Optimize your cash before applying to IPO subscription.
Before you buy an IPO, understand how the IPO is distributed first. This IPO is distributed through a draw. For each draw, the amount of share distribution has been determined as per the table ( an example) below.
Referring to the table above, investors who want to buy shares from 100 to 900 units will be distributed as many as 100 units of shares. According to this guide, it is sufficient if you buy only 100 units.
Another example , if you decide to buy between 6000 to 10900 unit , then you should apply and pay only 6100 units to be entitled for balloting at this tier/stage ( range of shares ) . Don't apply 10000 units because you will still be ballot at the same tier with another applicant that subscribed 6100 units.
Moving down the table, we can see a larger number of share distributions. If we look at the percentage of successful applicants, we can see that the percentage is getting higher.
So, the more lots you buy, the higher the chance you will get the requested shares. However, there are also cases where you are included in a lower ladder or tier.
Applying on the 1st or last day of subscription application period also doesn't affect your success rate to get allotment , so plan wisely.
Hopefully this tips helps . 🙏
Can refer to this video . credit to Coach Suddin Salleh.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
105516187 : Is the bumiputera category based on application through MITI only?
Muhammad M A OP 105516187 : through MITI and also public bro.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
105271445 : Even though the chance of meeting is small, there is still a possibility of getting together.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Learningslow : Is the basis of allocation different company by company?
Muhammad M A OP Learningslow : yes different. u can go to tiih online or mih investor portal to compare.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Learningslow Muhammad M A OP : Thank you
Muhammad M A OP Learningslow : anytime bro
Learningslow Muhammad M A OP : Just went tiih to see, so basically we can only know how the basis of allotment after the ballot done. Is it correct?
Muhammad M A OP Learningslow : yes after balloting done. as a rough guide , most of tier 9 above , allotment has more than 10k unit incremental.
Muhammad M A OP Learningslow : FYI latest ipo ballot result