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

No restrictions,successful applicants can sell anytime.

Sorry,nope.

My guess is in between ,5.30