IPO Covered Warrant subscription guide
Covered Warrants (CW) are secured securities issued by securities companies. Registering to buy warrants during the initial public offering (IPO) phase allows investors to purchase directly from the issuer at the announced offering price before the product is officially listed on the exchange.
Below is a detailed guide on how to register for Covered Warrant IPOs at KB Securities Vietnam Joint Stock Company (KBSV).
1. General information on the offering
To ensure a smooth registration process, Investors need to note the following regulations:
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Registration Period: A minimum of 03 working days. The specific timeframe will be announced in detail for each issuance after receiving the Certificate from the State Securities Commission (SSC).
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Minimum Registration Volume: 1,000 warrants per warrant.
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Order Volume Step: 100 warrants (e.g., 1,100, 1,200, 1,300, etc.).
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Payment Ratio: 100% of the total registered purchase value.
2. Registration Steps
Step 1: Direct registration
Investors can go directly to KBSV’s transaction locations to complete the registration procedures:
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Head office: Floor 16 and 17, Tower 02, Capital Place Building, No. 29 Lieu Giai, Ngoc Ha Ward, Ba Dinh District, Hanoi City, Vietnam
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Branches: KBSV’s branch network nationwide.
Step 2: Payment for covered warrants
Investors deposit cash or transfer money into KBSV’s escrow account opened at the bank.
Bank Transfer Information:
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Account Name: CÔNG TY CỔ PHẦN CHỨNG KHOÁN KB VIỆT NAM (KB SECURITIES VIETNAM JOINT STOCK COMPANY)
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Account Number: [Specific escrow account number designated for each offering]
(Please double-check the exact account number specified in the Issuance Notice of the warrant code you intend to purchase)
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Opened at: BIDV – Ha Thanh Branch
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Amount: (Registered purchase volume) x (Offering price of the warrant)
Transfer Description (Strictly follow this syntax):
[Securities Account Number] [Investor's Full Name] Mua [Warrant Name] SL [Volume] Gia [Price]
Example: 091C123456 Nguyen Van A Mua CWKBSVXXX SL 1000 Gia 1000
Important Note:
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Each warrant code must be paid using a separate bank transfer.
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Example: If you register to buy 2 different warrant codes, please execute 2 separate money transfers.
3. Monitoring results and receiving warrants
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KBSV will notify investors via email within 03 working days from the date of receiving the notice of the warrant distribution result report from the SSC.
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The official warrant distribution results will be allocated directly to the Investor's securities account as registered in the Covered Warrant Registration Form.
4. Contact information for support
During the process, if you have any questions, please contact the KBSV Customer Service Center for timely assistance: