What does Guotai Junan s IPO inquiry mean? Is there a relationship with individual investors?

Hello, Guotai Junan ** Jiangxi Branch is happy to answer for you!

How does the IPO inquiry system work? We will follow the inquiry of the first share of Huadian International, to understand the operation process of the new stock inquiry.

1. After the introduction of the inquiry system for all new shares, all issuers of initial public offerings, including companies that have passed the review of the issuance examination committee and are waiting for issuance, will be required to be issued by inquiry. The issuer and its sponsor shall determine the issuance ** range (inquiry range) based on the results of the inquiry, and the upper limit of the inquiry range shall not be higher than 20% of the lower limit of the range. Huadian's issuance range is determined to be 2 3 yuan shares and 2 52 yuan shares, according to the net profit of Huadian International in 2003 after deducting non-recurring gains and losses, divided by the total share capital after the issuance of earnings per share, the corresponding price-earnings ratio of the ** range is 13 5 times to 14 8 times.

2. Institutional participants in the inquiry and placement inquiry include six types of institutional investors, including ** management companies, ** companies, trust and investment companies, finance companies, insurance institutional investors and qualified foreign institutional investors (QFII) that meet the conditions stipulated by the China Securities Regulatory Commission. The object of inquiry shall independently participate in the cumulative bidding inquiry and ** placement with its proprietary business or the ** investment products under its management. On January 22, 2007, CICC announced the results of the cumulative bidding inquiry and placement under Huadian International, and a total of 84 placing targets were placed, with the proportion of allotment being multiplied and the oversubscription multiple being multiple.

According to statistics, the total number of shares subscribed for offline this time has reached 100 million shares, and a total of 100 million yuan of frozen funds have been frozen.

3. After the trial implementation of the inquiry system for online market value placement by the public, there is no change in the issuance method of online market value placement. After the completion of the cumulative bidding inquiry, except for the placing part to institutional investors, the rest of the shares will be issued to the public investors in the same ** in accordance with the principles and procedures stipulated in the issuance announcement, and the institutions that have obtained the inquiry and placement can also participate. It is reported that Huadian International will be issued on January 24, 2007 on the market value of the placement, January 27 is the payment date for the market value placement, and is expected to be listed on February 3.

Hello! In response to your questions, we have made the following detailed answers for you:

Inquiry is a way to issue new shares, please refer to the relevant company announcement. Thank you!

I hope that our Guotai Junan ** Shanghai Branch can satisfy you!

Personnel: Guotai Junan** financial manager Manager Luo.

Guotai Junan** - know that the enterprise platform is willing to serve you!

The issuance of new shares adopts the inquiry system, which is the first time that when pricing, investment banks and issuers first determine a range of issuance according to the issuer's situation and market demand. Then, based on investor feedback, the issuance is determined at a level that is acceptable to most investors.

For example, Huadian's issuance range is determined to be 2 3 yuan shares and 2 52 yuan shares, according to the net profit of Huadian International in 2003 after deducting non-recurring gains and losses, divided by the total share capital after the issuance, the corresponding price-earnings ratio of the ** range is 13 5 times to 14 8 times.

Speaking of playing new stocks, many people may immediately think of Dongpeng Special Drink a while ago, Dongpeng Special Drink directly rose to more than a dozen boards in a row once it was listed, and it can earn 220,000 yuan after a lot, which is simply the new favorite of the New Territories. Playing new stocks seems to make money quickly, do you know how to play? How to improve the winning rate?

Today, I will tell my friends about the IPO in detail.

Before preparing to speak, let's first receive this benefit - the ** list selected by the institution is freshly released, everyone hurry up to receive it, be careful of missing it: quick collection! Today's list of institutions is newly released!

3. What will happen to the IPO?

Assuming that all aspects go smoothly, the new shares will be listed within 8 14 calendar days from the subscription date.

As far as these two major sectors including the ChiNext and the Science and Technology Innovation Board are concerned, there will be no limit on the rise and fall of the first 5 days of listing, and on the 6th trading day, from this day, the daily rise and fall will be limited to 20%. The price limit on the first day of listing of new shares on the Main Board shall not be higher than 144% of the issue price and shall not be less than 64% of the issue price**. If the issue price is 10 yuan shares, then the day of the most ** will not be greater than the yuan shares, the minimum can not be less than the yuan shares, according to my years of tracking observation, the main board of new shares on the first day of the market usually up and down, the number of later boards is greater than 5, when to sell the new shares, that has to be fully analyzed by the actual situation and the market. If the IPO is broken on the day of listing and lasts**, selling it on the day of listing can effectively reduce losses.

Since the rise and fall of new stocks on the Science and Technology Innovation Board and ChiNext Board are not limited, in order to avoid the stock price falling, if the partner wins the lot, you can directly choose to sell on the first day of listing. In addition, if ** is continuously connected to the board, when encountering the situation of opening the board, the senior sister hopes that everyone can resell it immediately, and it is best to settle the bag for safety.

The essence of ** finally falls on the company's performance, most of them can't judge whether a company is good or not or can not be comprehensively analyzed, resulting in a loss of sight, you can use this stock diagnosis software, put the **** into it, you can check the quality of the **: [free] test your ** is it good?

How do I apply for IPO?

1. Subscription tips.

The subscription is only valid on the same day, which is called T day.

Each ** account can only be subscribed once, and repeated subscriptions are not allowed (except for investment**). The subscription price is the online issue price, and the lower limit of the subscription of each ** account is 1000 shares, and the number of subscriptions must be an integer multiple of 1000, and the upper limit is generally 1 of the issued public shares.

2. Procedures for matching numbers and winning lots after subscription.

T+1 day to receive the subscription and delivery order.

On T+3, the winning rate will be announced, and the delivery order will be received. The first number of the obtained allocation number is displayed in the "Transaction Number" column on the delivery order: the number of allocated numbers obtained is added down (1 number for every 1,000 shares), and the number of allocated numbers displayed in the "Transaction Quantity" column is the number of matching numbers.

Investment** The number obtained from the effective subscription amount: less than 50,000 shares (including 50,000 shares) with one number for every 1,000 shares, 50,000 shares - 350,000 shares for every 1,500 shares, 350,000 shares (including 10,000 shares) for every 1,800 shares, and more than 10,000 copies for every 2,000 shares. On T+4, the winning result will be announced and the delivery order will be collected.

3. Lottery inquiry.

There are two ways to inquire about winning the lot, on T+4 day, customers can query the "**balance" through ** entrustment or self-service entrustment, if there is a reminder of the balance of this subscription segment, it means that the lottery has been won; Customers can also confirm whether they have won the lottery by playing the delivery order, and the delivery order printed by the customer on T+4 day T+4 day in addition to a sell order, there is also a buy order, then the "transaction quantity" displayed on the buy order is the winning quantity, and the customer who has not won the lot does not have this ** new stock delivery order.

When it comes to playing new stocks, the first thing that comes to everyone's mind is the Dongpeng special drink bar a while ago, which has been listed for a short time and has more than 10 consecutive price limits, and you can get 220,000 yuan if you sign it'。The way to make money by playing new stocks seems to be very profitable, do you know how to play it? How to improve the winning rate?

Then I will explain to you about the new stocks.

So before we start talking, let's take a look at this wave of benefits - the ** list selected by the institution is newly released, everyone hurry up and get it, be careful of missing it: quick collar! Today's list of institutions is newly released!

3. What will happen to the IPO?

If there are no accidents, the new shares will be listed within 8 14 calendar days from the date of subscription.

For ChiNext and STAR Market, the limit on the decline of the first 5 days of listing will not be set, and it will be limited from the 6th trading day, and the daily rise and fall limit is 20%. The price limit on the first day of listing of new shares on the Main Board shall not be higher than 144% of the issue price and shall not be less than 64% of the issue price**. If the issue price is 10 yuan shares, then the yuan shares can only be the highest price of the day, the lowest shall not be less than the yuan shares, according to my years of tracking analysis, the general limit is on the first day of the main board new shares listed, and the number of boards in the later period is not less than 5.

As for when to sell new shares, we have to follow the actual situation and the market to analyze it as a whole. If the new stock breaks on the day of listing and lasts, it can be sold on the day of listing to reduce losses.

Since the rise and fall of new shares on the Science and Technology Innovation Board and the Growth Enterprise Market are not restricted to avoid the stock price falling, if the partner wins the lottery, it can be sold directly on the first day of listing. In addition, if the ** is continuously connected to the board, when encountering the situation of opening the board, the advice of the senior sister is to sell it in time and settle the bag for safety.

In fact, in the end, it depends on the performance of listed companies, most of them can't judge whether a company is good or not or can not be comprehensively analyzed, resulting in a loss when buying stocks.

IPO fund subscription is a way to issue new shares. Conducted online under the sub-network. At present, the offline is the number of new shares that are willing to be purchased by the institutions that are qualified to inquire about new shares, and the final number of new shares within the pricing range of the issuer and the underwriting agency.

Online fund subscription is open to all shareholders who hold Shanghai and Shenzhen** accounts and institutions that have not participated in the offline placement. The minimum number of subscriptions is not less than 500 shares, and not less than 1,000 shares in Shanghai, and the excess must be 500 shares or integer multiples of 1,000 shares respectively, and generally not higher than one-thousandth of the number of online issuances. Online subscription on the ** subscription date (T day) according to the issuer's pricing and the product of the amount to be subscribed in accordance with the above provisions, the reserve funds will be frozen by the issuer; On the next day (T+1 day), the capital will be verified and the serial number will be allocated for every 500 shares or 1000 shares; On the morning of the 3rd day (T+2 day), the winning number will be determined by lottery, and each investor who wins the lottery can buy 500 or 1,000 shares, and the unsuccessful funds will be unfrozen and returned to the investor's account that night.

At present, 20% of the issuance is generally issued offline and 80% is subscribed online. In order to ensure smooth issuance, 20% to 50% of the issuance is issued offline, 80% to 50% is subscribed online, and there is a clawback mechanism, and green shoe protection is also set up in special circumstances. Since most of the new shares are still risk-free, there are more subscription funds, and the winning rate of new shares ranges from a few per 10,000 to a few per 1,000, and the number of new shares issued can reach a few percent. Although the subscription of new shares is regarded as a risk-free return, due to the current issuance of new shares, it is not uncommon to encounter a bad market, and it is not uncommon for the listing to break at a loss, and the subscription funds have been repeatedly frozen, and the subscription is not successful, which also leads to the loss of interest.

Therefore, there is no free lunch in the world, and you should remember that there is a risk when choosing anything, and you need to be cautious when entering the market! Before entering the market, you must first use the simulation** to familiarize yourself with the situation, I have used**treasure,**treasure** is synchronous, and there will be virtual funds to buy and sell**, which is very suitable for novice practice. I wish you success.

The subscription of new shares belongs to the primary market.

On the new share subscription quota, we can find out what the subscription quota is, as long as the number of shares is directly filled in within the quota, at present, we want to fill in the quota is to meet the integer multiple of Shanghai 1000, Shenzhen 500 integer multiple.

When it comes to playing new stocks, many people think of Dongpeng Special Drink a while ago for the first time, and as soon as it is listed, there are more than 10 daily limits in a row, and if you win a lot, you can get 220,000, which is very hot in the New Territories. Playing new stocks looks very profitable, do you know how to hit this? How can the winning rate become higher?

Today, I will tell my friends about the IPO in detail.

Before everyone listens, let's get this benefit first - the ** list selected by the organization is freshly released, hurry up and get it, don't miss it: get it quickly! Today's list of institutions is newly released!

3. What will happen to the IPO?

Assuming that all aspects go smoothly, the new shares will be listed within 8 14 calendar days from the subscription date.

Compared with the Science and Technology Innovation Board and the Growth Enterprise Market, there will be no limit on the rise and fall of the first 5 days of listing, and the limit will be 20% from the 6th trading day. The price limit on the first day of listing of new shares on the Main Board shall not be higher than 144% of the issue price and shall not be less than 64% of the issue price**. If the issue price is 10 yuan shares, then the most ** position of the day will not be greater than the yuan shares, can not be lower than the yuan shares, according to my years of tracking observation, the main board of new shares on the first day of the market usually up and down, the number of later boards more than 5, about when to sell new shares, but also in accordance with the actual situation and the market to inductive analysis. If there is a breakdown on the day of the listing of the new stock and it continues to decline, it can be sold on the day of listing to reduce losses.

Since the rise and fall of new shares on the Science and Technology Innovation Board and ChiNext Board are not restricted, to prevent the stock price from falling, the friends who have won the lottery can sell directly on the first day of listing. In addition, if you continue to connect the board, when you encounter the opening of the board, it is also recommended that you sell it immediately and settle the bag for safety.

The basic attributes of ** ultimately have to return to the company's performance, many people can not distinguish whether a company is a good company or the analysis is not in place, resulting in a loss of shares, there is a free platform for diagnosing stocks, enter the ****, you can analyze the quality of the ** you buy: [free] test your ** is it good?