IPO   

Using CPF for IPOs

Reading the Prospectus on offer usually on the first few pages and or how to apply (sometimes they may highlight it). it mean applying for in cash.

 

Pardon my ignorance but how does this tell us that we are not allowed to use CPF to purchase?

Thanks in advance.

 

The Offering consists of

(i) International placement, to  institutional and other in Singapore and

(ii) Public Offer  in Singapore (“Public Offer”), is 21,505,000 Units.

teeth53 thot - Share on offer to public is not easy to get (to be allocate) and  placment share to placees is equally very  limited.

http://masnet.mas.gov.sg/opera/sdrprosp.nsf/e25d3309aa11eacd48256f64000f86d1/7C2E889231E3E7C448257B5F0026D247/$File/Final%20Prospectus%20(02.05.13)%20(clean).pdf
Final Prospectus (02.05.13) (clean).pdf
229,118,000 Units Offering Price: S$0.93 per Unit
Opening date - 3 MAY 2013, 9:00am for Public Offer and closing  on 8 MAY 2013, 12:00 noon

Commencement of trading - 10 MAY 2013, 2:00 p.m.

 

Hi gurus,

How would you know if a particular IPO allows retail investors to use their CPF to apply? Is this stated in the prospectus? I realized that CROESUS RETAIL TRUST cannot be applied through CPF only upon logging in to my I-banking and seeing that the CPF option is not available.

Furthermore, if an IPO does not allow you to use CPF to apply (e.g. CROESUS RETAIL TRUST), does it also mean that this stock is not applicable for purchase using CPF once it is listed on SGX?

Thanks in advance! 

Regards