Shang Hai Zheng Quan Bao·2025-08-03 19:46Core Points - Guangdong Provincial Institute of Architectural Science Group Co., Ltd. has received approval for its initial public offering (IPO) of A-shares on the ChiNext board, with a total issuance of 10,466,000 shares priced at RMB 6.56 per share [1][2] Issuance Structure - The issuance will be conducted through a combination of strategic placement, offline inquiry placement, and online public offering [1] - The initial strategic placement quantity is set at 31,398,000 shares, accounting for 30% of the total issuance [2] - The offline issuance will consist of 58,610,000 shares (80% of the remaining shares after strategic placement), while the online issuance will consist of 14,652,000 shares (20% of the remaining shares) [2] Subscription and Payment Process - Investors must fulfill their payment obligations by August 5, 2025 (T+2), with specific instructions for both offline and online investors regarding payment and subscription [3] - Any failure to pay the required subscription amount will result in the cancellation of the allocation for that investor [3][4] Lock-up Periods - For offline investors, 10% of the allocated shares will have a lock-up period of 6 months, while 90% will be tradable immediately upon listing [5] - Strategic placement investors will face a 12-month lock-up period for their allocated shares [5] Subscription Statistics - The online offering received a total of 12,316,902 valid subscription accounts, with a total of 124,352,408,500 shares applied for, resulting in a subscription multiple of 8,487.06 times [7][8] - The final online issuance quantity after the implementation of the allocation mechanism will be 29,304,500 shares, with a final winning rate of 0.0236% [8] Lottery Draw - The lottery draw for the online subscription will take place on August 4, 2025, with results announced on August 5, 2025 [9]