If what I wanted to buy in this dangote IPO is 1000 shares and I have money for half of the share now which is 500 shares, can I later complete the purchase when am ready
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If what I wanted to buy in this dangote IPO is 1000 shares and I have money for half of the share now which is 500 shares, can I later complete the purchase when am ready
Imagine you are at the local market, and you want to buy some tomatoes from Mama Ngozi. You see that she has a special offer where you can buy 1000 tomatoes at once. However, you only have enough money for 500 tomatoes today. You're worried that if you don't buy all 1000 now, Mama Ngozi might not haRead more
Imagine you are at the local market, and you want to buy some tomatoes from Mama Ngozi. You see that she has a special offer where you can buy 1000 tomatoes at once. However, you only have enough money for 500 tomatoes today. You’re worried that if you don’t buy all 1000 now, Mama Ngozi might not have enough tomatoes left when you come back later.
In a similar way, buying shares in Dangote’s IPO works like buying those tomatoes. If you can afford only half of the shares you want now, which is like buying 500 tomatoes, you may worry that you won’t be able to get the other half later. This situation is a common concern for many investors, especially in IPOs.
In the case of an IPO, it’s essential to understand that the shares are offered for a limited time. If the IPO is popular, all the shares may sell out quickly, leaving no more available for purchase. This means that if you only buy half now, you might miss out on getting the remaining half later.
To secure your desired 1000 shares in the Dangote IPO, it’s generally recommended to try to buy all the shares you want at the initial offering. This way, you ensure you get the quantity you desire and avoid missing out if the shares sell out quickly. IPOs can be quite competitive, and shares may not be readily available after the initial offering period.
Therefore, if you have the means to buy all 1000 shares you want at the start of the IPO, it’s usually best to do so to avoid potential disappointment. This strategy helps you secure your desired investment and participate fully in the offering.
Remember, investing in IPOs can have risks, and it’s crucial to assess your financial situation and investment goals before participating. If you’re unsure about how to proceed, it may be helpful to consult with a financial advisor for personalized guidance to make informed investment decisions.
See lessThe offer is still available until October 13th. You can buy half now nd buy the remaining before it close
The offer is still available until October 13th. You can buy half now nd buy the remaining before it close
See lessNO:- IPO is not like buying TV on installment in Emeka's shop. How IPO works:- 1. IPO is like a one-time market for 2-3 weeks only. When Dangote Refinery says "We are selling shares", they will open the market for maybe 3 weeks. Inside that 3 weeks, you must bring all the money you want to buy. If yRead more
NO:- IPO is not like buying TV on installment in Emeka’s shop.
How IPO works:-
1. IPO is like a one-time market for 2-3 weeks only.
When Dangote Refinery says “We are selling shares”, they will open the market for maybe 3 weeks. Inside that 3 weeks, you must bring all the money you want to buy.
If you want 1000 shares and one share is ₦100, you must bring ₦100,000 inside those 3 weeks. You cannot bring ₦50,000 now and say “I will bring the rest next month”. Once the market closes, it closes.
2. So what if you have only money for 500 now ?
Simple: Just apply for 500 shares now.
Use your ₦50,000 and buy 500 shares during the IPO.
3. Can you complete the remaining 500 later ?
YES, but NOT as IPO installment. You will buy it later as normal shares in the stock market (NGX) after Dangote Refinery is listed.
It will be like this:-
– Today (IPO time): You buy 500 shares at IPO price (e.g., ₦100 per share)
– 3 months later (after listing): You now have money. You go to your Cowrywise,
Bamboo or InvestNaija app and buy another 500 shares. But the price then might be ₦120 or ₦90, not ₦100 again. It depends on market price that day.
Don’t wait to have money for 1000. Buy the 500 you have money for during IPO. That is better than missing the IPO completely. After IPO, you can be adding more shares anytime you have money, just like you add airtime.
You cannot pay IPO in installment. Pay for the 500 you have now during IPO, and buy the remaining 500 later in the normal stock market when you have money
See lessBuying shares ain’t like paying installment for sunking solar panel 😁 If you have half of the amount of the share you intend to buy, in as much is N5000 and above you’re good to go.
Buying shares ain’t like paying installment for sunking solar panel 😁
If you have half of the amount of the share you intend to buy, in as much is N5000 and above you’re good to go.
See lessI learnt you can do that before the subscription window closes, but not with different brokerage accounts liable to disqualification or you wait for the secondary market.
I learnt you can do that before the subscription window closes, but not with different brokerage accounts liable to disqualification or you wait for the secondary market.
See less