On November 4, it was reported that Jiangsu Lianrui New Material Co., Ltd. (hereinafter referred to as "Lianrui new material", stock code 688300), which applied to be listed on the scientific and technological innovation board, issued an initial public offering of shares and an announcement of listing on the scientific and technological innovation board. The company said in the announcement that the offering price is 27.28 yuan per share and it is expected to raise 586 million yuan.
The preliminary inquiry for this issuance of Lianrui new material has been completed on October 31, 2019 (T-3). The company and the sponsor (lead underwriter) UBS Securities Co., Ltd. (hereinafter referred to as "UBS Securities") have negotiated and determined that the price of this offering is 27.28 yuan / share, and the offline offering will not be subject to cumulative bidding inquiry.
Lianrui New Material Co., Ltd. plans to issue 21.4934 million new shares to the public this time, accounting for 25% of the total share capital of the company after issuance, and the total share capital of the company after issuance is 85.9734 million shares. The initial strategic allotment of this public offering is expected to be 107467 shares, accounting for 5% of the total number of this offering; the final strategic allotment is 107467 shares, accounting for 5% of the total number of this offering. The final number of strategic placements is the same as the initial number of strategic placements.
Before the launch of the online and offline call back mechanism, the number of offline issues was 14.29323 million shares, accounting for about 70% of the issue after deducting the final strategic allotment number; the number of online issues was 6.1255 million shares, accounting for about 30% of the issue after deducting the final strategic allotment number. The final total quantity of offline and online issuance is the total quantity of this issuance minus the final strategic placement quantity. The final quantity of online and offline issuance will be determined according to the call back situation.
The subscription date of offline issuance and online subscription of Lianrui new material is the same as November 5, 2019 (t day), in which the offline subscription time is 9:30-15:00, the online subscription time is 9:30-11:30, 13:00-15:00, and the offline investors can only choose one way of offline or online issuance for subscription.
The online and offline subscription of this issuance shall be closed at 15:00 on November 5, 2019 (t day). After the subscription, Lianrui new materials and the sponsor (the main underwriter) will decide whether to start the call back mechanism on November 5, 2019 (t day) according to the online subscription situation, and adjust the scale of offline and online issuance.
The offline allocated investors shall timely and fully pay the subscription funds for new shares and the corresponding brokerage commission for new share allocation according to the announcement of offline preliminary placement results and online winning results disclosed on November 7, 2019 (T + 2), and the funds shall arrive before 16:00 on November 7, 2019 (T + 2).
After winning the new share subscription, the online investors shall perform the obligation of capital settlement according to the announcement on the results of offline preliminary placement and online winning, so as to ensure that their capital account has sufficient new share subscription capital on November 7, 2019 (T + 2), and the insufficient part shall be deemed as abandonment of subscription.
Through preliminary inquiry, Lianrui new material determined that the issue price is 27.28/share, and it is planned to issue 21.4934 million new shares. If calculated according to the issuance price and quantity, if the issuance is successful, the company expects to raise a total amount of 586 million yuan, deducting the expected issuance expenses of 68762235 yuan (excluding tax), and the expected net amount of raised funds is 518 million yuan.
The important time schedule of stock issuance disclosed by Lianrui new material in the announcement shows that the company will conduct offline roadshow from October 28, 2019 (T-6) to October 30, 2019 (T-4), make preliminary inquiry on October 31, determine the issuance price on November 1, publish the online roadshow announcement, conduct online Roadshow on November 4, and apply online and offline on November 5 For purchase, on November 6, the announcement of online subscription and winning rate will be published, the online subscription lottery number will be drawn, and the results of offline preliminary placement will be determined. On November 7, the announcement of offline preliminary placement results and online winning lottery results will be published, on November 8, the offline placement lottery number will be drawn, and on November 11, the announcement of issuance results and prospectus will be published. (Fox)