Investors seeking to subscribe to the Dangote Petroleum Refinery Initial Public Offering (IPO) can complete their applications in less than two minutes through Fidelity Bank’s digital channels.
Fidelity Bank has introduced multiple subscription options to accommodate existing retail customers, corporate organisations and non-customers in Nigeria and abroad.
Available channels include the Fidelity Bank iOS and Android Mobile Apps, the Bank’s corporate banking platform and designated Fidelity Bank branches nationwide.
A key feature of the subscription solution is the availability of Virtual Accounts for investors who do not maintain accounts with Fidelity Bank.
Through this option, non-Fidelity Bank customers in Nigeria and abroad can initiate their subscriptions through the Fidelity Bank website, receive dedicated Virtual Account details and fund their applications from an operational bank account.
The Virtual Account option allows prospective investors to participate without opening a regular Fidelity Bank account. It also supports third-party-funded subscriptions, providing non-customers with an additional digital route to participate in the offer.
Existing retail customers can complete their subscriptions through the Fidelity Bank Mobile App on iOS and Android devices, while corporate customers can subscribe through the Bank’s corporate online banking platform, subject to the applicable inputter and authoriser process.
Investors requiring additional assistance can visit the nearest Fidelity Bank branch or contact Fidelity TrueServe by calling 070034335489, sending a WhatsApp message to 09030005252, or emailing trueserve@fidelitybank.ng. Dedicated personnel are available around the clock to guide intending subscribers through the process.
Investors are required to provide relevant identification and account information.
Depending on the subscription route, this may include a Bank Verification Number (BVN) for non-Fidelity Bank account holders, a National Identification Number (NIN) for minors, and an active operational account or online banking profile for Fidelity Bank customers.
Investors who do not already have a Central Securities Clearing System (CSCS) account can also participate in the IPO. A stockbroking account may be opened through Fidelity Securities Limited to facilitate the electronic crediting of allotted shares after the completion of the allotment process.
Following successful authorisation of a subscription, the investor’s selected account will be debited or the assigned Virtual Account funded, as applicable.
The investor will subsequently receive a confirmation message, transaction reference and receipt as evidence of the application.
The initiative highlights Fidelity Bank’s efforts to expand access to Nigeria’s capital market by providing simple, inclusive and technology-driven options for investors seeking to participate in the Dangote Refinery IPO.
Prospective investors are advised to carefully review the approved Offer Prospectus before making an investment decision.
The prospectus contains the applicable eligibility conditions, offer price, minimum subscription requirement, permissible multiples, offer period and other terms governing the IPO.
