of new and old share subscriptions.

1. Clarify the abolition of the prepayment mechanism. Investors do not need to pay the subscription funds when making the subscription, and will pay after confirming the winning lot.

2. "Cash on delivery". After winning the lottery for the subscription of new shares, investors should ensure that there are sufficient funds for the settlement of new shares subscription funds at 16:00 on T+2.

3. Those who have won the lottery for 3 times in 12 consecutive months but have given up the subscription will be included in the "new blacklist".

How to apply for the purchase of the new book of sedan shares.

Do you recommend not subscribing for new shares and encourage them to draw blood?

1. Shanghai Stock Exchange:

The starting point of the subscription market value: 10,000 yuan.

Market Cap Criteria: T 2 days.

Quota calculation: 10,000 yuan market value can subscribe for one unit.

Subscription unit: 1,000 shares or integer multiples thereof.

Opening Call Auction: not higher than 120 of the issue ** and not less than 80 of the issue **

2. Shenzhen Stock Exchange:

The starting point of the subscription market value: 10,000 yuan.

Market Cap Criteria: T 2 days.

Quota calculation: 5,000 yuan market value can subscribe for one unit.

Subscription unit: 500 shares or its integer multiples.

Opening Call Auction: not higher than 120 of the issue ** and not less than 80 of the issue **

1. What are the conditions that investors need to meet to subscribe for new shares online?

According to the "Implementation Measures for Online Issuance and Subscription", investors with a market value of more than 10,000 yuan (including 10,000 yuan) can participate in the subscription of new shares, and can subscribe for one subscription unit for every 5,000 yuan market value, and the part less than 5,000 yuan is not included in the subscription quota.

Note: The number of investors who subscribe online shall not exceed the average daily market value of the 20 trading days (including T 2 days) before the T 2 days, nor shall it exceed the subscription limit specified by the lead underwriter, and must be paid in full.

2. What are the precautions for new share subscription?

1. Investors must hold a market value of more than 10,000 yuan and sufficient funds for non-restricted A shares to participate in the online subscription of new shares, and the market value of the Shanghai and Shenzhen markets cannot be combined.

2. Calculate the market value of ** refers to the market value of non-restricted A shares held by investors (including the main board, small and medium-sized board and GEM) at the end of the day on T 2 (T day is the subscription date, the same below), including the market value of the credit account of margin financing and securities lending customers and the market value of the detailed account of **company refinancing guarantee**, excluding the market value of B shares, ETFs, **, bonds or other restricted A shares. If an investor holds more than one account, the market value of the account will be calculated together.

3. If an investor participates in the subscription of an online public offering, the investor's first subscription is a valid subscription, and an investor can only use one ** account to subscribe once, and the rest of the subscriptions will be automatically cancelled by the system. Once the new shares are declared, the order shall not be cancelled. If there are multiple ** issued on the same day, the market value quota available for subscription is applicable to each ** subscription by investors.

4. After the market value of the **T 2nd day is determined, the market value held on the T 2nd day can be sold on the T 1st or T day, and the funds can be used to subscribe for new shares on the T day.

One account cannot be subscribed repeatedly; The subscription of ** new shares in Shanghai must be an integer multiple of 1,000 shares, and the subscription of ** new shares in Shenzhen must be an integer multiple of 500 shares; The maximum limit specified in the subscription letter shall not be exceeded. It is very important to choose when to place your order. Historically, the probability of winning the lot at the opening or when you place an order is very small.

It's best to choose an intermediate time period, such as between 10:30 11:30 and 13:00 14:00, where the entire repository launches an attack on the new share. As a result of participating in the IPO subscription, ** will be locked in for a certain period of time. If multiple new shares are issued at the same time next week, you need to choose the right one and apply for the entire warehouse to increase the winning rate.

The first priority subscription has the largest circulating market capitalization**, and there may be more winners. As everyone will pay attention to the subscription of good companies, some of the relatively poor fundamentals may be ignored, at this time, small and medium-sized ** will actively apply for the less popular varieties in the industry that are expected to rise after listing, and the winning rate will be higher.

Select the symbol that has been subscribed relatively late. For example, there are new shares issued today, tomorrow, and the day after tomorrow. At this point, you should subscribe for the last new share, because everyone usually spends money on the first and second day, and on the third day, a lot of money has already been used up.

At this time, the winning rate of subscribing for new shares on the third day is higher. **Centralized subscription, buy one or two new shares in a large number of subscriptions to increase the probability of winning the lot. When applying for a purchase, an account cannot apply for a purchase more than once.

It's a good idea to sign up for a few more accounts. When applying for a purchase, multiple accounts are next to each other, so multiple accounts can win a lot in a row and easily.

In general, there are more than 10 trading commissions, but this also depends on the company's internal values and the intentions of the main force. Not all new listings will. **Once listed, it can be bought and sold.

Whether it's just listed or has been listed for a long time, it is really difficult to buy a new stock that has just been listed because there is very little trading volume. Whether it is a temporary stop loss after the opening or resumption, it is the upper limit, that is, the direct limit. Although it is not possible to buy it, there are still many people in long queues.

First of all, you should choose the right time, it is particularly important to choose the time to place an order, it is best to choose the middle time period to place an order, to improve the winning rate, but also to understand the development of **, when applying for procurement, do not repeat the application, one can apply at most once.

These tips are to investigate the newly released **, choose according to the ****, choose according to the previous day's development of the new **, and choose according to the development direction of **.

I'm not interested in any of these at all, so I can't ask your questions either.

IPO Subscription Rules:1. The average daily market value of the first 20 trading days before subscribing for new shares must be 10,000 yuan or more;

2. To subscribe for new shares on the Science and Technology Innovation Board and new shares on the Growth Enterprise Market, you must open the permission, otherwise you cannot subscribe;

3. 2 matching numbers for 10,000 market value in the Shenzhen market, 500 shares for each matching number, 1 matching number for 10,000 market value on the Shanghai Stock Exchange (except for the Science and Technology Innovation Board), 1,000 matching numbers for one matching number, 10,000 shares for each matching number, ** on the Science and Technology Innovation Board, 2 matching numbers for 10,000 market value, 500 shares for each matching number;

4. The market value in the Shenzhen market and the market value in the Shanghai market are calculated separately;

5. The first subscription shall prevail, and the subsequent subscription shall be invalid;

6. The market value of multiple accounts of investors can be calculated together;

7. 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 new shares in 12 consecutive months after winning the lot, but there is no full payment, it will be deemed to have given up the new share subscription. The investor's account is not eligible to participate in the online IPO for 6 months.

The main rules for new share subscription are: 1. Within 20 days before the subscription date, you must hold a market value of more than 10,000 yuan per day (calculated separately in Shanghai and Shenzhen); 2. The market value of the credit ** account of the margin customer is calculated into the market value held by the investor; 3. The subscription money should be deposited into the capital account before the subscription entrustment.

Legal basisCompanies Act

Article 133 Resolution on the issuance of new sharesThe general meeting of shareholders of the company shall make resolutions on the following matters when issuing new shares:

1) the type and amount of new shares;

2) New share issuance**;

3) the start and end dates of the new share issuance;

4) The type and amount of new shares to be issued to the original shareholders.

The main rules for IPO subscription are:

1. To be pushed forward 2 days before the subscription date and within 20 days, you must hold a market value of more than 10,000 yuan per day (calculated separately in Shanghai and Shenzhen);

2. The market value of the credit ** account of the margin customer is calculated into the market value held by the investor;

3. The subscription money should be deposited into the capital account before the subscription entrustment.

The basis of the law of the law covers:

Article 133 of the Company Law Resolution on the issuance of new shares.

When a company issues new shares, the general meeting of shareholders shall make resolutions on the following matters: (1) the type and amount of new shares; 2) New share issuance**; 3) the start and end dates of the new share issuance;

4) The type and amount of new shares to be issued to the original shareholders.

What are the conditions for subscribing for the IPO?

There are three conditions:

1. The prepayment for new share subscription should be changed to payment after winning the lot, and the prepayment for new share subscription should be changed to payment after winning the lot. The placement is carried out according to the market value of the ** held, and it can be equivalent to the shareholders who hold the circulating market value without prepayment, and the shareholders have the opportunity to subscribe for new shares.

2. After the adjustment of the rules for non-payment of fees after winning the lottery for three times, punitive measures will be added.

3. There is no low-risk and high-return characteristics.

The third board is also called the share transfer system on behalf of Hu. It refers to the share transfer platform that has the qualification of the agency system to host the brokerage business, and the company adopts electronic trading methods to provide standardized share transfer services for unlisted shares.

Article 13 of the ** Law of the People's Republic of China.

The company's public offering of new shares shall meet the following conditions: (1) It has a sound and well-functioning organizational structure; (2) Have sustained profitability and good financial status;

3) There are no false records in the financial and accounting documents in the last three years, and there are no other major illegal acts; (D) approved by the ***** supervision and management agency of other conditions.

The non-public issuance of new shares by a listed company shall meet the conditions stipulated by the ***** regulatory authority approved by the public and report to the ***** regulatory authority for approval.

What are the requirements for subscribing for new shares?

The conditions for the subscription of new shares include: the advance payment for the subscription of new shares, which will be repaid after winning the bid. The adjusted penalty for non-payment of three lottery winners adds the penalty of "investors who do not pay after winning the lottery three times in 12 consecutive months, and shall not participate in innovation within 6 months".

For small-cap shares of less than 20 million shares, the inquiry link will be cancelled, and the ** will be set by the issuer and intermediaries. The issuance of new shares will be fully market-oriented, which means that even if the new shares win the bid, there is a possibility that the issuance will break, and the era of 12% risk-free return on new shares will be gone forever.

Legal basis