Ever since the 9th of february, 2021 it sets the date for the end of the IPO (Initial Public Offering) Application for the second based IPO in bursar, Malaysia- Mobilla Holdings Berhad.
Since the Unexpected outbreak of the COVID-19 pandemic, there were still lots of IPO (Initial Public Offering) from various departments and also more capitalizations techniques set place in Malaysia. For example, Samaiden Group Berhard the new solar-theme player under Energy and environment industry and also the MR DIY Group of (M) Berhard. Malaysia's largest IPO since 2017 along with a capital market worth of 10 billion MYR.
Despite all the IPOs that were launched in June 2020, Only nine of these IPOs were successful in managing an outstanding performance under certain economic difficulties. As of now there are a total of six IPOs and above all IPO price ranges.
The excel table below shows the metrics of those ten IPOs as of today:
This doesn't directly mean that the IPO will make more money.
The Metrics of these IPOs is majorly contributed from market expectations, future discoverance of their units, competitors and capabilities. So just don't apply on any IPOs in the market without making thorough research on their prospectus.
There are reasons to why I am still writing even though there are similar topics related to applying IPOs on the web and social media such as Facebook or Instagram.
Clearly, the purpose of writing this article is to share the ways to apply IPOs in Malaysia.
However, I have found out that most new minds comes to this platforms to raise their problems about applying for IPOs and mostly before the deadline of the IPO application or even after the basics of allotment
In this article I will be sharing some of my experiences on ways to apply IPOs not just in the beginners level, but I will also be providing tricks for you to use to buy and apply for these IPOs in much efficient way.
There are Three ways for Malaysian individuals or Business cooperates to apply for IPO in Malaysia, They are:
1. Online Applications
2. Electronic share applications (ATM)
3. Applications Forms (White)
I will be focusing on the three online application methods, normally it can also be called the eIPO and the requirements below are all we need to apply for IPO.
1. Money In Bank Account
2. Local Bank Savings
3. Direct CDS Account
Right before you make any IPOs application though the eIPO service, you need to make sure that your local currency bank account has sufficient amount to apply for the IPO. For example you might need a minimum of RM10,023 In a Mayback savings account before applying an IPO with RM 10, 000.
(PS. RM 20 Is the minimum balance and RM one Is the IPO application fee)
You will need to pay the funds to the listing company before you can apply for the IPO, not while you are being chosen from lots of other applicants.
Also note that you are not allowed to apply for another IPO with your name, your application will be rejected if you do so.
All IPO applications has to be made before 5PM of the day. on the close date of the applications. You can't make any other applications after that time.
You are going to be given a minimum time interval of a week to review the IPO so you can have many chances to submit applications during these periods. It always advisable to make these application as soon as possible to avoid disruptions later on such as (electrical outage or WIFI breakdown)
Note- Only Direct CDS Accounts can apply for the IPO, you can't make any IPO application the Nominee CDS account like Rakuten Trade, you may also consult with your broker or customer service to check your type of trading account.
This is a list of local banks that provides eIPOs services as well as their service fees
The Mobilla IPO is used as an example here, as the balloting result of allotment will be released after 5PM prompt of the Chinese New year. You can also check for the result on the Bursa website.
How to Apply IPO In Malaysia- Maybank2u
I normmaly use the Mayback account to apply for my favourites IPOs because they offer cheaper rates, but for readers without the Mayback accounts you can use other banks in the list above to to apply thorough eIPO.
How to apply or buy IPO through mayback2u:
1. Log in to your Mayback2u account
2. Make sure you have the sufficient balance
3. Find the ''apply'' button on the top left side bar after the login
4. Click on ''Investment'' in the middle bar
5. Find the ''eIPO'' and click on ''apply'' now at the first row column
6. Fill in your banking information, CDS account number and your race then select the IPO and amount of shares you want to apply for
7. The minimum applicant NOS is 1 lot
8. Click on the ''I have agree with the documents and click on save''
9. Make sure to confirm your application after reviewing your application
10. Sit back and wait until release of balloting result
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By using this Mobilla IPO as an example here, the balloting results are typically released after 5pm of Chinese New Year's Eve. You can also check for the result on the Bursa website.
And then after the release of the IPO allotment, you can begin to check your application status in your bank account. It doesnt always appear right after the announcement but takes some few business days for the application status to be updated.
Conclusions
Disclaimer: This post is as a result of my experience on how to apply for mayback2u eIPO. I am not responsible for any gain or loss in your investment.
IPO related Series
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