Hi, I would like to know is it possible for me to apply an IPO using many banks?
Let's say I would like to apply for 200k shares.
Can i distribute it among 4 banks and apply 50k each so that I have a greater chance of getting it?
Thanks.

Now don't get angry at me for asking this.
How would they know?
Let's say i insist on applying under same name with different banks.
Do you know what will happen?
I am just curious.
Thanks for the prompt reply.

This post has been edited by Mr Kong: Oct 23 2013, 01:58 PM

So, your application will not be considered?
Let's say i Apply 20k shares with A bank, 40k shares with B bank, 60k shares with C bank 80k shares with D bank.
How? They won't even consider my application or they will just pick 1 randomly?
Thanks for replying, I really appreciate it.

This post has been edited by Mr Kong: Oct 23 2013, 02:16 PM

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This post has been edited by Mr Kong: Oct 23 2013, 02:16 PM

Won't there be a lot of work?
I mean you have to cross check with the data submitted from those applying using application forms(paper)?

Ok. Understood. I am just curious.
Thanks for your answer. So now I know all IPOS application will be passed to MIH for balloting.
I was not aware of that prior to this.

OK. So the best chance of getting it is to apply using many different names.

Yeah, but let's say 10000 people applying via application form, you have to check 10000 ICs.
That's a lot of work, no?

Wow I never heard before this, ask IB for institutional shares? How?
If borrow bumi name, you must trust that person a lot lo.

What the hell, they can do so much with my IC?
No privacy one meh?
OKOK, i am outdated, I admit, i thought they need to key in like 10000 IC numbers.
That would take a lot of time.

Oh, that's the trick la. So now no need so susah susah apply for shares already.
But i also wanna know, does CIMB/Maybank preferred has anything to do with their investment banking division?
Are you aware of that?

But let's say all my life I've been using CIMB and all my savings inside there.
Maybank still able to cross-check?

But that is provided the bank subscribes shares in the company rite, no?

So the best way is still via MITI?
Let's take the recent IPO of Westports as example, it went up 6% on IPO day.
You minus off 5%, your gain is 1%, minus your commission.
You are effectively left with nothing though.

But very risky leh, money under his name.
He cabut how?
If sue him also cannot do anything leh.

When it comes to money, even family members will try and fight among each other.
But honestly la, the MITI one best la.
No need extra 5%.

Not many people know this. That is why it is together with institutional allocation.
While the one for public is for retail investors, who does not meet the criteria.

Here are the conditions, quoted from MITI docs:

INTRODUCTION
These guidelines provide an explanation on the conditions and procedures to be complied with by individuals, companies or cooperatives when applying for Bumiputera Special Shares through the E-Form.
Bumiputera investor interested in subscribing the special shares has to register with MITI by filling in the User-ID Registration Form at the MITI portal, before logging into the system.
DEFINITION / CRITERIA OF BUMIPUTERA INVESTORS
Individual : ANNEX A
Company : ANNEX B
Cooperative : ANNEX C
GENERAL GUIDELINES
In line with the Services and Capital Market Act 2007, an investor who applies for shares that are worth less than RM250,000 is required to prove:
for an individual, a net asset worth of at least RM3 million; and
for a company, a net asset worth of at least RM10 million.
Applications must be submitted within the specified timeframe. Applications received after the deadline will not be considered.
Receipt of a complete application, including proof of financing, is not a guarantee that the applicant will be allocated the shares as applied. MITI reserves the right in deciding the number of shares to be allocated to each investor.
An investor must carry out his own detailed and comprehensive analysis and evaluation on the performance of the company offering the shares.
MITI will not be held responsible for any profit gained or loss suffered arising from the subscription of the shares.
An investor must, to the best of his ability, take up all the shares allocated and make payment within the timeframe set by the merchant banker/company.
Since a failure to accept the shares allocated will affect the listing processes and schedule of a company, an investor who rejects the allocation may be blacklisted.
SUPPORTING DOCUMENTS REQUIRED
Application Letter / Letter of Intent
Investor's profile:
Individual - Individual Profile Form
Companies - Companies Profile Form
Cooperative - Cooperative Profile Form
Supporting financing letter from financial institutions
Proof of financial capacity, such as:
The latest Bank Statement, for the last three months
Shares Certificate
ASN, ASB, Tabung Haji
Employees Provident Fund Statement
Other documents proving financial capacity or ownership of assets
For a company / cooperative, to submit the following additional documents:
The Latest Audited Financial Report
Board of Directors’ Resolution for the shares applied
The Latest Form of Annual Return, Form 24 and Form 49 (for company only)

I am not not sure what this means, so if u want to apply for MITI shares via a company, you need to have 10m worth of assets?

This post has been edited by Mr Kong: Oct 23 2013, 03:18 PM

Can anyone please tell me why do some warrants trade below their mother share price?
For example: SKP-HA and SKP-CS both have the same expiry date but one HA is trading at a 10% discount compared to its mother share whereas CS is trading at a premium of 9%
Why is there such difference??

Edited.

This post has been edited by Mr Kong: Jan 8 2014, 12:24 PM