Maxis IPO Institutional portion is now open for bidding,many Investment banks(IB) are offering to their high net worth clients with various Terms and conditions.

The IB that I am attached to is offering same at the following T&C:

~minimum application 50,000 units,amount involved is around RM280,000.00

~price will be at strike price,meaning it will be the price where institutions will get at the final book building exercise,indication is that it will be in the region of RM5.20 to RM5.50.(Note retail investors applying through the normal IPO process will get at a cheaper price of 5% discount)

~allocation will be subject to allotment by the lead advisor,CIMB IB,Since the bid is put in at strike price,chances of success is reasonably good.

~Service charge of 1.5% on successful allocation,if unsuccessful,no cost to you.

~As we are also one of the joint lead managers,successful applicant shares will be credited direct to your CDS account which must be maintained with us.You must therefore open account with me if you wish to apply and the cost is just the RM10 CDS account opening fee.Selling also must be done through me since this will be my only reward from the commission charged on the selling contract.

~closing date is next Friday ,30th October

Can post your question here or PM me if you want further infor.

This post has been edited by lklatmy: Oct 25 2009, 01:09 AM

Thanks for the info lklatmy.

So it is more or less confirm around RM5 for normal investors then.

Question, any restrictions on selling on listing day for these institutional investors?

No restrictions,successful applicants can sell anytime.

when is the date of the IPO?

Hi lklatmy,

Does your investment bank provide financing for Maxis IPO (and other IPOs, for that matter)?

What are the interest rate, margin of financing, and other terms & conditions?

Thank you.

CIMB will only finance the pink form ie if you're an employee of Maxis. If you need financing for the white form then I'm afraid you're outta luck.

Sorry,nope.

Noted :-
Maxis is scheduled to launch its prospectus on Wednesday and it is expected to raise nearly RM10.2 billion for the listing exercise of its Malaysian operations. However, pricing the shares above RM5.20 may not attract strong interest.

no matter how, the IPO will be over-subscribed.

Like MBL, it had been oversubscribed by 34 times.

Don't know whether I should spend RM2 to bid for it.

Just like buying lottery.. too hard to get.

Yeah true it will be hard to get. But then you have to be in the lottery to WIN it. So a chance is a chance. Better try it if you really want it.

If retail investors are goiing to get it at a 5% discount, why would anyone use an IB?

Much higher chance of success. Seems everyone is expecting the price to shoot up on listing day which is why they dont mind paying a premium for the IPO instead of waiting to buy on listing day which may open at a much higher price.

Hei s guys ned your advise Maxis shares have been suggested at RM5.50 but i think will be at 5.30,
my concern i got a offer to buy or subscribe 50k but the bank is charging 1.5% anywhere else cheaper admin fees
please advise

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Added on October 26, 2009, 4:56 pm50k allocated but whats the admin charges guys i got 1.5% cimb had it for 1% but all sold

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Added on October 26, 2009, 5:03 pmand so much of hype and this is mother of all listing in malayisia with such amount what r the chances for it to appriciate guys u dont want to get ass burn lol

This post has been edited by lukeraj: Oct 26 2009, 05:03 PM

My advice is..better stay on the sideline, wait and see..don't gamble with your money..

This post has been edited by DanielW: Oct 27 2009, 11:01 AM

Not all are optimist...
http://www.theedgemalaysia.com/business-ne...-for-maxis.html

finally... rm5.20 per share... good luck...

http://www.theedgemalaysia.com/business-ne...-per-share.html

I'm seriously thinking of skipping this IPO .... coz I doubt Buffett and Graham would have subscribed to it

IMHO, RM5.20 (I know it's tentative) is too expensive, especially since Maxis is in a very competative industry and has been slowly losing market share.

Anyway, will wait for research houses' reports before deciding.

yup... the yield is not too attractive with 5.20, especially it is more to dividend play than growth..

anyway the link to the prospectus:
http://www.klse.com.my/website/bm/listed_c...pos/prospectus/

This post has been edited by mopster: Oct 28 2009, 11:30 AM

Maybank online /ATM didnt offer maxis IPO for sale!! How to appy?

CIMB offer that.