How To Apply Maxis IPO

Posted by Kris | Friday, October 30, 2009 | , | 2 comments »

I saw a lot of readers out there asking on how to apply for an IPO especially Maxis.

Here is the requirement:

1. You need to have a CDS account under your own name!!!. Not a third party or nominee CDS account. If you opened a normal brokerage account in our local institutions, they will give u a nominee. You need to specially request for a securitized aka personal CDS account. This may take some time to get one , and brokerage houses don't simply give these privileges to one-time customers.

2. Once you have the CDS account, you can go to any Maybank ATM machine and select IPO section. You need to have an Maybank account with cash in it to make the subscription. You then need to key in your name and CDS account number. You can also do this using CIMBCLICKS online under the IPO section. Note things don't come free, thus there is a small fee RM2-2.5o when you want to subscribe the IPO.

3. You don't need a remisier to sell your IPO if you are damn lucky enough to get the balloting. And a good remisier is hard to find especially if you are a virgin in this stock market world. Thus, quickly opened up an online trading account with the brokerage house that you request your CDS from. Then everything can be sold in a single mouse click :P

4. The most important step in IPO subscription is PRAY PRAY PRAY that you can get the balloting because the chances is very very small for retailers. It is like striking lottery. And if you don't get it , the funds usually will be wired back into your savings/current account where it originally came. Thus, it is always wise to have either MAYBANK or CIMB saving accounts. Especially Maybank as they offer alot of services.


  1. Anonymous // 12:11 AM  

    I am using Maybank2u online banking as well as their online stock service. The CDS is the nominee type under Maybank.

    My question is: Can I open a own-named CDS account with Maybank and link the account under their online stock service e.g. replacing the nominee CDS with a CDS under my own name?

    If so, what should i do?

    Thank you for the info. Much appreciated.

  2. Kris // 10:53 PM  

    Hmm. I am not sure about that. But logical it should be able to.

    Is there any reason why you would want to do that?