There will be four new shares listed today, including the most expensive new share of nano core micro since the beginning of the year.
The chip stocks of Kechuang board and the whole body of nano core micro are the focus of attention. The issue price of the stock is 230 yuan, the highest price of new shares this year. Nasion micro plans to raise 750 million yuan, with a final fund-raising of 5.8 billion yuan and an over raising of nearly 5 billion yuan. It is known as the “king of over raising” during the year. Wechat was abandoned by retail investors for 780 million yuan online, with a record amount of abandonment. In the case of underwriting 780 million yuan, the lead underwriter of the stock still has a strategic investment of about 100 million yuan, that is, a total of about 900 million yuan.
Hemai, the most expensive new share in the history of A-share IPO, was priced at 557.8 yuan. After listing, it not only did not break, but rose sharply. Whether nano core micro can become the second “Wo Mai shares” has attracted much attention today. In addition to nano core micro, three new shares of saiweidian, Qingyan environment and osheng electric were also listed today. Among them, the online purchase amount of saiweidian is also up to 123 million yuan.
nano chip micro priced at 230 yuan and was abandoned for 780 million yuan
The announcement of the issuance results of new shares of nano core micro shows that in the online issuance of this A-share IPO, investors abandoned the purchase of 3.3815 million shares, with an amount of 780 million yuan, accounting for 38.76% of the total online issuance of 8.7235 million shares. Nearly 40% of the online lottery winning retail investors chose to abandon the purchase. However, the amount of shares abandoned and purchased by offline investors is 0.
The abandonment amount of 780 million yuan, both in absolute terms and in proportion, has once again refreshed history. The abandonment of the purchase has led to the underwriter’s underwriting amount exceeding the highest in history of China Mobile, which was issued at the end of last year and listed at the beginning of this year, with the abandonment amount reaching 756 million yuan. The purchase amount of hengchuangwei’s micro core board has also been abandoned by Kewei for a large amount of RMB 309.5 million recently.
From the perspective of the proportion of abandonment, whether it is the abandonment of nearly 40% of online purchases or the total proportion of underwriting of 13.38%, it is also a historical record. Not only since the credit subscription of new shares in 2016, but also a rare record in the history of A-Shares for more than 30 years.
The sponsor and lead underwriter of this IPO of NSW is Everbright Securities Company Limited(601788) , and the lead underwriter will underwrite the abandonment of this IPO. The underwriting of 778 million yuan and the strategic placement of 116 million yuan by the subsidiary Everbright fuzun have “smashed” nearly 900 million yuan by Everbright Securities Company Limited(601788) and its subsidiaries.
Everbright Securities Company Limited(601788) the recommendation fee and underwriting fee of this order are as high as 203 million yuan, including 3 million yuan of recommendation fee and 200 million yuan of underwriting fee.
securities companies suggest to pay attention after listing
According to the company’s official website, nano core microelectronics is a high-performance and high reliability analog and mixed signal chip design company in China.
It is understood that since its establishment in 2013, the company has focused on product development around various application scenarios. Starting from the sensor signal conditioning ASIC chip, the company has expanded the integrated sensor chip, isolation and interface chip, drive and sampling chip to the front and back ends, forming a product layout of signal sensing, system interconnection and power drive.
According to the prospectus, the performance of NSM has soared in recent years, with a net profit of 50.52 million yuan in 2020 and a net profit of less than 10 million yuan or even a loss in 2018 and 2019, but the growth rate is very fast. It will reach 221 million yuan in 2021 and double in the first quarter of 2022. The net profit is expected to be 70-100 million yuan and the operating revenue is 250350 million yuan.
China Merchants Securities Co.Ltd(600999) research report said that considering the continuous expansion of the company’s product line and the smooth expansion in the fields of communication, industrial control and automobile, the localization rate of products such as isolation and interface, drive and sampling is still low, and there is a wide space for domestic substitution in the future, it is predicted that the operating revenue of nano chip micro in 2022, 2023 and 2024 will be RMB 1.60/2.12/2.76 billion respectively, and the net profit attributable to the parent company will be RMB 460/6.5/850 million respectively, The corresponding earnings per share after issuance are 6.08/8.63/11.17 yuan respectively.
China Merchants Securities Co.Ltd(600999) indicates that the issuing price is 230 yuan / share, the corresponding issuing market value is 23.245 billion yuan, the corresponding static P / E ratio in 2021 is 105 times, and the corresponding P / E ratio from 2022 to 2024 is 50 / 36 / 27 times. The company continues to cultivate high barriers and growth fields such as pan energy and automobile in the follow-up, and has broad growth space in the future. It is suggested to pay attention to it after listing.
Zheshang Securities Co.Ltd(601878) said that the company’s revenue from 2022 to 2024 is expected to be 1.53/2.15/2.9 billion yuan respectively, with a year-on-year increase of 77.22% / 40.43% / 35.31%; The net profit attributable to the parent company was 480 / 698 / 949 million yuan. The corresponding earnings per share are 4.75/6.91/9.39 yuan. The company is a leader in the field of analog chip segmentation, with layout in many fields such as consumption, industry and automobile. The downstream application boom is high, and three simulation companies 3Peak Incorporated(688536) , Sg Micro Corp(300661) , Shanghai Awinic Technology Co.Ltd(688798) are selected as comparable companies. Give the company a valuation of 65 times in 2022, corresponding to a market value of 31.2 billion yuan.
these three stocks are also listed today
in addition to nano core micro, the three new shares of N Saiwei, Qingyan environment and N oshen were also listed today
saiweidian is priced at 74.55 yuan, with a P / E ratio of about 184 times company’s main business is the R & D and sales of analog chips. Its main products take battery management chips as the core and extend to more kinds of power management chips, including battery safety chips, battery metering chips, charging management and other chips.
From 2019 to 2021, saiweidian achieved an operating revenue of 89 million yuan, 180 million yuan and 339 million yuan respectively, with growth rates of 31.93%, 102.98% and 88.31% respectively, and an annual compound growth rate of 95.51%; The net profit attributable to the parent company was 04 million yuan, 32 million yuan and 89 million yuan, with growth rates of 7.69%, 782.15% and 174.86% respectively, and the compound annual growth rate was 392.41%.
Qingyan environment is priced at 19.09 yuan, with a price earnings ratio of 33.39 times company is a high-tech enterprise focusing on the R & D and application of rapid biochemical sewage treatment technology. Since its establishment, the company aims to build a leading R & D and promotion service platform for high-end environmental protection equipment. Facing the application problems in the field of sewage treatment, the company provides customers with sewage treatment process package and related services, and is committed to becoming a leader in the equipment transformation of innovative water treatment technology.
ousheng Electric is priced at 21.33 yuan, with a price earnings ratio of 32.48 times the company’s main business is the research, development, production and sales of aerodynamic equipment and cleaning equipment. Its main products are small air compressors and dry and wet vacuum cleaners. The company is one of the leading manufacturers of aerodynamic equipment and cleaning equipment in China. It is a “high-tech enterprise” jointly recognized by the Department of science and technology, the Department of Finance and the tax bureau of Jiangsu Province. In addition, the company has the industry-leading experimental equipment and product testing capability, and the company’s laboratory has become a satellite laboratory recognized by Intertek.
IPO has these characteristics
Recently, the frequent breaking of new shares has also worried investors, Citic Securities Company Limited(600030) previously sorted out some common characteristics of breaking new shares.
First look at the types of new shares Citic Securities Company Limited(600030) by combing the data, it is found that since October 2021, all the new shares issued on the first day have come from the gem and the science and innovation board, that is, 100% of them belong to the registered new shares. The new shares on the main board under the approval system (the main boards of Shanghai and Shenzhen stock markets) have not broken.
Secondly, whether the valuation is high or not. The P / E ratio of broken new shares has one characteristic: it is either higher than 23 times or not profitable. For the new shares breaking the tide on the first day, after excluding those that have not yet made a profit, 82.61% of the individual shares issued have a P / E ratio higher than that of the industry, which is also a signal of concern.
In addition, from the perspective of profitability, 40% of the unprofitable new shares broke on the first day; Only 4% of the profitable new shares broke.
Fourth, look at the issue price Citic Securities Company Limited(600030) through the data back test, it is found that there is a certain correlation between the performance of new shares after listing and the issue price. Among the broken new shares, the vast majority are at high issue prices; Most of the new shares with the highest increase have lower issuance prices.
