Is there a profit when the IPO price is less than 20 yuan? Aibulu's highest rise on the first day of listing was nearly 75%, and the price earnings ratio was less than 40 times

Hunan stock aibulu (301259. SZ) was listed on the gem today, opening at 32.00 yuan, up 74%. It once touched 33.80 yuan higher in the session and closed at 30.92 yuan in the afternoon.

On the first day of listing, aibulu became popular, which also gave a wake-up call to those who are keen to make innovations. At present, new shares priced at less than 20 yuan / share still make a profit.

Recently, new shares have been broken frequently. If you don't pay attention to winning the new lot, you may change from "surprise" to "shock". Investors have also changed from mindless innovation to cautious face, and some fixed income + products of securities companies have also begun to withdraw from the new market.

Combined with the closing data of choice on April 25 and the statistics of new shares broken in recent three months, it can be seen that the pricing of new shares broken is mostly higher than 30 yuan. Although there are new shares broken at the price of 20-30 yuan, the relative breaking probability is small. There is no pricing lower than 20 yuan / share in the broken new shares.

The situation in the past week also shows that the new shares with an issue price of 20 yuan / share are relatively safe. On April 20, among the three new shares, JieChuang intelligence (301248. SZ) with an issue price of 39.07 yuan and Fengyi Technology (688279. SH) with an issue price of 82 yuan all broke, and only tuojing Technology (688072. SH) with an issue price of 71.88 yuan received red.

On April 21, Jiarong Technology (301148. SZ), with an issue price of 38.39 yuan, broke at the opening. Zhongyi Technology (301150. SZ), with an issue price of 163.56 yuan, broke off at the opening and closed at 122.19 yuan on the first day of listing, a decrease of 25.29%. Zhongyi technology gained or lost 20000 on the same day, only CNOOC (600938. SH), with an issue price of 10.8 yuan, opened higher and closed up 27.69% on the first day of listing

On April 22, four new shares were listed. The opening price of ousheng electric (301187. SZ) with an issue price of 21.33 yuan broke, and the Qingyan environment (301288. SZ) with an issue price of of 19.09 yuan triggered the second temporary stop. According to the company's second temporary stop price of 42.88 yuan, the first signing of shareholders can make a profit of 11895 yuan

On the same day, the issue price was 74.55 yuan. Saiweidian (688325. SH) also broke at the opening and closed down 26.06% on the first day. However, it is not certain that high priced stocks will break. For example, the chip enterprise nano chip micro (688052. SH), which was listed on the science and Innovation Board on April 22, issued at a price of 230 yuan / share, up 12.86% on the first day to close at 259.58 yuan. Obviously, the company has high recognition of its hard technology ability.

In contrast to the break, there have also been daily limit increases since the listing of new shares. For example, Hefu China (603122. SH), which is engaged in intensive business of in vitro diagnostic products, has an issue price of 4.19 yuan, with an increase of 43.91% on the first day. Since then, the limit has increased for many days, once up to 27.27 yuan, and the highest increase in the session has reached 442%. However, after the high point, it also began to decline for many days. At present, the stock price has returned to about 12 yuan.

financial Associated Press reporter found that the issuance price of new shares is safer within 20 yuan, and higher than 30 yuan is more likely to break. It is safer to have a P / E ratio of less than 40 times, and higher than that, the risk increases

Looking at aibulu according to this law, it is not difficult to find that it also conforms to the characteristics of "the issue price is less than 20 yuan and the P / E ratio is less than 40 times". Abulu issued 30 million shares on the gem this time, with a total share capital of 120 million shares, an issue price of 18.39 yuan and an issue price earnings ratio of 34.44 times.

Of course, it has something to do with its own characteristics that aibulu can get the favor of funds on the first day of listing. Unlike China's environmental enterprises, which mostly focus on urban environmental governance, aibulu focuses more on rural environmental governance. At present, the A-share market even lacks similar companies that can fully match the target.

As one of the earliest enterprises in China to systematically carry out comprehensive treatment of rural environment, aibulu can provide whole industry chain system solutions such as investment, consulting, design, construction, product and operation management, which has certain characteristics in market segments.

The total amount of funds actually raised by aibulu this time is 552 million yuan, 204 million yuan higher than the original plan. It is intended to be used for fund-raising projects such as the construction of integrated equipment production base for soil remediation agents and sewage treatment, and the upgrading and construction of R & D and design center.

From 2019 to 2021, aibulu achieved operating revenue of 440 million yuan, 492 million yuan and 522 million yuan respectively, and net profit of 52.81 million yuan, 58.9 million yuan and 71.03 million yuan.

At present, the company's business layout has involved many provinces such as Hunan, Jiangxi, Hubei and Anhui. Among them, the number, scope and contract amount of agricultural non-point source pollution control projects are among the top in the country. Zhong Rubo, chairman of the company, also said in an interview that after listing, we should seize the opportunity of Rural Revitalization and make a difference in the "blue ocean" of rural environmental remediation.

Fang Xinghai, vice chairman of China Securities Regulatory Commission, said on April 21 that in response to the recent decline of some IPOs below the issuance price, it is not that there are too many IPOs, but that the pricing should be more appropriate, recognized by the market and further improved. From the performance of aibulu's listing today, under the registration system, new ideas and reference indicators need investors to conduct more prudent research and judgment, and also test investors' eyesight.

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