Will another CSCS account be credited for me in invest nija after I’ve subscribed for dangote IPO through smartcash?
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Will another CSCS account be credited for me in invest nija after I’ve subscribed for dangote IPO through smartcash?
Yes, it is possible for a new CSCS account to be created, but it depends on whether you already had a CSCSlinked when you subscribed. For the Dangote Refinery IPO: If you already had a CSCS account and it was properly linked, your allotted shares should go into that existing account. If you didn't pRead more
Yes, it is possible for a new CSCS account to be created, but it depends on whether you already had a CSCSlinked when you subscribed.
For the Dangote Refinery IPO:
If you already had a CSCS account and it was properly linked, your allotted shares should go into that existing account.
If you didn’t provide an existing CSCS/CHN, a new CSCS account can be created as part of the IPO processing. InvestNaija confirms that applicants without an existing CSCS account can have one opened during processing.
CSCS itself says investors can technically have more than one CSCS account, but recommends maintaining one unique CHN.
In your particular case
Since you subscribed through SmartCash, rather than directly through InvestNaija, don’t assume that the shares will automatically appear in your existing InvestNaija CSCS account.
The important thing is which CSCS/CHN details were attached to your SmartCash IPO application.
If SmartCash didn’t ask you for your existing CSCS/CHN, there is a possibility that the IPO process creates a new account/record for you.
See lessYes — if you subscribed to the Dangote Refinery IPO through Airtel SmartCash and you did not already have a CSCS account with the stockbroker assigned to that channel, a new CSCS account can be created for you. SmartCash is one of the approved IPO subscription channels.
Yes — if you subscribed to the Dangote Refinery IPO through Airtel SmartCash and you did not already have a CSCS account with the stockbroker assigned to that channel, a new CSCS account can be created for you. SmartCash is one of the approved IPO subscription channels.
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