IPO shares are shares of companies that newly listed on a stock exchange. They are offered to the public for the first time through an Initial Public Offering (IPO), allowing companies to raise funds for growth and development.

We are offering IPO subscription for Bursa exchange only.

You are required to open for Individual CDS account for IPO subscriptions. The account opening will be prompted after clicking the subscribe button in the IPO Center. 

Generally, the account applications received by 12:00 PM on a business day will be activated on the same day, while applications received after 12:00 PM will be activated on the next business day. 

Notes: 

• The Individual CDS account is used only for IPO subscriptions
• You are required to opt in for a Nominee CDS account before proceeding with the opening of an Individual CDS account.
• For Stocks/ETFs trading on FSMOne, transactions are carried out through a Nominee CDS account.

You will need to fulfil the criteria below to participate in IPO subscriptions on Bursa Malaysia with us.

• Malaysian citizens
• Personal investment account holder with FSMOne
• Opt-in for individual CDS account

Note: 
Corporate accounts and Beneficiary account are not eligible to apply for IPO via FSMOne platform. 

For Website:

You can subscribe IPO by click on IPO Center.

For Apps: 

You may tap on Trade >> Stocks & ETFs >> Apply Stocks IPO.

Notes:  
Individual CDS account must be ready by the IPO closing date for your subscription to be proceed. Falling which, we are not able to process you IPO subscription. 

No, FSMOne do not charged any processing fees for IPO subscription.

You may complete the payment for IPO subscription by using your MYR cash account. The money will be deducted from your MYR cash account once your IPO subscription has been processed.

Yes, you may cancel or amendments your order placement before the IPO subscription closing date.

You can check your IPO application status and allocation results under IPO Center >> Stocks IPO Orders.

The timeline for respective IPO share will be different and you may refer on the timeline for the respective IPO under IPO Center by click on the respective IPO.

For more explanation on the timeline, you may refer as below:

● Opening date : 
The date when investors can start submitting the IPO subscription.

● Closing date :

The subscription deadline for the IPO.

● Balloting date:

The balloting date refers to the date on which shares are allocated to applicants in the event of an oversubscription. A selection process (balloting) is conducted to determine which applicants will receive shares and the number of shares allotted to each successful applicant.

● Allotment date: 
The date that the IPO shares will be allotted to your Individual CDS account upon the successful of IPO subscription.

● Listing date: 
The date when IPO shares are officially listed and can be traded on the stock market. Before this date, the company will announce the final issue price and number of shares issued. Please note that the timing of this announcement may vary by IPO.

The issuing house may allocate shares to investors based on factors such as the number of public offering and placement shares, the total shares to be issued, the balloting process, preferential allotments, and fairness principles. Allotment rules may vary for each IPO, and the results of the balloting are final.

Please note that submitting a Bursa IPO application via FSMOne does not guarantee any share allotment or automatic confirmation of a successful application. If the IPO is oversubscribed, you may receive only part of your requested shares or none at all. 

Otherwise, you may be allotted all the shares you applied.

The minimum number of IPO shares you can apply is depends on the company, but it is usually 50 or 100 shares. You are advise to refer on the company’s prospectus or the IPO subscription page under the “Minimum Shares” section for exact details.

However, typically no fixed maximum number of IPO shares you can apply for. For more information, you may refer to the company’s prospectus or the subscription page.

The balance of the unsuccessful IPO allocation, including related fees and charges (if any), will be refunded to your MYR cash account accordingly.

When you can trade the allotted shares depends on when the issuing house completes the final confirmation. There may be a delay in trading them after the IPO shares are listed.

The allotted IPO shares will be credited to your Individual CDS Account on the allotment date and then automatically transferred, subject to your authorization, to your Nominee CDS Account before the listing date for trading.