How to Apply for IPO via Internet Banking

initial public offering

Basically, there are a few ways to apply for IPO such as via ATM machines and internet banking. For me the easiest method is via internet banking as I can do it anywhere providing I have internet connection.

Before you start, make sure you follow these rules,

  1. Malaysian citizen above 18 years old.
  2. Malaysian citizen residing in Malaysia
  3. Active CDS account registered under your own name. Nominees or third party CDS Accounts are not allowed. If you don’t have CDS account read here on how to open.

Below are step by step guides on how to apply for PCGB IPO via CIMBClicks. The step to do it via Maybank2U very much similar except the first 3 steps. You have to go in “Investment” & “eShare” menu.

I believe it should be very close if you do it via other bank internet banking as well.

Step 1 – Browse to CIMB Internet Banking at & login to your internet banking account.

Step 2 – On the main page, under “Manage my Wealth” menu click “eIPO” menu.

Step 3 – On the left hand menu click “Apply Now” menu.


Step 4 – You will see list of IPO available. In this case, Petronas Chemicals Group Berhad. Tick the IPO click “Apply” button.


Step 5 – Read the declaration and if everything in good order, tick “I have read the relevant …” statement and click “Agree & Submit” button to proceed.


Step 6 – A few thing you need to fill in here.

i) On “Payment From”, select which account you want to make payment.
ii) Select “Race”
iii) Select your favourite CDS account or key your CDS account number at “Open CDS Account”
iv) Key in the number of lot(s) you would like to subscribe. 1 lot is equivalent to 100 units.
v) When everything complete “Submit” button.


Step 7 – Review all the details and click “Confirm” to subscribe


Congratulation, you succesfully complete the application. You have to wait in order to know whether your application is successful or not.

You will be charge RM2 service fee if your CDS account is with CIMB. If not, you will be charged RM2.50. Remember that the service fee is not refundable.

If you application is successful, the shares will be credited to your CDS account before the date of listing. If not successful, your money will be returned to the same account.

Leave a Comment

  • Financialrich 5th November, 2010, 6:16 pm

    Appreciate your information. Just know that IPO can be apply through online.

  • ChampDog 6th November, 2010, 8:46 pm

    Wow, now the IPO can be done online. This is cool…

  • 7th November, 2010, 3:24 am

    Actually, the option to apply for IPO through internet banking was available at least since 2005. I do this through Maybank2u at that time.

  • sapekuluk 8th November, 2010, 1:11 am

    If we do apply IPO from internet banking, I think there will be a vote selection need to go through if I’m not mistaken, right?

    What I mean is, if we do submit the IPO, is there any possible we will not the share requested?


    • 8th November, 2010, 5:37 pm

      Its depend how many people subscribe, if the number of subscription is more than available, then there will be a vote.

  • Jayce 9th November, 2010, 9:10 am

    Do you have any target price when it launch? RM5.25? RM5.50?

    • 9th November, 2010, 3:33 pm

      I hope it reach RM6 🙂 up 20% like MHE. However, I must pray hard to get the IPO first.

  • syakira 27th December, 2010, 6:39 pm

    how we want to evaluate the IPO? what kind of financial valuation we need to do? is there any calculation in term of ratio? let say if we are the company fund manager, how we want to make decision whether to invest or not?

    i need your assistant on this matter. thank you in advance.

    • 27th December, 2010, 7:42 pm

      As I mentioned in other comment, normally you look for PE Ratio, Gearing Ratio, Dividend Yield, Free Cash Flow and Growth to invest in a company in stock market.

  • rizal 6th April, 2011, 9:57 pm

    bro, how to sell the ipo if we buy thru the online banking..
    let say i’m using my Jupiter cds acc, buying from cimb..
    can i sell the ipo thru my Jupiter acc online on the listing day?


  • 7th April, 2011, 1:47 am


    If you use your Jupiter CDS account during application, then you can sell it through Jupiter on listing day. Yes you can use online trading.

  • afiza 24th April, 2011, 11:37 am

    can i sell the ipo via cimbclicks?
    my broker said in order to sell, i must call him.

  • 25th April, 2011, 1:57 am


    Do you mean cimbclicks trader? Sorry, I have no experience with it.

  • Curious 18th November, 2011, 1:15 pm

    Hi 1-million-dollar-blog, can foreigners apply for Malaysian IPO? If I have Malaysian bank account, does that mean I can apply for online IPO? thanks for your help!

  • 18th November, 2011, 6:33 pm

    Hi Curious, I think foreigner can’t apply IPO via online banking because it is only for Malaysian citizen.

  • hafeez 20th February, 2012, 6:09 pm

    Hi, isn’t 1 lot equals to 1000 units?

  • 20th February, 2012, 8:38 pm

    hafeez, 1 lot is 100 units

  • vishal 27th April, 2012, 6:00 pm

    I just wanted to know what percentage of people apply online for IPO

  • yun 4th July, 2012, 6:21 pm

    Before that, I do not know that the bank account and CDS account must be from the same owner. I have accidentally apply for eIPO using my husband’s CDS account number. Can I know what is the consequences (as the application cannot be cancelled).

  • Stephy 16th January, 2014, 4:25 pm

    As i know that using Maybank2u need charge RM1 per unit, did cimbclick also charge?

    • 17th January, 2014, 8:26 am

      Yes, CIMB also have similar charge. but slightly higher. RM2 if you have CDS account with them & RM2.50 if you have CDS account with other brokers.