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宇新股份(002986):新股网下询价策略

Yuxin shares (002986): offline inquiry strategy for new shares

國元證券 ·  Apr 20, 2020 00:00  · Researches

On April 21, 2020, Yuxin shares opened an offline inquiry.

Yuxin shares have no transfer of old shares. According to the funds raised in the prospectus, the offering price of Yuxin shares is estimated to be 39.99 yuan, with an estimated price-to-earnings ratio of 19.31 times, higher than the one-month average price-to-earnings ratio of 16.81 times for the chemical raw materials and chemical products manufacturing industry and lower than the 23 times price-earnings ratio red line. The securities investment funds, basic old-age insurance funds established through public offering that participated in the preliminary inquiry of this issue, The average daily market value of unrestricted A shares and unrestricted depositary receipts in Shenzhen market held by the social security fund managed by the investment manager of the social security fund shall be more than 10 million yuan (inclusive) in the first 20 trading days (including the benchmark day) of the two trading days before the initial inquiry. Other offline investors participating in the preliminary inquiry of this issue and their managed placing objects, the average daily market value of unrestricted A shares and unrestricted depositary receipts held in Shenzhen market shall be more than 60 million yuan (inclusive) in the first 20 trading days (including the benchmark date) two trading days before the initial inquiry date. Taking into account the initial number of offerings and the valuation of Anxin Securities to the issuer, the lead underwriter sets the minimum number of shares to be purchased for each allotment object managed by offline investors at 600000 shares, and the minimum unit of change for the number of shares to be purchased is set at 100000 shares, that is, the portion of each allotment object managed by offline investors that exceeds 600000 shares must be an integral multiple of 100000 shares and no more than 2 million shares.

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