Offline inquiry strategy for new shares of wangbian electric

Wangbian electric (603191)

On March 22, 2022, Wang substation opened offline inquiry.

It is hoped that there will be no transfer of old shares of transformer. According to the calculation of the raised funds disclosed in the prospectus, the estimated issuance price is 11.86 yuan, the estimated issuance P / E ratio is 22.99 times, which is lower than 49.63 times of P / E ratio of transmission and distribution and control equipment, 43.11 times of P / E ratio of ferrous metal smelting and calendering processing industry, and not higher than the red line of 23 times of P / E ratio of initial new shares in the market.

Based on the two trading days before the initial inquiry of this offering (i.e. March 18, 2022, T-6 (inclusive)) as the base date, the securities investment funds, basic endowment insurance funds and The average daily market value of non restricted A-Shares and non restricted depositary receipts in Shenzhen market held by the social security fund managed by the social security fund investment manager 20 trading days before the benchmark date (including the benchmark date) is more than 10 million yuan. The average daily market value of non restricted A-Shares and non restricted depositary receipts in Shenzhen market held by other offline investors participating in the preliminary inquiry of this issuance and their managed placing objects 20 trading days (including the base date) before the base date shall be more than 60 million yuan (including). Considering the initial offline issuance quantity and the valuation of the issuer, the sponsor (lead underwriter) sets the minimum planned subscription quantity of each placing object managed by offline investors participating in the offline issuance as 3 million shares, and the minimum change unit of the planned subscription quantity is 100000 shares, that is, the part of each placing object managed by offline investors with the planned subscription quantity of more than 3 million shares must be an integral multiple of 100000 shares, And no more than 6 million shares

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