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IPO Chilli Ratings

IPO Chilli Ratings
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Digital Core REIT

Pardon the lack of pictures or analysis - this post was done while I am traveling and writing this at 4am. 😂 Here are my quick thoughts on Digital Core REIT. I will try to fill up with pictures when I am back.  If you want views from other bloggers on this REIT - I thought the write ups from Financial Horse and Investment Moats did a much better job than I do here. Read up on how alignment and conflicts of interest are being addressed as I didn't have much time to dig deeper on that.  Digital Core REIT ("DC REIT") is offering 267.034 units at US 88 cents per unit for its IPO of which 13.352m will be for the public and the rest via placement.  The Singapore public offer is offered at $1.21 per unit. The IPO will close on 2 Dec 2021 at 12pm.  It's a pure play data centre S-REIT and sponsored by the largest global owner, operator, developer and acquirer of data centres.  Yield The forecast yield for 2022 is 4.75% but the Prospectus has boldly declare a total return of 1

IPOing 101 - how to read a balloting table

Further to my posting, I received some queries from readers on why they never get a single share when they apply for the recent IPO.

The answers to your question .... 

(1) It is not guaranteed that you will get what your applied for, in fact, there is a very high chance that you will get nothing and your $2 ATM fee is "wasted".

(2) Even if you are successful in your application, you will probably get less than what you applied for.

The IPO balloting results will usually be announced the day after the IPO closes on the sgx website. So look out for it or you can check this blog, if I am not lazy, i will most likely post the results.

The picture below shows you how to read a balloting table. 

Step 1 - Look for the red column to find what where your application falls into based on the number of shares you applied for.


Step 2 - After you find the correct row that correspond to the number of shares you applied, read it across the table.

The example in the picture below illustrates how a person who applied for 35,000 shares at the most recent Far East Hospitality Trust IPO should read the table.





Hope this helps. Happy IPOing.

Part 1 - How to apply for IPO shares 

Comments

Unknown said…
Hi,

So what happens if I'm one of the lucky ones? Would I receive any notifications? Or would I be able to see it on my vickers/CDP account?

Mr. IPO said…
You will be able to find out via (1) whether cash had been refunded to your account (2) ESA results (internet banking) (3) CDP online whether the shares have been credited.