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***All contents here are translated from my mandarin blog without changing chronological part (timeline), therefore there might be some timeline dispute between the contents and posts release date.***
On
9th February 2021, it is the end of the IPO (Initial Public
Offering) Application date for the 2nd IPO in Bursa Malaysia –
Mobilia Holdings Berhad.
Since
the unprecedented outbreak of COVID-19 global pandemic, there were still tons
of IPOs from various sectors and capitalization size appeared in Malaysia. For
example, Samaiden Group Berhad the solar-theme player under Energy &
Environment industry and also MR DIY Group (M) Berhad , Malaysia’s largest IPO since 2017 with market
cap at 10 Billion MYR.
Of
all the 10 IPOs that started in June 2020, 9 of these IPOs managed to achieve
an outstanding performance under uncertain economic situation. There are total
of 6 IPOs nearly doubled and above over their IPO price per unit.
The following excel table shows the performance of those 10 IPOs as of today (9th February 2021):
This is just a statistic. It does not directly mean that the IPO will definitely make money or double.
The performance of these IPOs is mainly contributed from
market expectation, future outlook of their sectors, competitiveness, as well
as capabilities. So don’t just merely apply any available IPOs in the market
without making any sensible assessment on their prospectus.
You may be wondering why I'm still writing this post even
though there are plenty of similar topic of applying IPOs in other related
websites and social media such as Facebook or Telegram.
Obviously, the
purpose of writing these posts is to record and share the way to apply
IPOs in Malaysia.
However, I found out that there is always someone or newbie
come to these websites/platforms to rise their problem about applying IPO and
mostly right before the dead-end of IPO application or after the release of
basis of allotment.
Therefore, I will share some of my experience on how to
apply IPOs not just in surface level, but I will also provide some tricks for
you to apply or buy these IPOs in much efficient way. (Most of others didn’t
mention about these tricks)
Probably there will be about 2 to 3 articles about this
topic, but it mainly depends on the enthusiasm and response from readers and
the public on this topic.
So I will enter to the topic here which is How to Apply or Buy IPOs in Malaysia.
There are 3 ways for Malaysian individuals/business entity
to apply IPO in Malaysia, they are:
1) Application Forms (White)
2) Electronic Share Application (ATM Machine)
3) Online Application (through banks)
I will focus on the 3)online application method, normally it
can be described as eIPO and the following 3 items are the basic requirement
for us to apply IPO.
1.
Cash in Bank Account（Spare money is better but depend on you）
2.
Local Bank Account
(Savings or others)
3. Direct CDS Account
Before making any IPOs application through eIPO, you have to
ensure that your local bank account must has the sufficient amount to
apply the IPO. For example, I need to a minimum balance of RM10,021 in my
Maybank saving account before applying an IPO with RM10,000. (RM20 is minimum
balance and RM 1 is IPO application fee).
You have to pay the money to the listing company before you
apply the IPO, not at the moment when you are being selected from tons of
applicants.
Also remind that you are not allowed to re-apply an IPO for
2nd time with your name. Your applications will be rejected if you
do so.
Besides, all IPO application has to be made right before 5
P.M. on the closing date of application. You can’t make any application after
this time and don’t waste your time to make any kind of valid reasons or excuses to
these financial institutions or others.
You will be
given a minimum period of 1 week to review the IPO so you do have many chances
to make application during this period. So it is much better to make the
application as soon as possible as any disruption might happen anytime when you
want to make application ( WiFi breakdown, sudden server down or under
maintenance and etc)
Only Direct CDS
account can apply IPO, you can’t make any IPO application under Nominee CDS
account (like under Rakuten Trade). You may consult with your
broker/dealer/remisier or the customer service to check what is the type of
your trading account.
You may refer to the following list of local banks that
provide eIPO service as well as their charges :
By using Mobilia IPO as the example here, the balloting
result/basis of allotment will be released after 5 P.M. of Chinese New Year eve
on 11th February. You may check for this result on Bursa Malaysia or
the respective issuing house website.
How to Apply or Buy IPO in Malaysia
– Maybank2u
I personally always use Maybank account to apply my favorite
IPOs (cheaper charges), but for those readers without Maybank account may using
other banks in the upper list to apply IPO through eIPO.
Steps to apply or buy IPO through Maybank2u eIPO :
- Login to Maybank2u
- Ensure you have the sufficient balance to make
application
- Find and click “Apply” on top-left side after login
- Click “Investment” in the middle bar.
- Find “eIPO” and click “Apply Now” at first row third
column
- Fill in the bank account, your CDS account number, your
race and select the IPO and the number of shares (NOS) you want to apply.
- The minimum application NOS is 100 units or 1 lot and
the following NOS is under multiplication of 1 lot.
- Check “I have read and
agree with the documents above” and press Submit
- Confirm your application after reviewing all info here
- Wait until release of balloting result
Illustration
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By using Mobilia IPO as the example here, the balloting result/basis of allotment will be released after 5 P.M. of Chinese New Year eve on 11th February. You may check for this result on Bursa Malaysia or the respective issuing house website.
After the release of this basis of allotment, you may start
to check your IPO application status in your bank account. But it won’t appear
right after the announcement, it may take few business days to receive update
on the application status.
Endings
Disclaimer : This post is my experience sharing on how to
apply IPO through Maybank2u eIPO. I will not be responsible on any gain/loss of
your investment decision.
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