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Dangote Refinery IPO Discussion

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@maasai_princess - 2 days ago
Quoted - investorgeo

Oversubscribed how?
You buy shares, the price goes up, is thatt now how? You buy shares, the price goes up, is that not how trading works?

Happened in Kenya some time ago when Safaricom shares were oversubscribed and people didn't the number they actually applied for and they had to be refunded. Sad thing is that 10 years later some people were still not refunded

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@investorgeo - 2 days ago
Quoted - yokoyi

Its possible an IPO can be oversubscribed, and in such an event, if you applied for say 100 shares you might only get 50

Ohh.
That's interesting.

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@nsg_usd - 2 days ago
Quoted - yokoyi

I just placed an order for 20 Dangote Refinery shares via the Cowry Wise app

Since it's quite affordable, it's worth the try.
But I'm not comfortable personally buying it now, I'm expecting similar case with what happened in SpaceX shares to happen.

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@nsg_usd - 2 days ago
Quoted - segun_33

Bro I have been hearing about it, I just don't have enough information about it. I hear each share costs around N525 which for me is pretty expensive but idk, I would like to hear from other members here.

Download cowry wise app or bamboo app and search for it, you'll see it.

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@yokoyi - 2 days ago
Quoted - nsg_usd

Since it's quite affordable, it's worth the try.
But I'm not comfortable personally buying it now, I'm expecting similar case with what happened in SpaceX shares to happen.

Yes, that's why I just applied for 20 shares

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@nsg_usd - 2 days ago
Quoted - yokoyi

Yes, that's why I just applied for 20 shares

Alright. I'll still be following it up. The dateline is still far a bit.

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@akam_pat - 16 hours ago
Quoted - nsg_usd

Alright. I'll still be following it up. The dateline is still far a bit.

I am interested

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@yokoyi - 15 hours ago
Quoted - yokoyi

I just placed an order for 20 Dangote Refinery shares via the Cowry Wise app

Today I got an SMS Message from Meristem Stockbrokers containing my CHN number and CSCS number.

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@nsg_usd - 14 hours ago
Quoted - yokoyi

Today I got an SMS Message from Meristem Stockbrokers containing my CHN number and CSCS number.

Please what's the number used for?
Is it like your registration number, or it's the number you'll use in claiming your profits when you want to withdraw from it in the future?

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@yokoyi - 2 hours ago
Quoted - nsg_usd

Please what's the number used for?
Is it like your registration number, or it's the number you'll use in claiming your profits when you want to withdraw from it in the future?

Clearing House Number (CHN) is like your BVN number but for the stock market so you can only have one.

Central Securities Clearing System (CSCS) number is like your stock market account number, so you can have many depending on the number of stock brokers you have registered with

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