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东瑞股份(001201):新股网下询价策略

Dongrui Co., Ltd. (001201): IPO Offline Quotation Strategy

國元證券 ·  Apr 7, 2021 00:00

  On April 8, 2021, Dongrui Co., Ltd. opened an offline inquiry.

There is no transfer of old shares of Dongrui Co., Ltd. According to the capital raised disclosed in the prospectus, the estimated issue price of Dongrui Co., Ltd. is 63.38 yuan. The estimated price-earnings ratio is 11.78 times, lower than the animal husbandry industry's monthly average price-earnings ratio of 19.12 times, and below the 23 times price-earnings ratio red line.

Stock placement targets designated by offline investors who intend to participate in this offering should have a daily market value of at least 10 million yuan (inclusive) of unrestricted A-shares and unrestricted depository receipts in the Shenzhen market 20 trading days (including the benchmark date) before the initial inquiry for this issue began (i.e., April 6, 2021, T-6 (including the same day), and the securities investment funds established through public fundraising methods, basic pension insurance funds, and social security funds managed by social security fund investment managers in the Shenzhen market 20 trading days (including the benchmark date) before the benchmark date. The average daily market value of unrestricted A-shares and unrestricted depository receipts in the Shenzhen market held 20 trading days prior to the benchmark date (including the benchmark date) for off-line investors and their managed placement targets to participate in this offering should be 60 million yuan (inclusive) or more. According to the number of initial offline issuances and the valuation of the issuer by the sponsor (lead underwriter), the sponsor (lead underwriter) set the minimum number of shares to be purchased for each placement target managed by the offline investor at 400,000 shares, and the unit with the minimum change in the number of proposed purchases was set at 100,000 shares. In other words, the portion of each placement target managed by the offline investor must be an integer multiple of 100,000 shares, and not more than 900,000 shares.

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