Tutorial Part 3- Checking Your IPO Application Status Online on Maybank2u

How to check your IPO application status on (Maybank2u)

1. Click the link to open the Maybank2u website.  
2. Once logged in, click on "Apply" option located in the top menu.  
3. In the middle bar, click on "Investment" to continue.  
4. Scroll down and find "View IPO Status," and click "Apply Now."  
5. This will show you both your current and past IPO statuses.  

step 1,2

step 3

step four

step five

Meaning	Description
Issuing House	There are these Two issuing houses: 1.TIIH – Tricor Investor & Issuing House 2.MIH – Malaysian Issuing House
Share Issue No	Issuing code of the IPO (starts with either T or M)
Share Name	IPO Company Name
Units Applied	The total units of shares an applicant applied for during the IPO application period.
Amount	The total balance an applicant paid to apply for an IPO.
Channel	Normally it will show "M2U" here.
Status	The status of the IPO when you log in, which can be: - Pending (You still need to wait for an update) - Partially Matched (You get part of your applied shares) - Successful (You get all your applied shares) - Unsuccessful (You didn’t get any allotment) - Auto Reserved (Your IPO application is settled)
Reimburse Amount	It shows the amount after deducting the amount needed for your partially successful/successful shares allotted. If your status shows "Unsuccessful", the amount here will be identical to the initial amount you applied before.
Partial/Successful Amount	It will be RM 0 if your status shows "Unsuccessful". It will be the amount equivalent to the allotted shares * IPO price per unit under partially successful/successful.

If you're wondering how to apply for an IPO through Maybank2u, Public Bank, or CIMB, or how to check your eIPO application status online, here’s a guide to get you started.  

The process covers steps for balloting results, the basis of allotment, and how to invest in new company shares.  

Applying for IPOs can be a lucrative way to make money, and there are numerous companies to consider, including Ramssol Group Berhad, Pekat Group Berhad, CTOS, Tuju Setia, CEKD, and Haily Group Berhad.  

This guide will also touch upon the Bursa Malaysia IPO guideline.  

When the issuing house releases balloting results for an upcoming IPO, banks typically update the eIPO applicant statuses by evening or night on the same day.  

However, the timeframe for updating statuses can vary depending on the bank and the type of IPO.  Some banks update the status just a few hours after balloting, while others may take a few business days to update.  

Sometimes you might receive an update the same day for one IPO, another application on another IPO might take longer to update on the same bank platform.  

It is also important to note that results can depend on bank efficiency and other factors such as oversubscription rates or national holidays.  

For example, Mobilia IPO was affected by a national public holiday.  

Balloting results were announced on 11th February 2021, the eve of Chinese New Year.  

Although the announcement was made that evening, banks, including the one I used for my application, didn’t update the eIPO status immediately due to the Chinese New Year holiday cause most staffs were already on leave.  

• let me take a look at how the eIPO status was updated for Optimax IPO:  

• 6th August Evening: Balloting results were announced.  

• 6th August Night: I received the update on Maybank2u and refunds were processed.  

• 8th August, 2:00 P.M.: eIPO applicants from Public Bank received their updates.  

• 11th August Night: CIMB finally updated their status.  

The Timeline for updating the Mobilla IPO status was like this:

• 11th February Evening: Balloting results were announced.  

• 11th February Night: No banks has updated their status at this date.  

• 15th February Noon: CIMB updated the status, followed by Public Bank and Maybank later that evening.  

Refunds for unmatched or partially matched applications starts once the eIPO application status changes from "pending."   

Ways for Applying or Buying IPOs

Although there is no guaranteed success rate in getting IPO share allotments, there are a few tricks to improve your chances, invest or buying this IPO effectively.  

It is crucial to understand the TIIH’s and MIH’s IPO Basis of Allotment

Solarvest IPO Basis of Allotment 

SAMAIDEN IPO Basis of Allotment

Mobillia basis of Allotment 

Optimax IPO basis of Allotment

HPPHB IPO basis of Allotment

IPO's tiered system list  

Did you notice that the range of the number of shares is identical for each issuing house's basis of allotment? These ranges are commonly referred to as "Tier."

Both issuing houses share a similar tier structure for shares over 1000 units shares.

For most IPOs before 2020 that involved TIIH (before the Solarvest IPO), the tier will will start with an additional 100 units. On the other hand, IPOs related to MIH followed a neater range, starting with round numbers like (1000 shares, 2000 shares, and etc).

For IPOs after 2020, both TIIH and MIH adopted the MIH structure, where the tier range also begins with round numbers like 000.(Teladan and Flexi IPOs are exceptions to this and are not applicable.)

 Now based on these fixed ranges of (tiers) or shares, you can confirm the minimum number of shares on a tier that you can afford before applying for an IPO.

Let me use an example to illustrate this number of shares with Mobilia as our reference.

Mobilia's IPO price per share is RM0.23, and let's assume I have a capital of RM10,000 available for IPO application.

I could apply for around 434 lots of shares, or 43,400 shares, without thinking about any application fee.

But is it necessary to apply for 434 lots of shares for Mobilia's IPO?

Applying for 434 lots places you within the tier of 200 to 499 lots, the 7th tier.

You might wonder if there’s an issue with applying for 434 lots. Looking more closely, the 6th column, labeled “number of shares to be allotted…,” holds the answer.

Here is the key point, every successful applicant from this tier will receive 60 lots of Mobilia shares.

Was there an issue?

Applicants who applied for 200 lots paid RM4600, while those applying for 499 lots paid around RM11,500. Despite this, both groups receive the same number of shares (if successful), even though the amounts they paid differ by 2.5 times.

Thus, you don't need RM10,000 to apply for Mobilia. You only need RM4,600, plus some application fees (refer here to each bank’s application fee chart).

You don't necesssarily have to waste the opportunity cost of the remaining RM10,000. Instead, use that extra amount for other investment or trading opportunities or to earn interest.

You may also refer to this IPO calculator👉 (IPO CALCULATOR)which is open to every reader with terms and conditions applied.

Conclusion

This Excel file has been created based on my experience with a few IPO applications over the past few years, shared through Jaxx Invest. Please note that it may no longer be applicable if there are changes in the future.

The content of this Excel file, available on Jaxx Invest, is strictly prohibited from being reproduced or used for any commercial or profit-making purposes without my permission. Kindly obtain my authorization and credit Jaxx Invest before forwarding or quoting this Excel file.

Currently, you can download this Excel file by subscribing to Jaxx Invest and either contacting me or leaving your email address in the comment section.

IPO related Series

Tutorial to Applying for IPOs in Malaysia: Part 1 - How to Buy and Apply

Malaysia IPO Tutorial- Where to Check for Balloting Results – Part 2

Calculating Malaysian IPO Costs and Allocations with the IPO Calculator