Buying shares in a public offer sounds complicated until you break it into a few steps. The important part is not rushing.
1. Get your details ready
The official IPO guidance says investors should have an active BVN, an eligible bank account and matching personal details across the records used for the application.
2. Use an approved channel
The official subscription page lists participating banks, fintechs, mobile operators and NGX channels. Depending on the provider, applications may be available through an app, website, USSD, POS, bank branch or ATM.
3. Choose the number of shares
The published offer price is ₦525 per share and the minimum is 10 shares. Work out the amount before you start the application.
4. Complete the application
Follow the instructions on your chosen approved channel. Do not give your PIN, password or OTP to another person claiming to be helping you with the IPO.
5. Keep your confirmation
Save the application confirmation and any reference number. Remember that confirmation that an application was submitted is not the same thing as allotment.
6. Check your final status
Follow the official post-offer process to find out what was allotted to you. Once shares are actually allotted, that is when the shareholder status becomes relevant.