Despite the outbreak disturbance in March, securities companies and investment banks still made good achievements in helping direct financing.
According to the financial terminal data of China stock market news choice, according to the statement Statistics of the issuer, 18 securities companies completed the IPO underwriting business in March, raising a total of 53.441 billion yuan; 20 securities companies have made gains in additional issuance, raising a total of 47.011 billion yuan (or purchasing assets); In addition, there was no allotment underwriting in March. Securities firms and investment banks raised 100452 billion yuan of equity in March.
IPO underwriting: Guotai Junan Securities Co.Ltd(601211) the largest number of sponsors Dongxing Securities Corporation Limited(601198) became a dark horse
According to the data from the financial end of the financial terminal of the news choice from the market of China’stock market, the cake in March was carved up by 18 brokers in the same month, according to the data from the financial terminal data from the financial terminal data from the financial terminal of the news from the news from the news from the market of the market ” ” ” ”s choice choice from the financial terminal data from the financial terminal of the financial terminal of the financial terminal from the financial terminal data from the price of the last month of March. The cake in March was carved up by 18 brokers, which are: 601 Guotai Junan Securities Co.Ltd(601211) Guotai Junan Securities Co.Ltd(601211) underwriting sponsor, Huaxi Securities Co.Ltd(002926) , Daiwa Securities (China), JPMorgan securities (China), Chinalin Securities Co.Ltd(002945) , Changjiang Securities Company Limited(000783) underwriting sponsor, Central China Securities Co.Ltd(601375) Anxin securities and China Industrial Securities Co.Ltd(601377) .
In March, Guotai Junan Securities Co.Ltd(601211) became the biggest winner in the IPO field. Although headquartered in Shanghai of the anti epidemic center, Guotai Junan Securities Co.Ltd(601211) completed 8 IPO underwriting, of which 4 were co lead underwriters. The 8 single projects are Puyuan Jingdian, minglida, Zhongfu Shenying, Tianyi medical, tynkon, Foxconn, Heyuan biology and Wankong intelligent manufacturing.
Haitong Securities Company Limited(600837) also headquartered in Shanghai performed well, completing the lead underwriting of four IPOs, one of which was co underwriting China International Capital Corporation Limited(601995) has also completed the lead underwriting of four IPOs, of which one is co underwriting.
China Securities Co.Ltd(601066) , Minsheng securities and Huatai United have all completed three lead underwriters, and one of them is a joint underwriter The main underwriter of great wall and the main underwriter of Dongxing have been completed separately.
It is worth mentioning that the overall champion of single fund-raising this month was not won by head securities companies such as CITIC and Haitong, which ranked among the top five in net capital.
On March 17, 2022, Tengyuan cobalt industry sponsored by Dongxing Securities Corporation Limited(601198) was listed on the gem of Shenzhen Stock Exchange. The number of shares publicly issued was 31486900, and the issue price was 173.98 yuan / share. The total amount of funds raised by Tengyuan cobalt industry in this issuance reached 5.478 billion yuan, and the net amount of funds raised after deducting the issuance expenses was 5.204 billion yuan.
According to the prospectus disclosed by Tengyuan cobalt on March 14, 2022, the company plans to raise 2.198 billion yuan for the off-site intelligent technological transformation and upgrading of 20000 tons of cobalt and 10000 tons of nickel metal products, the supporting production project of raw and auxiliary materials (phase II) and supplementary working capital, and finally raised 3.006 billion yuan Dongxing Securities Corporation Limited(601198) obtained 245 million yuan of underwriting and recommendation income from this single order.
In terms of the total underwriting revenue obtained from IPO, 18 securities companies shared a total revenue of 3.233 billion yuan in the IPO field in March. Of which Guotai Junan Securities Co.Ltd(601211) ranks first with a total of 645 million yuan and China International Capital Corporation Limited(601995) ranks second with 484 million yuan (if the issuer’s prospectus does not disclose the respective expenses of the joint lead underwriters, Dongcai will distribute them equally according to the calculation). Compared with the industry’s IPO underwriting income of only 695 million yuan in February, the IPO field of securities companies and investment banks ushered in a bumper harvest in March.
Additional issuance: 20 securities companies share “cake” large orders frequently, attracting attention
The competition in additional issuance is more intense. In March, a total of 20 securities companies made achievements in the field of additional issuance, helping listed companies realize additional issuance of 47.011 billion yuan. However, the income brought by refinancing to securities companies is much less than that of IPO. According to the issuance expenses announced by listed companies, 20 securities companies received a total of 338 million yuan of underwriting or financial advisory income.
According to the statistics of China stock market news choice financial terminal, China Securities Co.Ltd(601066) “riding on the dust” has appeared in the additional issuance of six listed companies, all acting as independent lead underwriters or independent financial advisers Citic Securities Company Limited(600030) appeared in the lead underwriters of three listed companies and also acted as independent lead underwriters or independent financial advisers. Huatai united, Guotai Junan Securities Co.Ltd(601211) , and Anxin securities all handed over their transcripts for additional issuance, but one of them was jointly underwritten.
It is worth mentioning that the additional issuance in March frequently showed large orders, including many large projects with benchmarking significance.
Citic Securities Company Limited(600030) as the financial adviser Guangxi Liugong Machinery Co.Ltd(000528) major asset restructuring is the most concerned additional issuance project. According to relevant data, on December 24 last year, Guangxi Liugong Machinery Co.Ltd(000528) received the approval of the CSRC for the merger of Guangxi Liugong Machinery Co.Ltd(000528) Co., Ltd. According to the transaction plan, the listed company plans to issue shares to Guangxi Liugong Machinery Co.Ltd(000528) group, recruitment service trade and other counterparties to absorb and merge Guangxi Liugong Machinery Co.Ltd(000528) Co., Ltd., and the price of the underlying assets is RMB 7.428 billion. After this transaction, Guangxi Liugong Machinery Co.Ltd(000528) Co., Ltd. is cancelled, and the listed company, as the surviving company, inherits and undertakes all the assets of Guangxi Liugong Machinery Co.Ltd(000528) Co., Ltd., the horizontal competition and related party transactions will be reduced, and the independence of the listed company will be enhanced.
According to the announcement of Guangxi Liugong Machinery Co.Ltd(000528) , after the merger of Guangxi Liugong Machinery Co.Ltd(000528) Co., Ltd. is completed, the company’s operating revenue target in 2022 is 33.5 billion yuan, including 26.7 billion yuan in China and 6.8 billion yuan in the world. The project with the underlying assets of 7.428 billion yuan has also become the largest one completed by securities firms and investment banks in the field of additional issuance in March this year. However, since Guangxi Liugong Machinery Co.Ltd(000528) did not disclose the details of the financial consulting fee, it is unknown how much Citic Securities Company Limited(600030) can earn from it.
Fu Jian Anjoy Foods Co.Ltd(603345) dingzeng, with China Securities Co.Ltd(601066) as the lead underwriter, is also very eye-catching.
According to the announcement, Fu Jian Anjoy Foods Co.Ltd(603345) this fixed increase was completed on March 10. The fixed increase issuance price was up to 116.08 yuan / share, a total of 488849 million shares were issued to 19 specific objects, and the total amount of funds raised was 5.675 billion yuan; After deducting various issuance expenses, the net amount of funds raised was 5.634 billion yuan. It is mainly used for capacity construction and expansion, technology upgrading and transformation, information construction, supplement of working capital, etc. related to the company’s main business.
Fu Jian Anjoy Foods Co.Ltd(603345) this fixed increase attracted the participation of many funds. Finally, China Merchants Fund subscribed 3.6647 million shares with 425 million yuan, Hongde fund subscribed 3.5536 million shares with 412 million yuan, and harvest and CAITONG funds subscribed more than 3.4 million shares with 404 million yuan and 402 million yuan respectively. The south, rich countries, Central Europe and Hua’an fund also participated in the fixed growth to varying degrees. As the lead underwriter, China Securities Co.Ltd(601066) obtained an income of 39.72 million yuan.
